System and method for determining appropriate redemption presentations for a virtual token associated with a stored value account

Abstract

A method for determining an appropriate redemption presentation for a virtual token associated with a stored value account is disclosed. The method may include receiving a request for presenting a redemption presentation of a virtual token and obtaining a merchant identifier associated with the request. The method may further include determining if the request is for one of an on-line transaction and a transaction with a point-of-sale terminal, and if the request is for a transaction with a point-of-sale terminal, then searching a database using the merchant identifier to find one or more redemption presentations of virtual token preferred by a merchant. Subsequently, the one or more redemption presentations of the virtual token may be transmitted over a computer network to a client device.

1 - 44 . (canceled) 
     
     
         45 . An electronic method for completing payment of a transaction with a mobile phone, the method comprising:
 storing financial account data on the mobile phone wherein the financial account data is capable of completing the transaction;   receiving a command to pay for the transaction with the mobile phone;   displaying a visual on a display device of the mobile phone that corresponds with the financial account data;   generating a machine readable code that allows for the transfer of at least a portion of the financial account data from the mobile phone to another machine; and   receiving a payment confirmation message with the mobile phone.   
     
     
         46 . The method of  claim 45 , wherein the visual on the display device comprises an image of a rectangular card and a name of a financial account provider. 
     
     
         47 . The method of  claim 46 , wherein the rectangular card comprises at least one of a credit card, a store value card, and a bank card, the store value card comprising at least one of a payroll card, government benefit card, prepaid debit card, a telephone card, and a merchant branded card. 
     
     
         48 . The method of  claim 45 , wherein the portion of the financial account data comprises numerical data. 
     
     
         49 . The method of  claim 48 , wherein the numerical data corresponds with an account number of a financial account. 
     
     
         50 . The method of  claim 49 , wherein the financial account comprises at least one of a credit card account, a store value account, and a bank account. 
     
     
         51 . The method of  claim 45 , further comprising orienting the mobile phone for optimal acquisition of the machine readable code. 
     
     
         52 . The method of  claim 51 , further comprising positioning the mobile phone within a predetermined distance of another machine for reception of the machine readable code. 
     
     
         53 . The method of  claim 52 , wherein the machine comprises a terminal for completing a financial transaction. 
     
     
         54 . The method of  claim 53 , wherein the terminal comprises a point-of-sale terminal. 
     
     
         55 . An electronic system for completing payment of a transaction with a mobile phone, the method comprising:
 a processor operable for:
 storing financial account data on the mobile phone wherein the financial account data is capable of completing the transaction; 
 receiving a command to pay for the transaction with the mobile phone; 
 displaying a visual on a display device of the mobile phone that corresponds with the financial account data; 
 generating a machine readable code that allows for the transfer of at least a portion of the financial account data from the mobile phone to another machine; and 
 receiving a payment confirmation message with the mobile phone. 
   
     
     
         56 . The system of  claim 55 , wherein the visual on the display device comprises an image of a rectangular card and a name of a financial account provider. 
     
     
         57 . The system of  claim 56 , wherein the rectangular card comprises at least one of a credit card, a store value card, and a bank card, the store value card comprising at least one of a payroll card, government benefit card, prepaid debit card, a telephone card, and a merchant branded card. 
     
     
         58 . The system of  claim 55 , wherein the portion of the financial account data comprises numerical data. 
     
     
         59 . The system of  claim 58 , wherein the numerical data corresponds with an account number of a financial account. 
     
     
         60 . The system of  claim 55 , wherein the financial account comprises at least one of a credit card account, a store value account, and a bank account. 
     
     
         61 . The system of  claim 55 , wherein the mobile phone is oriented for optimal acquisition of the machine readable code. 
     
     
         62 . The system of  claim 55 , wherein the mobile phone is positioned within a predetermined distance of another machine for reception of the machine readable code. 
     
     
         63 . The system of  claim 62 , wherein the machine comprises a terminal for completing a financial transaction. 
     
     
         64 . The system of  claim 63 , wherein the terminal comprises a point-of-sale terminal. 
     
     
         65 . An electronic method for completing payment of a transaction with a mobile phone, the method comprising:
 means for storing financial account data on the mobile phone wherein the financial account data is capable of completing the transaction;   means for receiving a command to pay for the transaction with the mobile phone;   means for displaying a visual on a display device of the mobile phone that corresponds with the financial account data;   means for generating a machine readable code that allows for the transfer of at least a portion of the financial account data from the mobile phone to another machine; and   means for receiving a payment confirmation message with the mobile phone.   
     
     
         66 . The system of  claim 65 , wherein the visual on the display device comprises an image of a rectangular card and a name of a financial account provider. 
     
     
         67 . The system of  claim 66 , wherein the rectangular card comprises at least one of a credit card, a store value card, and a bank card, the store value card comprising at least one of a payroll card, government benefit card, prepaid debit card, a telephone card, and a merchant branded card. 
     
     
         68 . The system of  claim 65 , wherein the portion of the financial account data comprises numerical data. 
     
     
         69 . The system of  claim 68 , wherein the numerical data corresponds with an account number of a financial account. 
     
     
         70 . A computer program product comprising a computer usable medium having a computer readable program code embodied therein, said computer readable program code adapted to be executed to implement an electronic method for completing payment of a transaction with a mobile phone, said method comprising:
 storing financial account data on the mobile phone wherein the financial account data is capable of completing the transaction;   receiving a command to pay for the transaction with the mobile phone;   displaying a visual on a display device of the mobile phone that corresponds with the financial account data;   generating a machine readable code that allows for the transfer of at least a portion of the financial account data from the mobile phone to another machine; and   receiving a payment confirmation message with the mobile phone.   
     
     
         71 . The computer program product of  claim 70 , wherein the visual on the display device comprises an image of a rectangular card and a name of a financial account provider. 
     
     
         72 . The computer program product of  claim 71 , wherein the rectangular card comprises at least one of a credit card, a store value card, and a bank card, the store value card comprising at least one of a payroll card, government benefit card, prepaid debit card, a telephone card, and a merchant branded card. 
     
     
         73 . The computer program product of  claim 70 , wherein the portion of the financial account data comprises numerical data. 
     
     
         74 . The computer program product of  claim 73 , wherein the numerical data corresponds with an account number of a financial account.