×

Method and system for issuing, aggregating and redeeming merchant loyalty points with an acquiring bank

  • US 20050021401A1
  • Filed: 04/28/2004
  • Published: 01/27/2005
  • Est. Priority Date: 06/23/1999
  • Status: Active Grant
First Claim
Patent Images

1. A method of operating a reward points system in conjunction with a network, the network interconnecting with a plurality of merchants and at least one acquiring bank for processing credit card transactions, the method comprising the steps of:

  • a. a user executing a purchase transaction with a merchant;

    b. the user presenting a token during the purchase transaction, the token having a user identification associated therewith;

    c. the merchant providing purchase transaction information to the acquiring bank via the network to enable the acquiring bank to add reward points to a merchant reward point account associated with the merchant and the user.

View all claims
  • 1 Assignment
Timeline View
Assignment View
    ×
    ×