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

  • US 20050149394A1
  • Filed: 03/25/2004
  • Published: 07/07/2005
  • Est. Priority Date: 06/23/1999
  • Status: Active Grant
First Claim
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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 issuing bank for issuing a credit card to a user, 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 issuing bank via the network to enable the issuing bank to add reward points to a merchant reward point account associated with the merchant and the user.

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