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System and method for express redemption of accrued rewards

  • US 20070260509A1
  • Filed: 12/22/2005
  • Published: 11/08/2007
  • Est. Priority Date: 12/22/2005
  • Status: Abandoned Application
First Claim
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1. A method of redeeming, across a computer network, accrued rewards from a loyalty transaction account for a benefit, in connection with use of a financial transaction instrument, the method comprising the steps of:

  • linking the financial transaction instrument to be used by a customer to the loyalty transaction account of the customer;

    receiving from the customer a request to redeem rewards from the loyalty transaction account for the benefit;

    automatically authorizing use of the financial transaction instrument to fulfill the benefit requested by the customer;

    recognizing, across the computer network, fulfillment of the benefit by the merchant through the use of the financial transaction instrument to obtain the benefit; and

    automatically updating the loyalty transaction account to reflect fulfillment of the benefit obtained by the customer.

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