Brokering Loyalty Points

• US 20080120221A1
• Filed: 07/20/2007
• Published: 05/22/2008
• Est. Priority Date: 11/22/2006
• Status: Abandoned Application

• Current Assignee: Global Info Tech Services Pty Limited
• Original Assignee: Global Info Tech Services Pty Limited
• Inventors: Toneguzzo, Steve
• Application Number:
  US11/780,481
• Publication Number:
  US 20080120221A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

Provided are business methods pertaining to a clearinghouse or brokerage that converts loyalty points to a currency (known or invented, real or virtual) in order to reduce the loyalty points liability of a corporation.

Claims

1. A method for an agency to administer a brokering of loyalty points, for financial gain, comprising the steps of:

(a) obtaining a variety of loyalty points from a user;

(b) performing a conversion of points to a pseudo currency that is accepted by an organisation that trades in goods or services or gaming or lottery or gambling;

(c) returning the pseudo currency to the user from which loyalty points were obtained; and

(d) obtaining a fee for the conversion.

2. The method of claim 1, wherein:

the agency provides banking and related services in the pseudo currency.

3. The method of claim 1, wherein,

the pseudo currency applies to a region.

4. The method of claim 3, wherein,

the region is a state or province or country.

5. The method of claim 1, wherein,

the pseudo currency is a game-based-currency.

6. The method of claim 1, wherein,

the agency converts more than one type of royalty points into the pseudo currency.

7. The method of claim 1, wherein,

the pseudo currency is a gaming voucher.

8. The method of claim 1, wherein,

the pseudo currency is accepted by a different organisation.