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Pre-existing liability payment and reward system and method of use

  • US 20090083153A1
  • Filed: 06/05/2008
  • Published: 03/26/2009
  • Est. Priority Date: 06/05/2008
  • Status: Active Grant
First Claim
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1. A pre-existing liability payment and reward system comprising:

  • a user communication module in operative communication with each of at least one pre-existing liability holder and at least one merchant associated therewith;

    a merchant communication module that operates to transact with the user communication module in operative communication with at least one user communication module and a processing communication module associated therewith;

    a processing communication module that operates to communicate with the merchant communication module and a provider communication module;

    a provider calculation module that operates to determine a reward resulting from a transaction and is in operative communication with a provider communication module;

    a provider communication module in operative communication with and adapted to communicate with each of the provider calculation module, and a system communication module;

    a system calculation module that operates to determine a reward resulting from a transaction and is operative communication with a system communication module;

    a system communication module in operative communication and adapted to communicate with each of at least one system calculation module and at least one holder communication module;

    a holder calculation module adapted to manage at least one pre-existing liability holder user account and in operative communication with a holder communication module; and

    a holder communication module in operative communication with and adapted to communicate with each of at least one user communication module and the system communication module.

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