SYSTEM AND METHOD FOR A MULTIPLE MERCHANT STORED VALUE CARD
3 Assignments
0 Petitions
Accused Products
Abstract
The loyalty system allows a consumer to accumulate general loyalty points from one or more merchants, and convert any desired subset of general points to loyalty dollars associated with a specific merchant. The system stores, for each consumer, the merchant loyalty dollars (or monetary equivalent) by merchant within a remotely-accessible host database or within a smart card database. Upon conducting a purchase at a particular merchant, the consumer may utilize a code key to facilitate access to the consumer'"'"'s own loyalty dollars for the particular merchant. The loyalty dollars are then applied to the purchase transaction as a discount or rebate. The consumer may also re-load the merchant loyalty dollar accounts.
87 Citations
16 Claims
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1-7. -7. (canceled)
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8. An incentive engine configured to facilitate at least one of a allocation, conversion and redemption of loyalty points including:
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an enrollment module configured to enroll at least one of consumers and merchants;
an authentication module configured to authenticate consumer IDs;a participating merchant database in communication with said enrollment module; a conversion rules database configured to facilitate a conversion request; and
,a consumer accounts database having a loyalty point database and a plurality of merchant loyalty dollar databases configured to store loyalty points and merchant dollars. - View Dependent Claims (9, 10)
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11. An incentive engine configured to facilitate allocation, conversion, and redemption of loyalty points including:
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a processor and a memory; an enrollment module configured to enroll at least one of consumers and merchants; an authentication module configured to authenticate consumer IDs; a participating merchant database in communication with said enrollment module; a promotion rules database configured to determine if a reward or general loyalty points are earned based on purchase data; a conversion rules database configured to facilitate a conversion request for converting the general loyalty points into a specific first merchant loyalty dollar value or into a specific second merchant loyalty dollar value; a transfer module for transferring at least a portion of the second merchant value into the first merchant value for use in a purchase; and a consumer accounts database having a general loyalty point database and a plurality of merchant loyalty dollar value databases configured to store the general loyalty points and the specific merchant dollar values. - View Dependent Claims (12, 13, 14, 15, 16)
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Specification