METHOD AND SYSTEM FOR SIMULTANEOUS AWARDING AND REDEEMING OF REWARD POINTS AT THE POINT OF SALE
First Claim
1. A method for providing a purchase discount to a consumer comprising:
- a consumer presenting to a merchant computer associated with a merchant an item for purchase at a regular purchase price;
the merchant computer applying a discount to the regular purchase price to generate a discounted purchase price, the discount obtained by a computer-implemented process of simultaneous awarding and redeeming instant reward points with an issuer computer via an exchange computer; and
the merchant computer completing the purchase transaction for the item with the consumer by using the discounted purchase price.
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Abstract
A method and system for providing a purchase discount to a consumer. The system includes an exchange computer, a merchant computer associated with a merchant and interconnected with the exchange computer via a computer network, and an issuer computer associated with an issuer and interconnected with the exchange computer via the computer network. A consumer presents to the merchant computer an item for purchase at a regular purchase price. The merchant computer applies a discount to the regular purchase price to generate a discounted purchase price, the discount obtained by a computer-implemented process of simultaneous awarding and redeeming instant reward points with the issuer computer via an exchange computer. The merchant computer then completes the purchase transaction for the item with the consumer by using the discounted purchase price.
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Citations
57 Claims
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1. A method for providing a purchase discount to a consumer comprising:
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a consumer presenting to a merchant computer associated with a merchant an item for purchase at a regular purchase price; the merchant computer applying a discount to the regular purchase price to generate a discounted purchase price, the discount obtained by a computer-implemented process of simultaneous awarding and redeeming instant reward points with an issuer computer via an exchange computer; and the merchant computer completing the purchase transaction for the item with the consumer by using the discounted purchase price. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30)
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31. A system for providing a purchase discount to a consumer comprising:
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an exchange computer; a merchant computer associated with a merchant and interconnected with the exchange computer via a computer network; and an issuer computer associated with an issuer and interconnected with the exchange computer via the computer network; wherein the merchant computer is programmed to, on presentment to the merchant computer by a consumer of an item for purchase at a regular purchase price; apply a discount to the regular purchase price to generate a discounted purchase price, the discount obtained by a computer-implemented process of simultaneous awarding and redeeming instant reward points with the issuer computer via the exchange computer, and complete the purchase transaction for the item with the consumer by using the discounted purchase price. - View Dependent Claims (32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57)
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Specification