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Web based conversion of non-negotiable credits associated with an entity to entity independent negotiable funds

  • US 7,703,673 B2
  • Filed: 05/25/2006
  • Issued: 04/27/2010
  • Est. Priority Date: 05/25/2006
  • Status: Active Grant
First Claim
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1. A method for converting credits to funds comprising:

  • a Web site receiving user identification information;

    identifying entertainment credits from a game of chance associated with an entity with which said user has previously interacted, the previous interactions earning the entertainment credits, which are non-negotiable credits;

    responsive to a user request, a conversion agency converting a quantity of the entertainment credits to a quantity of negotiable funds, wherein the conversion agency is not directly associated with the entity; and

    permitting the user to access the quantity of negotiable funds, wherein the quantity of negotiable funds are able to be applied to user specified purchases, wherein at least a portion of said purchases involve at least one vender that does not honor the non-negotiable, entertainment credits.

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