Systems and methods for redeeming rewards associated with accounts
First Claim
1. A method for redeeming rewards, the method comprising:
- receiving at a computer system having a processor a reward redemption request associated with an account, wherein the reward redemption request includes a reward amount required to be provided in order to receive a redemption;
determining with the computer system an award associated with the account, wherein the award comprises a current award level that can be applied to obtain a redemption if the current award level is at least equal to the reward amount;
determining with the computer system that the reward amount is greater than the current reward level associated with the account; and
when the reward amount is greater than current reward level, determining that the current reward level is likely to reach the reward amount in a certain time based at least in part on the activity of the account, and if so then satisfying the redemption request.
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0 Petitions
Accused Products
Abstract
Among other things, the present invention provides systems and methods for fulfilling reward redemptions. In some cases, the systems and methods receive redemption requests associated with an account. The redemption request can be satisfied from a reward associated with the account, or by accessing a reward associated with another account. Redeeming a reward from another account can involve transferring value from one account to another, or grouping the related accounts and allowing members of the group to perform the settlement function. Various of the systems and method further provide for performing automatic reward redemptions, either by an entity maintaining the account to which the reward is associated, or through use of a fulfillment entity.
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Citations
17 Claims
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1. A method for redeeming rewards, the method comprising:
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receiving at a computer system having a processor a reward redemption request associated with an account, wherein the reward redemption request includes a reward amount required to be provided in order to receive a redemption; determining with the computer system an award associated with the account, wherein the award comprises a current award level that can be applied to obtain a redemption if the current award level is at least equal to the reward amount; determining with the computer system that the reward amount is greater than the current reward level associated with the account; and when the reward amount is greater than current reward level, determining that the current reward level is likely to reach the reward amount in a certain time based at least in part on the activity of the account, and if so then satisfying the redemption request. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method for redeeming rewards, the method comprising:
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receiving at a computer system having a processor a reward redemption request, wherein the reward redemption request includes a reward amount required to be provided in order to receive a redemption; determining with the computer system an award associated with the account, wherein the award comprises a current award level that can be applied to obtain a redemption if the current award level is at least equal to the reward amount; identifying an account group to which the reward redemption request applies, wherein the account group includes at least a first account and a second account; determining the reward amount is greater than an accrued reward accessible via the account group; and when the reward amount is greater than current reward level, determining that the current reward level is likely to reach the reward amount in a certain time based at least in part on the activity in the account, and if so then satisfying the redemption request. - View Dependent Claims (9, 10, 11, 12, 13, 14, 15, 16, 17)
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Specification