Point of sale device for online reward point exchange method and system
First Claim
1. A method for executing a purchase transaction for an item comprising a point of sale device performing the steps of:
- a) inputting item information associated with an item to be purchased by a user;
b) inputting a user ID associated the user;
c) transmitting the user ID and the item information to an exchange computer via a computer network;
d) receiving from the exchange computer a promotional wallet associated with the user ID, said promotional wallet indicating (i) a plurality of reward accounts associated with the user and a quantity of reward points stored in each of the plurality of reward accounts, and (ii) a proposed reward redemption solution automatically generated by the exchange computer that designates a quantity of reward points from at least one of the plurality of reward accounts proposed by the exchange computer to be redeemed for at least partial payment for the item;
e) displaying to the user the promotional wallet and a first option to accept the proposed reward redemption solution and a second option to modify the proposed reward redemption solution;
f) inputting a redemption selection based on the promotional wallet, said redemption selection comprising an election of the first option to accept the proposed reward redemption solution or an election of the second option to modify the proposed reward redemption solution; and
g) causing a purchase transaction to be executed for the item selected by the user by using the reward points indicated in the redemption selection towards payment for the item.
1 Assignment
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Accused Products
Abstract
An online reward exchange system and method of operation, which includes an exchange computer that interoperates via a computer network with user computers, reward point issuer computers, and merchant computers. The merchants'"'"' products may be purchased by a user by requesting via a user computer, merchant'"'"'s point of sale device, or mobile device an issuer(s) to redeem reward points in exchange for payment to the merchant for the product. The exchange computer is the gateway to the system and manages various transactions such as providing online product catalogs to users that list the merchants products, as well as displaying to the user the reward points he has available in his reward programs with the issuers. Once a user selects a desired product the exchange computer can mediate or manage the purchase transaction in which reward points are redeemed by the selected issuer and consideration is conveyed to the merchant in exchange for the merchant providing the product to the user.
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Citations
71 Claims
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1. A method for executing a purchase transaction for an item comprising a point of sale device performing the steps of:
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a) inputting item information associated with an item to be purchased by a user; b) inputting a user ID associated the user; c) transmitting the user ID and the item information to an exchange computer via a computer network; d) receiving from the exchange computer a promotional wallet associated with the user ID, said promotional wallet indicating (i) a plurality of reward accounts associated with the user and a quantity of reward points stored in each of the plurality of reward accounts, and (ii) a proposed reward redemption solution automatically generated by the exchange computer that designates a quantity of reward points from at least one of the plurality of reward accounts proposed by the exchange computer to be redeemed for at least partial payment for the item; e) displaying to the user the promotional wallet and a first option to accept the proposed reward redemption solution and a second option to modify the proposed reward redemption solution; f) inputting a redemption selection based on the promotional wallet, said redemption selection comprising an election of the first option to accept the proposed reward redemption solution or an election of the second option to modify the proposed reward redemption solution; and g) causing a purchase transaction to be executed for the item selected by the user by using the reward points indicated in the redemption selection towards payment for the item. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 69)
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18. A point of sale device comprising:
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A) an input device for inputting information from a user; B) a display; C) a data connection to a computer network; and D) a processor programmed to a) receive via the input device item information associated with an item to be purchased by the user; b) receive via the input device item a user ID associated with the user; c) transmit the user ID and the item information to an exchange computer via the data connection; d) receive from the exchange computer via the data connection a promotional wallet associated with the user ID, said promotional wallet indicating (i) a plurality of reward accounts associated with the user and a quantity of reward points stored in each of the plurality of reward point accounts, and (ii) a proposed reward redemption solution automatically generated by the exchange computer that designates a quantity of reward points from at least one of the plurality of reward accounts proposed by the exchange computer to be redeemed for at least partial payment for the item; e) display to the user the promotional wallet and a first option to accept the proposed reward redemption solution and a second option to modify the proposed reward redemption solution; f) receive via the input device a redemption selection based on the promotional wallet, said redemption selection comprising an election of the first option to accept the proposed reward redemption solution or an election of the second option to modify the proposed reward redemption solution; and g) cause a purchase transaction to be executed for the item selected by the user by using the reward points indicated in the redemption selection towards payment for the item. - View Dependent Claims (19, 20, 21, 22, 23, 24, 25, 26, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 70)
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27. A reward exchange system comprising:
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a) an exchange computer; b) a merchant computer associated with a merchant and selectively interconnected to the exchange computer via a computer network; c) a plurality of issuer computers, each of said issuer computers associated with one of a plurality of reward points issuers and selectively interconnected to the exchange computer via a computer network; and d) a point of sale device operably associated with the merchant computer, said point of sale device comprising; A) an input device for inputting information from a user; B) a display; C) a data connection to the computer network; and D) a processor programmed to a) receive via the input device item information associated with an item to be purchased by the user; b) receive via the input device item a user ID associated with the user; c) transmit the user ID and the item information to the exchange computer via the data connection; d) receive from the exchange computer via the data connection a promotional wallet associated with the user ID, said promotional wallet indicating (i) a plurality of reward accounts associated with the user and a quantity of reward points stored in each of the plurality of reward point accounts, and (ii) a proposed reward redemption solution automatically generated by the exchange computer that designates a quantity of reward points from at least one of the plurality of reward accounts proposed by the exchange computer to be redeemed for at least partial payment for the item; e) display to the user the promotional wallet and a first option to accept the proposed reward redemption solution and a second option to modify the proposed reward redemption solution; f) receive via the input device a redemption selection based on the promotional wallet, said redemption selection comprising an election of the first option to accept the proposed reward redemption solution or an election of the second option to modify the proposed reward redemption solution; and g) cause a purchase transaction to be executed for the item selected by the user by using the reward points indicated in the redemption selection towards payment for the item. - View Dependent Claims (28, 29, 30, 31, 32, 33, 34, 35, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 71)
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Specification