System and method for a multiple merchant stored value card
First Claim
1. A system comprising:
- an incentive processor configured to facilitate allocation of loyalty points;
a tangible, non-transitory memory configured to communicate with the processor;
a conversion rules database configured to convert general loyalty points into a first merchant loyalty dollar value;
a conversion rules database configured to convert general loyalty points into a second merchant loyalty dollar value; and
a consumer accounts database having a general loyalty point database configured to store the general loyalty points and a plurality of merchant loyalty dollar value databases configured to store the first merchant loyalty dollar value and the second merchant loyalty dollar value.
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.
60 Citations
20 Claims
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1. A system comprising:
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an incentive processor configured to facilitate allocation of loyalty points; a tangible, non-transitory memory configured to communicate with the processor; a conversion rules database configured to convert general loyalty points into a first merchant loyalty dollar value; a conversion rules database configured to convert general loyalty points into a second merchant loyalty dollar value; and a consumer accounts database having a general loyalty point database configured to store the general loyalty points and a plurality of merchant loyalty dollar value databases configured to store the first merchant loyalty dollar value and the second merchant loyalty dollar value. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A method comprising:
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converting, by a computer-based system for allocating points, general loyalty points into a first merchant loyalty dollar value; converting, by a computer-based system for allocating points, general loyalty points into a second merchant loyalty dollar value; and storing, by the computer-based system and in a consumer accounts database, the general loyalty points, the first merchant loyalty dollar value, and the second merchant loyalty dollar value. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18, 19)
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20. An article of manufacture including a non-transitory, tangible computer readable storage medium having instructions stored thereon that, in response to execution by a computer-based incentive system for allocating points, cause the computer-based system to be capable of performing operations comprising:
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converting, by a computer-based system for allocating points, general loyalty points into a first merchant loyalty dollar value; converting, by a computer-based system for allocating points, general loyalty points into a second merchant loyalty dollar value; and storing, by the computer-based system and in a consumer accounts database, the general loyalty points, the first merchant loyalty dollar value, and the second merchant loyalty dollar value.
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Specification