SYSTEM AND METHOD FOR EXCHANGING LOYALTY POINTS FOR ACQUISITIONS
3 Assignments
0 Petitions
Accused Products
Abstract
Systems and methods are provided for facilitating an acquisition from a merchant, whereby payment for the acquisition is made at least partially through automated redemption of loyalty points from a loyalty account. In particular, information is received at a loyalty point exchange system from the merchant. The information may include loyalty data indicating that the acquisition was paid for using a transaction card account that is to be reimbursed using loyalty points from the loyalty account. The loyalty account is debited by an amount equal to a currency value of the acquisition and the transaction card account is credited the amount charged for the acquisition. Loyalty points may, alternatively, be used to directly pay for purchases without the steps of charging and crediting a transaction card.
205 Citations
35 Claims
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1-15. -15. (canceled)
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16. A method for automating at least a partial exchange of loyalty points in at least one loyalty account for an acquisition amount, relating to an acquisition, charged to at least one transaction card account by a merchant, the method comprising the steps of:
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receiving account data related to the at least one transaction card account from a user;
offering, by the merchant, an option of paying for the acquisition at least partially using the loyalty points from the at least one loyalty account;
the merchant transmitting transaction data to a transaction account system configured to charge the at least one transaction card account for the acquisition amount of the acquisition, wherein the transaction data comprises the account data;
the merchant transmitting loyalty data to an exchange system configured to perform the steps of;
debiting the at least one loyalty account for the acquisition, based on loyalty data corresponding to the acquisition, by an amount of loyalty points equivalent to a currency value of a reimbursement amount that is at least a portion of a total amount of the acquisition; and
crediting the at least one transaction card account by the reimbursement amount for the acquisition. - View Dependent Claims (17, 18, 19, 20, 21, 22, 23, 24)
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25. A method for automating at least a partial exchange of loyalty points in at least one loyalty account for an acquisition amount, relating to an acquisition, the method comprising the steps of:
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receiving account data related from a user;
offering, by the merchant, an option of paying for the acquisition using the loyalty points from the at least one loyalty account;
the merchant transmitting loyalty data to an exchange system configured to perform the step of;
debiting the at least one loyalty account for the acquisition, based on loyalty data corresponding to the acquisition, by an amount of loyalty points equivalent to a currency value of a reimbursement amount that is the total acquisition amount. - View Dependent Claims (26, 27, 28, 29, 30)
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31. A method for facilitating purchase of an event ticket from a merchant, wherein the merchant offers a purchaser a selection of tickets for purchase using at least one transaction card account, and wherein the merchant offers an option of paying for the event ticket at least partially using loyalty points from at least one loyalty account, the method comprising the steps of:
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receiving account data related to the at least one transaction card account from the purchaser;
offering, by the merchant, an option of paying for the event ticket at least partially using the loyalty points from the at least one loyalty account;
the merchant transmitting transaction data to a transaction account system configured to charge the at least one transaction card account for the acquisition amount of the event ticket, wherein the transaction data comprises the account data;
the merchant transmitting loyalty data to an exchange system configured to perform the steps of;
debiting the at least one loyalty account for the event ticket, based on loyalty data corresponding to the acquisition, by an amount of loyalty points equivalent to a currency value of a reimbursement amount that is at least a portion of a total amount of the event ticket; and
crediting the at least one transaction card account by the reimbursement amount for the event ticket. - View Dependent Claims (32, 33, 34, 35)
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Specification