REDEMPTION OF REWARD UNITS FOR TRANSACTIONAL ACCOUNTS
First Claim
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1. A system for providing rewards for use of a transactional account, comprising:
- a transactional system that receives a request for an activity by a holder of the transactional account and that generates an indication signal when the activity is relevant to the reward units; and
a processing system that determines a number of reward units for a given activity where the transactional account is used for payment, that adds the determined number of reward units to a cumulative amount maintained for the account holder, that receives the indication that the account holder has initiated an activity for which the reward units are applicable, and that automatically decreases the cumulative amount by a number of reward units necessary to the cover the activity without the account holder requesting that reward units be redeemed to cover the activity.
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Accused Products
Abstract
Reward units accrued for use of a transactional account to pay for purchases are redeemed to cover any cost associated with activities initiated by an account holder where reward units are applicable to those activities. The redemption occurs as an automatic process in response to the account holder initiating the activity and without requiring the account holder to request that redemption occur. Accordingly, the account holder is not required to recall that reward units are applicable for the activity and is not required to request that the reward units be applied to cover any cost associated with the activity.
84 Citations
20 Claims
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1. A system for providing rewards for use of a transactional account, comprising:
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a transactional system that receives a request for an activity by a holder of the transactional account and that generates an indication signal when the activity is relevant to the reward units; and a processing system that determines a number of reward units for a given activity where the transactional account is used for payment, that adds the determined number of reward units to a cumulative amount maintained for the account holder, that receives the indication that the account holder has initiated an activity for which the reward units are applicable, and that automatically decreases the cumulative amount by a number of reward units necessary to the cover the activity without the account holder requesting that reward units be redeemed to cover the activity. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A computer readable medium having instructions that are executed by a computer to perform acts comprising:
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receiving a request for an activity by a holder of the transactional account; generating an indication signal when the activity is relevant to the reward units; determining a number of reward units for a given activity where the transactional account is used for payment; adding the determined number of reward units to a cumulative amount maintained for the account holder; receiving the indication that the account holder has initiated an activity for which the reward units are applicable; and automatically decreasing the cumulative amount by a number of reward units necessary to the cover the activity without the account holder requesting that reward units be redeemed to cover the activity. - View Dependent Claims (10, 11, 12, 13, 14)
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15. A method of providing rewards for use of a transactional account, comprising:
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receiving a request for an activity by a holder of the transactional account; generating an indication signal when the activity is relevant to the reward units; determining a number of reward units for a given activity where the transactional account is used for payment; adding the determined number of reward units to a cumulative amount maintained for the account holder; receiving the indication that the account holder has initiated an activity for which the reward units are applicable; and automatically decreasing the cumulative amount by a number of reward units necessary to the cover the activity without the account holder requesting that reward units be redeemed to cover the activity. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification