SYSTEM AND METHOD FOR EXCHANGING LOYALTY POINTS FOR ACQUISITIONS
First Claim
1. A method comprising:
- transmitting, by a merchant server for automating a partial exchange of loyalty points, transaction data to a transaction account system server, wherein the transaction account server charges a transaction account for a transaction amount related to the transaction, and wherein the transaction data comprises account data associated with a transaction account; and
transmitting, by the merchant server, loyalty data to an exchange system server,wherein the exchange system server debits a loyalty account for the transaction, based on loyalty data corresponding to the transaction, by an amount of loyalty points equivalent to a currency value of a reimbursement amount that is a portion of a total amount of the transaction and, in response to the debiting, credits the transaction account by the reimbursement amount for the transaction.
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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.
129 Citations
20 Claims
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1. A method comprising:
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transmitting, by a merchant server for automating a partial exchange of loyalty points, transaction data to a transaction account system server, wherein the transaction account server charges a transaction account for a transaction amount related to the transaction, and wherein the transaction data comprises account data associated with a transaction account; and transmitting, by the merchant server, loyalty data to an exchange system server, wherein the exchange system server debits a loyalty account for the transaction, based on loyalty data corresponding to the transaction, by an amount of loyalty points equivalent to a currency value of a reimbursement amount that is a portion of a total amount of the transaction and, in response to the debiting, credits the transaction account by the reimbursement amount for the transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A system comprising:
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a tangible, non-transitory memory communicating with a processor for automating a partial exchange of loyalty points, the tangible, non-transitory memory having instructions stored thereon that, in response to execution by the processor, cause the processor to perform operations comprising; transmitting, by the processor, transaction data to a transaction account system server, wherein the transaction account server charges a transaction account for a transaction amount related to the transaction, and wherein the transaction data comprises account data associated with a transaction account; and transmitting, by the processor, loyalty data to an exchange system server, wherein the exchange system server debits a loyalty account for the transaction, based on loyalty data corresponding to the transaction, by an amount of loyalty points equivalent to a currency value of a reimbursement amount that is a portion of a total amount of the transaction and, in response to the debiting, credits the transaction account by the reimbursement amount for the transaction. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19)
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20. An article of manufacture including a non-transitory, tangible computer readable medium having instructions stored thereon that, in response to execution by a merchant computer-based system for automating a partial exchange of loyalty points, cause the merchant computer-based system to perform operations comprising:
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transmitting, by the merchant computer-based system, transaction data to a transaction account system server, wherein the transaction account server charges a transaction account for a transaction amount related to the transaction, and wherein the transaction data comprises account data associated with a transaction account; and transmitting, by the merchant computer-based system, loyalty data to an exchange system server, wherein the exchange system server debits a loyalty account for the transaction, based on loyalty data corresponding to the transaction, by an amount of loyalty points equivalent to a currency value of a reimbursement amount that is a portion of a total amount of the transaction and, in response to the debiting, credits the transaction account by the reimbursement amount for the transaction.
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Specification