Centralized consumer cash valve accumulation system for multiple merchants

  • US 5,117,355 A
  • Filed: 04/18/1990
  • Issued: 05/26/1992
  • Est. Priority Date: 01/27/1989
  • Status: Expired due to Term
First Claim
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1. A method of consumer cash value accumulation based upon point-of-sale transactions between consumers and merchants, the method comprising:

  • at the point-of-sale, obtaining from the consumer an account number unique to the consumer and the consumer'"'"'s birthdate;

    at a merchant location, determining a credit value for the transaction;

    providing to a central system for each transaction, the consumer'"'"'s account number and birthdate, and the credit value;

    for each transaction, accumulating, at the central system, cash value in a consumer account associated with that consumer'"'"'s account number and birthdate by adding the credit value to the cash value in that consumer account; and

    selecting at least one birthdate and providing for each consumer account associated with that birthdate access to funds in an amount based upon the cash value in that consumer account.

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