Conversion of non-negotiable credits to entity independent funds
First Claim
1. A method comprising:
- a computer, comprising hardware and software that is stored upon the hardware and that is able to be executed by the hardware, establishing a loyalty account for non-negotiable credits provided by an entity to an account holder, wherein the entity is a unit that has a legal and separately identifiable existence, wherein the entity is a financial institution, and wherein the non-negotiable credits are loyalty points of a loyalty program provided by the financial institution, wherein the account holder earns quantities of the loyalty points from the financial institution for usages by the account holder of financial services provided by the financial institution, wherein the non-negotiable credits have redemption restrictions imposed by the entity, wherein the entity restricts transfers of granted ones of the non-negotiable credits, wherein the transfer restrictions by the entity prevent the account holder from transferring granted ones of the non-negotiable credits in that user'"'"'s possession to others without permission from the entity;
the computer detecting interactions involving the account holder earning a quantity of non-negotiable credits by utilizing financial services provided by the financial institution, wherein the quantity of non-negotiable credits from the interactions are added to the loyalty account, wherein in absence of a conversion operation that converts the non-negotiable credits to entity independent funds, a commerce partner does not accept the non-negotiable credits for goods or services that the commerce partner provides, wherein the commerce partner does accept the entity independent funds for goods or services that the commerce partner provides, wherein the commerce partner is a unit that has a legal and separately identifiable existence, wherein the commerce partner is not the entity, wherein the commerce partner is associated with the entity in some commercial activity, wherein the conversion operation is explicitly permitted by terms of an agreement established between the entity and the commerce partner, wherein the entity independent funds not stored in the loyalty account, wherein the entity independent funds are independent of the redemption restrictions that were imposed upon the non-negotiable credits, wherein the entity independent funds are possessed by the account holder; and
the computer subtracting a quantity of the non-negotiable credits from the loyalty account, the subtracted quantity of non-negotiable credits corresponding to a quantity of entity independent funds resulting from the conversion operation that converts the non-negotiable credits to a quantity of the entity independent funds in accordance with terms of the agreement mutually established by the commerce partner and the entity, wherein the commerce partner is compensated by the entity for granting the entity independent funds to the account holder in exchange for non-negotiable credits.
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Accused Products
Abstract
In one embodiment, an account is established for non-negotiable credits provided by an entity to one or more users. Interactions that earn a quantity of non-negotiable credits are detected. The quantity of non-negotiable credits from the interactions is added to the account. The non-negotiable credits have redemption restrictions imposed by the entity. In absence of a conversion operation that converts the non-negotiable credits to entity independent funds, a commerce partner does not accept the non-negotiable credits for goods/services that it provides. A quantity of the non-negotiable credits is subtracted from the account. The subtracted quantity of non-negotiable credits corresponds to a quantity of entity independent funds resulting from the conversion operation that converts the non-negotiable credits to a quantity of the entity independent funds in accordance with agreement terms mutually established by the commerce partner and the entity. The commerce partner is compensated by the entity.
1270 Citations
20 Claims
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1. A method comprising:
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a computer, comprising hardware and software that is stored upon the hardware and that is able to be executed by the hardware, establishing a loyalty account for non-negotiable credits provided by an entity to an account holder, wherein the entity is a unit that has a legal and separately identifiable existence, wherein the entity is a financial institution, and wherein the non-negotiable credits are loyalty points of a loyalty program provided by the financial institution, wherein the account holder earns quantities of the loyalty points from the financial institution for usages by the account holder of financial services provided by the financial institution, wherein the non-negotiable credits have redemption restrictions imposed by the entity, wherein the entity restricts transfers of granted ones of the non-negotiable credits, wherein the transfer restrictions by the entity prevent the account holder from transferring granted ones of the non-negotiable credits in that user'"'"'s possession to others without permission from the entity; the computer detecting interactions involving the account holder earning a quantity of non-negotiable credits by utilizing financial services provided by the financial institution, wherein the quantity of non-negotiable credits from the interactions are added to the loyalty account, wherein in absence of a conversion operation that converts the non-negotiable credits to entity independent funds, a commerce partner does not accept the non-negotiable credits for goods or services that the commerce partner provides, wherein the commerce partner does accept the entity independent funds for goods or services that the commerce partner provides, wherein the commerce partner is a unit that has a legal and separately identifiable existence, wherein the commerce partner is not the entity, wherein the commerce partner is associated with the entity in some commercial activity, wherein the conversion operation is explicitly permitted by terms of an agreement established between the entity and the commerce partner, wherein the entity independent funds not stored in the loyalty account, wherein the entity independent funds are independent of the redemption restrictions that were imposed upon the non-negotiable credits, wherein the entity independent funds are possessed by the account holder; and the computer subtracting a quantity of the non-negotiable credits from the loyalty account, the subtracted quantity of non-negotiable credits corresponding to a quantity of entity independent funds resulting from the conversion operation that converts the non-negotiable credits to a quantity of the entity independent funds in accordance with terms of the agreement mutually established by the commerce partner and the entity, wherein the commerce partner is compensated by the entity for granting the entity independent funds to the account holder in exchange for non-negotiable credits. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method comprising:
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a computer, comprising hardware and software that is stored upon the hardware and that is able to be executed by the hardware, establishing a loyalty account for non-negotiable credits provided by an entity to an account holder, wherein the entity is a unit that has a legal and separately identifiable existence, wherein the non-negotiable credits are loyalty points of a loyalty program provided by the entity, wherein the account holder earns quantities of the loyalty points from the entity for usages by the account holder of a credit or debit card specifically identified with the loyalty program, which was issued to the account holder conditioned on the account holder being a member of the loyalty program of the entity, wherein the non-negotiable credits have redemption restrictions imposed by the entity, wherein the entity restricts transfers of granted ones of the non-negotiable credits, wherein the transfer restrictions by the entity prevent the account holder from transferring granted ones of the non-negotiable credits in that user'"'"'s possession to others without permission from the entity; the computer detecting interactions involving the account holder earning a quantity of non-negotiable credits by utilizing the credit or debit card specifically identified with the loyalty program, wherein the quantity of non-negotiable credits from the interactions are added to the loyalty account, wherein in absence of a conversion operation that converts the non-negotiable credits to entity independent funds, a commerce partner does not accept the non-negotiable credits for goods or services that the commerce partner provides, wherein the commerce partner does accept the entity independent funds for goods or services that the commerce partner provides, wherein the commerce partner is a unit that has a legal and separately identifiable existence, wherein the commerce partner is not the entity, wherein the commerce partner is associated with the entity in some commercial activity, wherein the conversion operation is explicitly permitted by terms of an agreement established between the entity and the commerce partner, wherein the entity independent funds not stored in the loyalty account, wherein the entity independent funds are independent of the redemption restrictions that were imposed upon the non-negotiable credits, wherein the entity independent funds are possessed by the account holder; and the computer subtracting a quantity of the non-negotiable credits from the loyalty account, the subtracted quantity of non-negotiable credits corresponding to a quantity of entity independent funds resulting from the conversion operation that converts the non-negotiable credits to a quantity of the entity independent funds in accordance with terms of the agreement mutually established by the commerce partner and the entity, wherein the commerce partner is compensated by the entity for granting the entity independent funds to the account holder in exchange for non-negotiable credits. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A method comprising:
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a computer, comprising hardware and software that is stored upon the hardware and that is able to be executed by the hardware, establishing an account for gambling credits provided by an entity to an account holder, wherein the entity is a unit that has a legal and separately identifiable existence, wherein the gambling credits are non-negotiable credits, wherein the non-negotiable credits have redemption restrictions imposed by the entity, wherein the entity restricts transfers of granted ones of the non-negotiable credits, wherein the transfer restrictions by the entity prevent the account holder from transferring granted ones of the non-negotiable credits in that user'"'"'s possession to others without permission from the entity; the computer detecting gambling interactions involving the account holder earning a quantity of the gambling credits, wherein the quantity of the gambling credits from the interactions are added to the account, wherein in absence of a conversion operation that converts the gambling credits to entity independent funds, a commerce partner does not accept the gambling credits for goods or services that the commerce partner provides, wherein the commerce partner does accept the entity independent funds for goods or services that the commerce partner provides, wherein the commerce partner is a unit that has a legal and separately identifiable existence, wherein the commerce partner is not the entity, wherein the commerce partner is associated with the entity in some commercial activity, wherein the conversion operation is explicitly permitted by terms of an agreement established between the entity and the commerce partner, wherein the entity independent funds not stored in the account, wherein the entity independent funds are independent of the redemption restrictions that were imposed upon the gambling credits, wherein the entity independent funds are possessed by the account holder; and the computer subtracting a quantity of the gambling credits from the account, the subtracted quantity of non-negotiable credits corresponding to a quantity of entity independent funds resulting from the conversion operation that converts the gambling credits to a quantity of the entity independent funds in accordance with terms of the agreement mutually established by the commerce partner and the entity, wherein the commerce partner is compensated by the entity for granting the entity independent funds to the account holder in exchange for gambling credits. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification