Use of payment card rewards points for an electronic cash transfer
US10776809B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Oct 3, 2014 |
| Grant date | Sep 15, 2020 |
| Priority date | — |
| Expiry date | May 5, 2037 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/387
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A computer-implemented technique for applying rewards points associated with a payment card is disclosed. A computer system stores information associated with a person's payment card, such as a credit or debit card, including information indicative of rewards points associated with the card. The computer system then receives from a remote device a first message indicative of a transaction between the person and another entity. The transaction includes a payment of a specified amount from the person to the other entity. In some embodiments the transaction has already been completed, and the computer system causes rewards points to be applied to it post-transaction. In other embodiments the transaction has not yet been executed and may be a requested cash transfer. The computer system determines how many rewards points correspond to the specified amount and causes the rewards points to be used for at least a portion of the transaction amount.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.