Systems and methods for conducting person to person transactions using reward points

US11756113B2 · kind B2 · utility

Assignee

• JPMORGAN CHASE BANK, N.A. · US

Inventors

• David Christopher CAREY · Middletown, US
• Syed Rizwan ALI · Aston Mills, US
• Howard SPECTOR · Mount Salem, US
• Amit Rajwani · Voorhees, US
• Rajini KAKARLA · Bear, US
• Tuan Dao · Richardson, US
• Ashok Reddy · Nonatum Mills, US
• Mizan MIAH · Wilmington, US
• Sangameswara Rao PANCHOMARTHI · Bear, US

Key dates

• Filing date: Oct 1, 2020
• Grant date: Sep 12, 2023
• Expiry date: Oct 7, 2040

Classification

• Technology area (CPC H): Electricity
• CPC primary: H04L2209/56
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods for conducting person to person (P2P) transactions using points are disclosed. In one embodiment, in an information processing apparatus comprising at least one computer processor, a method for person-to-person reward points gifting may include: (1) receiving, from a bank customer, a request to issue a reward points gift to a gift recipient, the request identifying gift recipient contact information for the gift recipient and a reward points amount; (2) sending a notification to the gift recipient contact information for the gift recipient to log in a gift recipient account to redeem the reward points gift; and (3) transferring the reward points amount to a gift recipient reward points account.