System and method for exchanging reward currency
US8433607B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | May 31, 2010 |
| Grant date | Apr 30, 2013 |
| Priority date | — |
| Expiry date | May 31, 2030 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q50/188
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Methods and systems are disclosed for allowing two users to exchange reward currency, such as points, between two different loyalty programs at an exchange rate that is set by and agreed upon by the users themselves. An offer to exchange X points of one loyalty program for Y points of another loyalty program is received from a user and is made available to other users. Another user satisfied with the offered exchange accepts the offer, and the account balances of the two users are adjusted. In some embodiments, a fee is charged to one or both of the users for effecting the trade. The fee is then forwarded to the loyalty programs. In other embodiments, the loyalty programs specify rules that must be complied with before a trade can occur.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.