Title:
POINT OF INTERACTION LOYALTY CURRENCY REDEMPTION IN A TRANSACTION
Document Type and Number:
WIPO Patent Application WO/2010/093893
Kind Code:
A3
Abstract:
Multiple different non-financial loyalty currencies held by different issuers are used by a consumer as financial tender for a transaction with a merchant. Each issuer pays to a primary issuer the financial currency value of the non- financial loyalty currencies being held in return for a corresponding reduction of the balance of non-financial loyalty currency. For each reduced balance, the primary issuer adds an equivalent primary loyalty currency to a primary loyalty account for the consumer. The primary issuer pays the merchant for the transaction in financial currency and makes an equivalent reduction in the balance of the primary loyalty currency. The financial value of each loyalty currency may be dependent upon its use in a transaction with a competitor of a merchant supplying loyalty currency to the consumer.
Inventors:
SALMON DIANE (US)
DAY MEARA (US)
AMARO LEIGH (US)
DAY MEARA (US)
AMARO LEIGH (US)
Application Number:
PCT/US2010/024057
Publication Date:
December 02, 2010
Filing Date:
February 12, 2010
Export Citation:
Assignee:
VISA USA INC (US)
SALMON DIANE (US)
DAY MEARA (US)
AMARO LEIGH (US)
SALMON DIANE (US)
DAY MEARA (US)
AMARO LEIGH (US)
International Classes:
G06Q20/00; G06Q40/00
Foreign References:
| US20080249861A1 | 2008-10-09 | |||
| KR100836484B1 | 2008-06-10 | |||
| KR20010083521A | 2001-09-01 | |||
| KR100717590B1 | 2007-05-15 |
Attorney, Agent or Firm:
DESANDRO, Bradley, K. (One Renaissance SquareTwo North Central Av, Phoenix AZ, US)
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