WO2005091843A3 - Method and system for issuing, aggregating and redeeming merchant reward points with a credit card network - Google Patents

Method and system for issuing, aggregating and redeeming merchant reward points with a credit card network Download PDF

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Publication number
WO2005091843A3
WO2005091843A3 PCT/US2005/005126 US2005005126W WO2005091843A3 WO 2005091843 A3 WO2005091843 A3 WO 2005091843A3 US 2005005126 W US2005005126 W US 2005005126W WO 2005091843 A3 WO2005091843 A3 WO 2005091843A3
Authority
WO
WIPO (PCT)
Prior art keywords
merchant
user
reward points
credit card
reward
Prior art date
Application number
PCT/US2005/005126
Other languages
French (fr)
Other versions
WO2005091843A2 (en
Original Assignee
Postrel Richard
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Priority claimed from US10/791,149 external-priority patent/US7769630B2/en
Priority claimed from US10/835,550 external-priority patent/US7742943B2/en
Application filed by Postrel Richard filed Critical Postrel Richard
Publication of WO2005091843A2 publication Critical patent/WO2005091843A2/en
Publication of WO2005091843A3 publication Critical patent/WO2005091843A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/04—Payment circuits
    • G06Q20/06—Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/04—Payment circuits
    • G06Q20/06—Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme
    • G06Q20/065—Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme using e-cash
    • G06Q20/0655—Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme using e-cash e-cash managed centrally
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G06Q20/12—Payment architectures specially adapted for electronic shopping systems
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/387—Payment using discounts or coupons
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00—Commerce
    • G06Q30/02—Marketing; Price estimation or determination; Fundraising

Abstract

A loyalty reward point system that utilizes the preexisting infrastructure of network such as a credit card network. A user makes a purchase at a merchant using a token such as a credit card. As part of the purchase transaction, the user is awarded reward points from the merchant based on the purchase, which are stored in an account associated with the merchant and the user by a member bank of the credit card network, which may be an issuing bank or an acquiring bank. The reward account is maintained on the member bank server on behalf of the merchant and the user, and the number of reward points in the user's account for that merchant is increased accordingly. The user may redeem the reward points earned from the transaction with the merchant at a later time, or may redeem the points with another merchant in the same marketing cluster, or may aggregate those reward points with those of other merchants into a reward point exchange account, and then redeem the aggregated reward points for goods or services from any approved merchant on the network, depending on the configuration of the system.
PCT/US2005/005126 2004-03-01 2005-02-19 Method and system for issuing, aggregating and redeeming merchant reward points with a credit card network WO2005091843A2 (en)

Applications Claiming Priority (6)

Application Number Priority Date Filing Date Title
US10/791,149 US7769630B2 (en) 1999-06-23 2004-03-01 Method and system for issuing, aggregating and redeeming rewards based on merchant transactions
US10/791,149 2004-03-01
US55268904P 2004-03-12 2004-03-12
US60/552,689 2004-03-12
US10/835,550 2004-04-28
US10/835,550 US7742943B2 (en) 1999-06-23 2004-04-28 Method and system for issuing, aggregating and redeeming merchant loyalty points with an acquiring bank

Publications (2)

Publication Number Publication Date
WO2005091843A2 WO2005091843A2 (en) 2005-10-06
WO2005091843A3 true WO2005091843A3 (en) 2009-04-09

Family

ID=35056651

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2005/005126 WO2005091843A2 (en) 2004-03-01 2005-02-19 Method and system for issuing, aggregating and redeeming merchant reward points with a credit card network

Country Status (1)

Country Link
WO (1) WO2005091843A2 (en)

Families Citing this family (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
CA2591175C (en) 2006-06-08 2017-03-07 Edatanetworks Inc. Method, system and computer program for client acquisition
DE102006034889A1 (en) * 2006-07-25 2008-01-31 Peetz, Jürgen Method for temporal and quantitative limit provision for utilization of telecommunication network, involves transmitting multiple datasets assigned to user from server or another server or multiple servers at telecommunication device
RU2012113870A (en) 2009-09-10 2013-10-20 Виза Интернэшнл Сервис Ассосиэйшн INDEPENDENT NETWORK FOR ACCOUNTING AND REPAYMENT OF REVIEWS FINANCED BY TRADING ENTERPRISE
US10949870B2 (en) 2013-06-25 2021-03-16 Brian Booth Techniques for user-controlled real-time data processing
US11935100B2 (en) * 2021-04-27 2024-03-19 Capital One Services, Llc Database management for stored value mediums

Citations (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6594640B1 (en) * 1999-06-23 2003-07-15 Richard Postrel System for electronic barter, trading and redeeming points accumulated in frequent use reward programs

Patent Citations (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6594640B1 (en) * 1999-06-23 2003-07-15 Richard Postrel System for electronic barter, trading and redeeming points accumulated in frequent use reward programs

Also Published As

Publication number Publication date
WO2005091843A2 (en) 2005-10-06

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