Invention Grant
- Patent Title: Online reward point exchange method and system with user bids of rewards for purchase of a product
- Patent Title (中): 在线奖励点交换方法和系统,用户购买产品的奖励
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Application No.: US13495511Application Date: 2012-06-13
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Publication No.: US08510159B2Publication Date: 2013-08-13
- Inventor: Richard Postrel
- Applicant: Richard Postrel
- Applicant Address: US FL Miami Beach
- Assignee: Signature Systems LLC
- Current Assignee: Signature Systems LLC
- Current Assignee Address: US FL Miami Beach
- Agency: Barkume & Associates, P.C.
- Main IPC: G06Q30/00
- IPC: G06Q30/00 ; G05B19/418

Abstract:
An online reward exchange system and method of operation, which includes an exchange computer that interoperates via a computer network with user computers, reward point issuer computers, and merchant computers. The merchants' products may be purchased by a user by requesting an issuer(s) to redeem reward points in exchange for payment to the merchant for the product. The exchange computer is the gateway to the system and manages various transactions such as providing online product catalogs to users that list the merchants products, as well as displaying to the user the reward points he has available in his reward programs with the issuers. Once a user selects a desired product the exchange computer can mediate or manage the purchase transaction in which reward points are redeemed by the selected issuer and consideration is conveyed to the merchant in exchange for the merchant providing the product to the user.
Public/Granted literature
- US20120303437A1 ONLINE REWARD POINT EXCHANGE METHOD AND SYSTEM WITH USER BIDS OF REWARDS FOR PURCHASE OF A PRODUCT Public/Granted day:2012-11-29
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