SYSTEM AND METHOD FOR A MULTIPLE MERCHANT STORED VALUE CARD

摘要

The loyalty system allows a consumer to accumulate general loyalty points from one or more merchants, and convert any desired subset of general points to loyalty dollars associated with a specific merchant. The system stores, for each consumer, the merchant loyalty dollars (or monetary equivalent) by merchant within a remotely-accessible host database or within a smart card database. Upon conducting a purchase at a particular merchant, the consumer may utilize a code key to facilitate access to the consumer's own loyalty dollars for the particular merchant. The loyalty dollars are then applied to the purchase transaction as a discount or rebate. The consumer may also re-load the merchant loyalty dollar accounts.

主权项

1. A system comprising:
an incentive processor configured to facilitate allocation of loyalty points; a tangible, non-transitory memory configured to communicate with the processor; a conversion rules database configured to convert general loyalty points into a first merchant loyalty dollar value, wherein the first merchant loyalty dollar value is used by a consumer to purchase items from a first merchant; the conversion rules database configured to convert general loyalty points into a second merchant loyalty dollar value, wherein the second merchant loyalty dollar value is used by the consumer to purchase items from a second merchant.