Importance

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Abstract

Method for interactive collection, exchange and redemption of reward points relating to products or services including the step of identifying a user; retrieving a point balance corresponding to the user; offering a list of reward options to the user; receiving a selection option from the user corresponding to the list of reward options; prompting the user to input a bid value for the selected reward option; prompting the user to input a bid value for the selected reward option; receiving the bid value from the user corresponding to the selection option; deducting a bid fee from the point balance of the user; determining if the user's bid value is a winning bid value at a pre-determined time; and awarding the selection option to the user and deducting the bid value from the point balance, if the user's bid is the winning value. Interactive system for collection, exchange and redemption of reward points relating to products or services, having: a user interface; a point manager in communication with a personal data store and the user interface, wherein the point manager includes executable instructions for determining a user's point balance from the personal data store; and a redemption module in communication with the point manager, wherein the redemption module includes executable instructions for offering items for redemption to a user and determining a winning bid from a user.

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First Claim