System and method for redeeming vouchers
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United States of America Patent
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Aug 31, 2010
Issued Date -
N/A
app pub date -
Mar 3, 2003
filing date -
Jun 25, 2002
priority date (Note) -
In Force
status (Latency Note)
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Abstract
The invention includes an improved system and method for creating, distributing and storing vouchers. The method includes a loyalty system obtaining a loyalty card account having a unique identifier and loyalty points associated therewith, accessing a loyalty database utilizing the unique identifier, converting at least a portion of the loyalty points to a first value associated with a first merchant, saving the first value in a first database associated with the loyalty card, converting at least a portion of the loyalty points to a second value associated with a second merchant, saving the second value along with other voucher information as an electronic voucher in a second database associated with the loyalty card, redeeming the first value at a first merchant and redeeming the electronic voucher at a second merchant.
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