POINT-OF-SALE PURCHASE SYSTEM AND METHOD WITH OPTION OF PAYMENT USING LOYALTY POINTS

Number of patents in Portfolio can not be more than 2000

United States of America Patent

APP PUB NO 20100057551A1
SERIAL NO

12200589

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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One representative embodiment provides for the use of frequent flyer miles awarded to a customer by an airline as currency/alternative card type at the point-of-sale. For example, a customer dining at a restaurant can be given the option of paying with frequent flyer miles in addition to other traditional payment types. In such an implementation, the merchant swipes the frequent flyer card at the point-of-sale; the ‘conversion’ of the cost of the goods/services into frequent flyer miles is displayed for the customer; and the customer has the choice of completing the payment by frequent flyer miles or other traditional payment types. Settlement then occurs between merchant and a card processor and the card processor and the airline, respectively.

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Patent Owner(s)

Patent OwnerAddress
U S BANK NATIONAL ASSOCIATIONU S BANCORP CENTER 800 NICOLLET MALL MINNEAPOLIS MN 55402

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Blaisdell, Beth A Roswell, US 1 67

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