08401898 is referenced by 57 patents and cites 8 patents.

The present invention involves spending loyalty points over a computerized network to facilitate a transaction. With this system, a loyalty program participant is able to use an existing transaction card to purchase an item over a computerized network, while at the same time offsetting the cost of that transaction by converting loyalty points to a currency value credit and having the credit applied to the participant's financial transaction account. Currency credit from converted loyalty points may also be applied to stored value cards, online digital wallet accounts and the like. Further, currency credit may also be applied to other accounts to effect a gift or donation.

Title
System and method for using loyalty rewards as currency
Application Number
13/587486
Publication Number
8401898 (B2)
Application Date
August 16, 2012
Publication Date
March 19, 2013
Inventor
Ray Preston
Peoria
AZ, US
Jon W Parson
Mesa
AZ, US
Al Kinderknecht
Scottsdale
AZ, US
C R Balagopal
Litchfield Park
AZ, US
Jill Wiseman
New York
NY, US
Daniela Saunders
New York
NY, US
Trish Sanchez
Highland Park
NJ, US
Emily Chien
New York
NY, US
Agent
Snell & Wilmer L
Assignee
American Express Travel Related Services Company
NY, US
IPC
G06Q 30/00
View Original Source