Patent ID: 8321270
Filing Date: 2012-11-27
Classification: G06Q,G07F

Abstract:
1. An incentive engine configured to facilitate allocation, conversion, and redemption of loyalty points including: a processor and a memory; an enrollment module configured to enroll at least one of consumers and merchants; an authentication module configured to authenticate consumer IDs; a participating merchant database in communication with said enrollment module; a promotion rules database configured to determine if a reward or general loyalty points are earned based on purchase data; a conversion rules database configured to facilitate a conversion request for converting the general loyalty points into a specific first merchant loyalty dollar value or into a specific second merchant loyalty dollar value; a transfer module for transferring at least a portion of the second merchant value into the first merchant value for use in a purchase; and a consumer accounts database having a general loyalty point database and a plurality of merchant loyalty dollar value databases configured to store the general loyalty points and the specific merchant dollar values.