Patent ID: 8527331
Filing Date: 2013-09-03
Classification: G06Q

Abstract:
1. A computer based value exchange system, the value exchange system exchanging points from a first point system to second point system after receiving a request from a user having points in the first point system and desiring points in the second point system, the first point system being maintained by a first entity allocating points redeemable for merchandise or service being available for purchase from the first entity and the second point system being maintained by a second entity allocating points redeemable for merchandise or service being available for purchase from the second entity, the computer based value exchange system comprising: a broker computer coupled to the Internet and an automatic clearing house computer coupled to the Internet, wherein the automatic clearing house computer is functionally coupled to the broker computer, an account server of the first entity and an account server of the second entity and is configured to track payment transactions between the first entity and the second entity, and wherein the broker computer interfaces with the automatic clearing house computer to make and receive payments from the first entity and the second entity, wherein the broker computer is programmed to: wherein the automatic clearing house computer is programmed to: wherein the points in the second point system transferred to the user are capable of being redeemed for the merchandise or service being available for purchase from the second entity.