Patent ID: 8612290
Filing Date: 2013-12-17
Classification: G06Q,G07F

Abstract:
1. A method of operating a reward exchange computer comprising the steps of a reward exchange computer determining, by accessing a reward server computer, reward points previously stored on behalf of a user in a reward account; the reward exchange computer transmitting to a user computing device (i) a display of the reward points determined to be previously stored in the reward account and (ii) computer-based controls for a user via the user computing device to designate a quantity of the reward points from the reward account for exchange into a reward exchange account stored on the reward exchange computer; the reward exchange computer receiving instructions from the user operating the user computing device that designate the reward points from the reward account to be exchanged into the reward exchange account; the reward exchange computer exchanging, in real time response to receiving the instructions, the designated reward points from the reward account into the reward exchange account by the reward exchange computer receiving a payment request from a merchant computer for payment for a transaction with the user, the payment request including information for a portable token linked to the reward exchange account and presented by the user to the merchant computer for payment in the transaction, and the reward exchange computer, in response to the payment request, redeeming reward points from the reward exchange account and sending consideration to the merchant computer in response to the payment request.