Patent ID: 8433607
Filing Date: 2013-04-30
Classification: G06Q

Abstract:
1. A method of facilitating a trade of a first reward currency issued by a first loyalty program and held by a member represented by a first user for a second reward currency issued by a second loyalty program and held by a member represented by a second user comprising the steps of: (a) electronically receiving an offer from said first user representing a first member having an account associated with said first loyalty program and an account associated with said second loyalty program, said offer comprising data specifying one quantity of reward currency of said first loyalty program and specifying another quantity of reward currency of said second loyalty program for which said user is willing to trade said one quantity; (b) making said offer available to a group of users including said second user; (c) electronically receiving an acknowledgement from said second user representing a second member having an account associated with said first loyalty program and an account associated with said second loyalty program, said acknowledgement comprising data specifying that said second user wishes to accept said offer; (d) decrementing said one quantity of reward currency from said first member's account associated with said first loyalty program and incrementing said one quantity of reward currency in said second member's account associated with said first loyalty program to establish new account balances for said first member's account associated with said first loyalty program and said second member's account associated with said first loyalty program; and (e) decrementing said another quantity of reward currency from said second member's account associated with said second loyalty program and incrementing said another quantity of reward currency in said first member's account associated with said second loyalty program to establish new account balances for said second member's account associated with said second loyalty program and said first member's account associated with said second loyalty program.