Patent ID: 8265993

Claim:
A method comprising: receiving, by a computer for converting loyalty points and through a webpage, a selection to apply said loyalty points as a monetary value to a first transaction, wherein said first transaction is a previously executed charge and appears on a billing statement including a plurality of transactions of previously executed charges; displaying, by said computer and through said webpage, a fillable form to provide transaction information in response to said selection from said participant to apply said loyalty points as said monetary value; receiving, by said computer, a first merchant name, a transaction account type, and a transaction amount level via said fillable form; identifying, by said computer, said first transaction based on said merchant name, said transaction account type, and said transaction amount level; performing, by said computer, an analysis of said first transaction identified in said fillable form to determine a conversion ratio based on a second merchant identifier, and said transaction account type; converting, by said computer, said loyalty points to a currency value, wherein said conversion is based on said conversion ratio; applying, by said computer in real time, said currency value as a credit for said first transaction to a financial account; and offsetting, by said computer and over said web interface and in real time, said previously executed charge with said currency value.