Patent ID: 7788129

Claim:
A method utilizing a computer system for facilitating redemption of vouchers including: accessing, by said computer system for facilitating said redemption of said vouchers, a loyalty database stored in said computer system utilizing a unique identifier, said loyalty database including general loyalty points, wherein a loyalty account includes said unique identifier and said general loyalty points associated therewith, said general loyalty points not being associated with a specific merchant; converting, by said computer system, at least a portion of said general loyalty points to a first value associated with a specific first merchant; saving, by said computer system, said first value in a first database in said computer system associated with said loyalty account; converting, by said computer system, at least a portion of said general loyalty points to a second value associated with a specific second merchant; saving, by said computer system, at least a portion said second value along with voucher information as an electronic voucher in a second database in said computer system associated with said loyalty account; redeeming, by said computer system, said electronic voucher and said first value for a product offered by said second merchant, wherein said redeeming includes: receiving by said computer system purchase data including purchase price, applying said second value associated with said electronic voucher towards said purchase price, transferring at least some of said first value stored in said computer system to said second value, applying said second value that is the result of the transfer from said first value towards said purchase price, and outputting a resultant balance of said purchase price.