Patent ID: 8510158

Claim:
A method for implementing an online reward redemption program, comprising: an exchange computer generating a reward redemption offer for purchase of an item from a merchant computer by a user based on information in a user profile stored in a user profile database, the reward redemption offer comprising a proposed reward redemption solution that designates a quantity of reward points from at least one of a plurality of reward accounts to be redeemed for at least partial payment for the item, and a first option to accept the proposed reward redemption solution and a second option to modify the proposed reward redemption solution; the exchange computer sending the reward redemption offer to a user computer for display to the user; the exchange computer receiving a purchase request from the user computer to execute the reward redemption offer for purchase of the item from the merchant computer via the exchange computer, the purchase request comprising an election of the first option to accept the proposed reward redemption solution or an election of the second option to modify the proposed reward redemption solution; and the exchange computer causing a purchase transaction to be executed for purchase of the item from the merchant computer in accordance with the purchase request by: the exchange computer requesting an issuer computer associated with the purchase request to: reduce a user reward account stored on the issuer computer by a quantity of reward points for execution of the purchase request, and convey consideration to the exchange computer corresponding to the quantity of reward points reduced in the user reward account; and the exchange computer conveying consideration to the merchant computer in exchange for providing the selected item to the user.