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| System and method of targeted marketing |
| OF THE PREFERRED EMBODIMENT Referring to FIG. 1, the overall conceptual framework of the present ... |
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| System configuration proposal method and tool therefor |
| It is an object of the invention to provide a system configuration evaluation/proposal support ... |
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| Financial instruments and systems |
| I claim: 1. A financial services system comprising: first means operative to issue to each of a ... |
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| System and method for financial instrument modeling and valuation |
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| Online sales risk management system |
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| Intelligent television receiver and method of processing data therein |
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System for electronic barter, trading and redeeming points accumulated in frequent use reward programs
| Details |
Inventors: Postrel, Richard;
Assignee: Signature Systems, LLC (Miami Beach, FL)
Primary Examiner: Diaz; Susanna M.
Assistant Examiner:
Attorney, Agent or Firm: Anthony R, Barkume, P.C.
A system and method for operating a reward points accumulation and redemption program wherein a user earns reward points from a plurality of independent reward points issuing entities, with each tracking the user's earned reward points in a user reward point account stored on a rewards server (such as a frequent flyer account or a credit card loyalty account). A trading server accumulates some or all of the user's earned reward points from the reward servers and credits the accumulated points into a single reward exchange account associated with the user. The user may then select an item for purchase with the accumulated reward points. The item is provided to the user in exchange for a subset or all of the reward points. |
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DETAILED DESCRIPTION OF THE PREFERRED EMBODIMENT With reference to FIG.
4, a plurality of reward server computers 10, 12, 14, a trading server 20, a merchant computer 30 and a user computer 40 are shown in communication with a network 2.
The network may comprise any type of communication process where computers may contact each other.
The present invention will be described with respect to an Internet-based network where the reward server computer 10 is associated with an airline frequent flyer program.
Any type of reward server may also be used in this system.
The reward server computer may be a credit card reward program such as offered by American Express where the user earns rewards based on purchases or an advertising based award program where the user earns rewards by selecting advertising content.
A user of this system may acquire and accumulate rewards through any prior art means such as shown on FIG.
1, which are then posted in a user's reward point account 52 that is accessible through the reward server computer 10.
The trading server computer 20 is in communication through the network 2 with a user on a user computer 40 and is additionally able to connect to the reward server computers 10,12,14 through the network 2 in accordance with techniques well known in the art for Internet communications.
The merchant computer 30 is representative of any site that can communicate with the network that has goods or services for sale or trade.
The merchant may have a direct relationship with the trading server where the direct relationship allows for a streamlined process for allowing a user to acquire products offered via the merchant computer.
Alternatively, the merchant computer may be an independent merchant that does not currently have a profile defined in the trading server that will accept payment from another computer system in any one of well known e-commerce embodiments.
The rewarding entities may be any type of entity that has a service for allocating points or consideration for user actions
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Finance 
