System and method for performing a real time redemption...

Details System and method for performing a real time redemption... System and method for performing a real time redemption...

G - Physics

06

Q

G06Q 30/02 (2012.01) G06F 17/30 (2006.01)

Patent

CA 2736215

A method and system for performing a redemption transaction by leveraging a payment network provides a way to conduct redemption transaction without requiring changes to merchant or acquirer infrastructure. The cardholder initiates a trans-action using a redemption card. An intermediary receives the transaction data, determines whether the loyalty points account asso-ciated with the redemption card has sufficient points to cover the transaction, and initiates a secondary payment transaction against a secondary payment account. Alternatively, these functions may be performed by the issuer.

Un procédé et un système pour exécuter une transaction de remboursement avec effet de levier à un réseau de paiement fournissent un moyen pour mener une transaction de remboursement sans nécessiter de changer linfrastructure du vendeur ou de lacheteur. Le titulaire de carte initie une transaction en utilisant une carte de remboursement. Un intermédiaire reçoit les données de la transaction, détermine si le compte de points de fidélité associé à la carte de remboursement a suffisamment de points pour couvrir la transaction, et initie une deuxième transaction de paiement par rapport à un compte de paiement secondaire. En variante, ces fonctions peuvent être exécutées par lémetteur.

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