Mary N O'Connell

US Patent:

20190180313, Jun 13, 2019

Filed:

Feb 14, 2019

Appl. No.:

16/275918

Inventors:

- New York NY, US
Yuval Efrati - New York NY, US
Lee H. Gowen - Lincoln NE, US
Trey Neemann - Glendale AZ, US
Mary O'Connell - Oradell NJ, US
Paven K. Pemmaraju - Phoenix AZ, US

Assignee:

American Express Travel Related Services Company, Inc. - New York NY

International Classification:

G06Q 30/02

Abstract:

A rewards management system is configured to facilitate the redemption of loyalty benefits at a financial institution and apply credits, payments, debits, and/or the like associated with the loyalty benefit to transactions that are characterized by a set of predetermined rules (e.g. an item purchased during a particular transaction, the merchant from whom the transaction originated, the vendor who manufactured the item). The system provides real-time management of the loyalty account so that the loyalty benefit can be used to offset the liability associated with a particular eligible transaction. The system may also be configured to allow a user to satisfy various obligations to the financial institution (e.g. a minimum payment associated with a statement from a transactions account). As such, the system allows the loyalty account provider or the financial institution to provide a customizable rewards program that allows loyalty benefits to be used for any type of transaction.