System and method for loyalty integration for merchant specific digital wallets

Patent metadata

Field	Value
Publication number	US-2016350789-A1
Application number	US-201514726982-A
Country	US
Kind code	A1
Filing date	Jun 1, 2015
Priority date	Jun 1, 2015
Publication date	Dec 1, 2016
Grant date	—

Abstract

The invention relates to a computer-implemented system and method for loyalty integration to facilitate redemption of rewards using a mobile device. According to an embodiment of the present invention, a system and method comprise the steps of: connecting a merchant app, associated with a merchant, with a funding source associated with a financial institution, wherein the merchant app provides a merchant program to the user; identifying a number of points for conversion to stored value on the merchant app; converting the number of points to a stored value amount on the merchant app; loading the merchant app with the stored value; and responsive to a user request on the merchant app, performing a payment transaction for a purchase using the converted stored value.

First claim

What is claimed is:

1 . A computer-implemented system for loyalty integration for a merchant specific digital wallet, the system comprising:
an electronic storage device storing consumer data and account data associated with each user; and a computer processor, coupled to the electronic storage device, programmed to perform the following: connect a merchant app, associated with a merchant, with a funding source associated with a financial institution, wherein the merchant app provides a merchant program to the user; identify a number of points for conversion to stored value on the merchant app; convert the number of points to a stored value amount on the merchant app; load the merchant app with the stored value; and responsive to a user request on the merchant app, perform a payment transaction for a purchase using the converted stored value.

2 . The system of claim 1 , wherein the merchant app is downloaded on a mobile device associated with the user.

3 . The system of claim 1 , wherein the funding source is funded by the user's financial account at the financial institution.

4 . The system of claim 1 , wherein the funding source is funded by a plurality of funding entities.

5 . The system of claim 1 , wherein the funding source is funded by a bank card associated with the user.

6 . A computer-implemented system for loyalty integration for a merchant specific digital wallet, the system comprising:
an electronic storage device storing consumer data and account data associated with each user; and a computer processor, coupled to the electronic storage device, programmed to perform the following: connect a merchant app, associated with a merchant, with a funding source associated with a financial institution, wherein the merchant app provides a merchant program to the user; responsive to a user request on the merchant app, initiate a payment transaction for a purchase; determine whether the purchase is eligible for the merchant program; determine whether the funding source has enough value for a purchase amount; and debit the funding source an amount of funds equivalent to the purchase amount.

7 . The system of claim 6 , wherein the computer processor is further programmed to:
when the funding source has insufficient value for the purchase amount, charge the remaining amount to an alternative payment mechanism.

8 . The system of claim 6 , wherein the purchase is eligible when the purchase is made from a participating merchant.

9 . The system of claim 6 , wherein the merchant app is downloaded on a mobile device associated with the user.

10 . The system of claim 6 , wherein the funding source is funded by the user's financial account at the financial institution.

11 . A computer readable medium containing program instructions for loyalty integration for a merchant specific digital wallet, wherein execution of the program instructions by one or more processors of a computer system causes the one or more processors to carry out the steps of:
connecting a merchant app, associated with a merchant, with a funding source associated with a financial institution, wherein the merchant app provides a merchant program to the user; identifying a number of points for conversion to stored value on the merchant app; converting the number of points to a stored value amount on the merchant app; loading the merchant app with the stored value; and responsive to a user request on the merchant app, performing a payment transaction for a purchase using the converted stored value.

12 . The computer readable medium of claim 11 , wherein the merchant app is downloaded on a mobile device associated with the user.

13 . The computer readable medium of claim 11 , wherein the funding source is funded by the user's financial account at the financial institution.

14 . The computer readable medium of claim 11 , wherein the funding source is funded by a plurality of funding entities.

15 . The computer readable medium of claim 11 , wherein the funding source is funded by a bank card associated with the user.

16 . A computer readable medium containing program instructions for loyalty integration for a merchant specific digital wallet, wherein execution of the program instructions by one or more processors of a computer system causes the one or more processors to carry out the steps of:
connecting a merchant app, associated with a merchant, with a funding source associated with a financial institution, wherein the merchant app provides a merchant program to the user; responsive to a user request on the merchant app, initiating a payment transaction for a purchase; determining whether the purchase is eligible for the merchant program; determining whether the funding source has enough value for a purchase amount; and debiting the funding source an amount of funds equivalent to the purchase amount.

17 . The computer readable medium of claim 16 , wherein the one or more processors further carry out the step of:
when the funding source has insufficient value for the purchase amount, charging the remaining amount to an alternative payment mechanism.

18 . The computer readable medium of claim 16 , wherein the purchase is eligible when the purchase is made from a participating merchant.

19 . The computer readable medium of claim 16 , wherein the merchant app is downloaded on a mobile device associated with the user.

20 . The computer readable medium of claim 16 , wherein the funding source is funded by the user's financial account at the financial institution.

Assignees

• Jpmorgan Chase Bank Na

Inventors

• Joglekar Ajinkya P
• Field Manning R

Classifications

• G06Q20/36

  using electronic wallets or electronic money safes · CPC title

• G06Q30/0233

  Method of redeeming a frequent usage reward · CPC title

• G06Q30/0227 Primary

  Frequent usage incentive value reconciliation between diverse systems · CPC title

• G06Q20/387

  Payment using discounts or coupons (relating to marketing G06Q30/02) · CPC title

• G06Q20/326

  Payment applications installed on the mobile devices · CPC title