RPBS This concept is to provide exchange of Customer Reward points between multiple business entities such that customer can maintain a points bank of redeemable amount which is based within a common recognized value standard.
US Patent Application 20130268342
SYSTEMS AND METHODS FOR A REDEEMABLE POINTS CLEARINGHOUSE
SYSTEMS AND METHODS FOR A REDEEMABLE POINTS CLEARINGHOUSE
ABSTRACT
A host clearinghouse account manager may maintain a system, such as a middleware system, for converting and/or exchanging loyalty points to value credits. The host clearinghouse’s system middleware determines the appropriate number of loyalty points from a first merchant’s loyalty point system to convert and/or exchange by implementing a conversion processor that converts the participant’s loyalty points to an appropriate value credit equivalent. These value credits may then be converted and/or exchanged to loyalty points in a second merchant’s loyalty point system.