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US 10,885,541 B1Granted
Payment using rewards points
AssigneeWells Fargo Bank, N.A.
InventorPeter Ho
Life of this patent
Estimating the term…
Abstract
A method of payment using rewards points includes receiving authentication data and a payment amount from a customer's mobile device, determining an amount of rewards points available to fund the payment amount in a rewards account associated with the customer, and sending selectable payment options to the mobile device. The selectable payment options include an option to redeem a portion of the rewards points amount to fund a portion of the payment amount. The method also includes receiving a customer selection of at least one of the selectable payment options from the mobile device and sending a form of payment for the payment amount from the account management system at the mobile device. The form of payment is configured for presentation to a point of sale device.
Claims15
A method of payment using rewards points, comprising:
- receiving, by an account management system operated by a card issuing entity, a payment amount from a customer's mobile device;
- determining, by the account management system, an amount of rewards points available to fund the payment amount in a customer rewards account associated with the customer;
- determining, by the account management system, an amount of credit available to fund the payment amount in a customer credit account associated with the customer;
- determining, by the account management system, selectable payment options based on the amount of rewards points available and the amount of credit available;
- sending, by the account management system, the selectable payment options to the mobile device, wherein the selectable payment options include an option to redeem a portion of the amount of rewards points available to fund a first portion of the payment amount and to use a portion of the amount of credit available to fund a second portion of the payment amount;
- receiving, by the account management system, a customer selection of at least one of the selectable payment options from the mobile device;
- in response to receiving the customer selection, deducting, by the account management system, the portion of the amount of rewards points available from the customer rewards account and the portion of the amount of credit available from the customer credit account;
- generating, by the account management system, a single form of payment in the form of at least one of a quick response (QR) code, a bar code, or a near-field communication (NFC) transmission, wherein the single form of payment comprises the first portion funded by the portion of the amount of rewards points available and the second portion funded by the portion of the amount of credit available;
- and
- transmitting, by the account management system, the single form of payment to the mobile device for providing to a merchant point of sale device.
7 more elements
A method of payment using rewards points, comprising:
- receiving, by an account management system operated by a card issuing entity, a payment amount from a customer's mobile device;
- determining, by the account management system, an amount of rewards points available to fund the payment amount in a customer rewards account associated with the customer;
- determining, by the account management system, an amount of credit available to fund the payment amount in a customer credit card account associated with the customer;
- determining, by the account management system, selectable payment options configured for display on the mobile device based on the amount of rewards points available and the amount of credit available;
- sending, by the account management system, the selectable payment options to the mobile device, wherein the selectable payment options include an option to redeem a portion of the amount of rewards points available to fund a first portion of the payment amount and to use a portion of the amount of credit available to fund a second portion of the payment amount;
- receiving, by the account management system, a customer selection of at least one of the selectable payment options from the mobile device;
- in response to receiving the customer selection, placing, by the account management system, a hold on the portion of the amount of rewards points available from the customer rewards account and placing a hold on the portion of the amount of credit available from the customer credit card account;
- generating, by the account management system, a single form of payment in the form of at least one of a quick response (QR) code, a bar code, or a near-field communication (NFC) transmission, wherein the single form of payment comprises the first portion funded by the portion of the amount of rewards points available and the second portion funded by the portion of the amount of credit available;
- transmitting, by the account management system, the single form of payment to the mobile device for providing to a merchant point of sale device;
- and
- reconciling, by the account management system, a credit card transaction in accordance with the customer selection after the customer has completed the credit card transaction at the merchant point of sale device.
8 more elements
A method of payment using rewards points, comprising:
- receiving, by a mobile device of a user, a payment amount from a merchant point of sale device;
- sending, by the mobile device, authentication data and the payment amount from the mobile device to an account management system operated by a card issuing entity of a payment card of the user having a financial rewards account and a customer credit account associated therewith;
- receiving, by the mobile device, selectable payment options from the account management system at the mobile device, wherein the selectable payment options are determined by the account management system based on an amount of rewards points available in the financial rewards account and an amount of credit available in the customer credit account, and the selectable payment options include an option to redeem rewards points available in the financial rewards account to fund a first portion of the payment amount and use credit available in the customer credit account to fund a second portion of the payment amount;
- sending, by the mobile device, a customer selection of at least one of the selectable payment options to the account management system;
- receiving, by the mobile device, a single form of payment in the form of at least one of a quick response (QR) code, a bar code, or a near-field communication (NFC) transmission for the payment amount from the account management system at the mobile device, the single form of payment corresponding to the customer selection wherein the single form of payment comprises the first portion funded by the customer rewards account and the second portion funded by the customer credit account;
- and
- transmitting, by the mobile device, the single form of payment from the mobile device to the merchant point of sale device via electronic transmission, wherein the single form of payment is displayed on the customer's mobile device, wherein transmitting the single form of payment from the mobile device to the merchant point of sale device comprises presenting the displayed single form of payment to the merchant point of sale device.
4 more elements
Dependencies are inferred from the claim text.