Systems and Methods of Virtual Marketplace of Reward/Loyalty Points

Abstract

Example embodiments of systems and methods of a virtual marketplace for reward/loyalty points disclosed herein may use geo-fencing to create a marketplace of reward points. The disclosed embodiments may use geo-fencing, coupons, and reward points to draw customers to a target location. Reward points are typically specific to and redeemable at the target location. A customer may use a mobile application to receive location based coupons that are laden with reward points. For example, a customer is walking past a retailer, such as non-limiting examples of a restaurant, a drug store, a grocery store, a department store, and a gas station, among others. In an example embodiment, she carries a location determination device which notifies the system of her geographic location or that her location is within a predetermined distance from a predetermined location.

Dependencies are inferred from the claim text.