US 2020/0051111 A1 · ONE TOUCH UPDATE TO EQUITY REWARDS

Abstract

Herein disclosed are systems and methods for automatically redistributing a user's accumulated rewards based on, in one example, a change in loyalty by the user. In one example, a method for redistributing accumulated rewards on a loyalty platform in a single click comprises displaying a selectable interface element on a user device, wherein the selectable interface element indicates an accumulated reward from a first business in a rewards account of the user on the loyalty platform, and at least a second business, responding to selection of the selectable interface element by purchasing an amount of shares of stock in the second business using the accumulated reward, and presenting a notification to the user indicating that redistribution of the accumulated reward has been performed. The disclosed systems and methods may enable a reduction in delays and user frustration associated with conventional approaches for rebalancing a portfolio of accumulated rewards.

Claims20

Dependent claims

A method comprising:

displaying a selectable interface element on a display of a user device, wherein the selectable interface element indicates an accumulated reward from a first business in a rewards account of a user on a loyalty platform, and a least a second business;
responding to selection of the selectable interface element by:
purchasing a first amount of shares of stock in the second business using the accumulated reward from the first business;
storing the first amount of shares of stock in the rewards account of the user on the loyalty platform;
and
presenting a notification to the user indicating that redistribution of the accumulated reward has been performed.

3 more elements

A method for rebalancing loyalty rewards, the method comprising:

receiving a request to change enrollment from a first equity rewards program associated with a first business to a second equity rewards program associated with a second business;
removing the user from the first equity rewards program and enrolling the user in the second equity rewards program;
presenting an interface element via a user interface on a display, the interface element being selectable to request a rebalancing of equity in a loyalty rewards platform account of the user;
and
responsive to receiving user input selecting the interface element, automatically performing the rebalancing of equity by:
generating one or more sell orders for equity in the first business accrued by the user via the first equity rewards program;
transmitting the one or more sell orders to a clearing system for execution;
upon execution of the one or more sell orders, determining proceeds of an associated sale of the equity in the first business;
calculating an amount of equity in the second business corresponding to the proceeds of the sale of the equity in the first business;
generating buy orders for the calculated amount of equity in the second business;
and
presenting a notification to the user that the rebalancing of equity in the loyalty rewards platform account has been performed.

9 more elements

A computing system, comprising:

a processor;
a display;
and
a memory storing instructions executable by the processor to:
receive a request to change enrollment from a first equity rewards program associated with a first business to a second equity rewards program associated with a second business;
remove the user from the first equity rewards program and enrolling the user in the second equity rewards program;
present an interface element via a user interface displayed on a display, the interface element being selectable to request a rebalancing of equity in a loyalty rewards platform account of the user;
and
responsive to receiving user input selecting the interface element, automatically perform the rebalancing of equity by:
generating one or more sell orders for equity in the first business accrued by the user via the first equity rewards program;
transmitting the one or more sell orders to a clearing system for execution;
upon execution of the one or more sell orders, determining proceeds of an associated sale of the equity in the first business;
calculating an amount of equity in the second business corresponding to the proceeds of the sale of the equity in the first business;
generating buy orders for the calculated amount of equity in the second business;
and
presenting a notification to the user that the rebalancing of equity in the loyalty rewards platform account has been performed.

13 more elements

Dependencies are inferred from the claim text.

One touch update to equity rewards

Life of this patent

One touch update to equity rewards

Life of this patent

Abstract

Claims20