US 11,756,113 B2
Systems and methods for conducting person to person transactions using reward points
David Christopher Carey, Middletown, DE (US); Syed Rizwan Ali, Aston, PA (US); Howard Spector, Woolwich, NJ (US); Amit Rajwani, Voorhees, NJ (US); Rajini Kakarla, Bear, DE (US); Tuan Dao, Richardson, TX (US); Ashok Reddy, Newark, DE (US); Mizan Miah, Wilmington, DE (US); and Sangameswara Rao Panchomarthi, Bear, DE (US)
Assigned to JPMORGAN CHASE BANK, N.A., New York, NY (US)
Filed by JPMORGAN CHASE BANK, N.A., New York, NY (US)
Filed on Oct. 1, 2020, as Appl. No. 17/60,413.
Claims priority of provisional application 62/924,916, filed on Oct. 23, 2019.
Prior Publication US 2021/0125273 A1, Apr. 29, 2021
Int. Cl. G06Q 30/00 (2023.01); G06Q 40/02 (2023.01); G06Q 30/0226 (2023.01); G06Q 30/0235 (2023.01); G06Q 30/0207 (2023.01); G06Q 20/02 (2012.01); G06Q 20/04 (2012.01); G06Q 20/10 (2012.01); G06Q 20/20 (2012.01); G06Q 30/0238 (2023.01); G06Q 20/38 (2012.01); G06Q 20/40 (2012.01); G06F 16/9535 (2019.01); G06Q 20/34 (2012.01)
CPC G06Q 40/02 (2013.01) [G06F 16/9535 (2019.01); G06Q 20/023 (2013.01); G06Q 20/042 (2013.01); G06Q 20/1085 (2013.01); G06Q 20/202 (2013.01); G06Q 20/342 (2013.01); G06Q 20/385 (2013.01); G06Q 20/4012 (2013.01); G06Q 30/0215 (2013.01); G06Q 30/0233 (2013.01); G06Q 30/0235 (2013.01); G06Q 30/0238 (2013.01); G06Q 2220/00 (2013.01)] 12 Claims
OG exemplary drawing
 
1. A method for person-to-person gifting of a cash-equivalent gift using reward points, comprising:
receiving, by a computer program executed by a financial institution backend and from an electronic device associated with a bank customer, a request to issue a cash-equivalent gift to a gift recipient based on reward points, the request identifying gift recipient contact information for the gift recipient and comprising a reward points amount and a date and time to send a notification of the cash-equivalent gift to the gift recipient;
converting, by the computer program, the reward points amount to the cash-equivalent gift;
creating, by the computer program, a redemption code for the gift recipient to receive the cash-equivalent gift at an Automated Teller Machine (ATM) or a point of sale device in an ATM network;
associating, by the computer program, the redemption code with the cash-equivalent gift;
sending, by the computer program, the notification comprising the redemption code to an electronic device associated with the gift recipient using the gift recipient contact information to redeem the cash-equivalent gift at the date and time in the request;
receiving, by the computer program and from the ATM or the point of sale device in the ATM network, the redemption code;
instructing, by the computer program, the ATM or the point of sale device to issue the cash-equivalent gift; and
debiting, by the computer program, a reward point account for the bank customer for the reward points amount after authorizing the device to issue the cash-equivalent gift.