SG11201909727UA - Points-based payment system - Google Patents

Abstract

INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property Organization International Bureau (43) International Publication Date 25 October 2018 (25.10.2018) WIP0 I PCT Hu omit VIII °nolo Him molmoilowom (10) International Publication Number WO 2018/193280 Al (51) International Patent Classification: G06Q 30/02 (2012.01) G06Q 20/22 (2012.01) (21) International Application Number: PCT/IB2017/000546 (22) International Filing Date: 18 April 2017 (18.04.2017) (25) Filing Language: English (26) Publication Language: English (30) Priority Data: 15/490,095 18 April 2017 (18.04.2017) US (71) Applicant: VERRENCY HOLDINGS PTE. LTD. [SG/SG]; 133 New Bridge Road, #16-10, Chinatown Point 059413 (SG). (72) Inventors: LINK, David, Cruzen; 10, Norwood Street, Sandringham, VIC 3191 (AU). WALKER, Euan, Dun- can; 8, Forrest Court, Sandringham, VIC 3191 (AU). CUM- MINS, Stephen, John; 5, Tide Lane, Bulimda, QLD 4171 (AU). (74) Agent: DREW & NAPLER LLC; 10 Collyer Quay, #10-01 Ocean Financial Centre, Singapore 049315 (SG). (81) Designated States (unless otherwise indicated, for every kind of national protection available): AE, AG, AL, AM, AO, AT, AU, AZ, BA, BB, BG, BH, BN, BR, BW, BY, BZ, CA, CH, CL, CN, CO, CR, CU, CZ, DE, DJ, DK, DM, DO, DZ, EC, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, HN, HR, HU, ID, IL, IN, IR, IS, JP, KE, KG, KH, KN, KP, KR, KW, KZ, LA, LC, LK, LR, LS, LU, LY, MA, MD, ME, MG, MK, MN, MW, MX, MY, MZ, NA, NG, NI, NO, NZ, OM, PA, PE, PG, PH, PL, PT, QA, RO, RS, RU, RW, SA, SC, SD, SE, SG, SK, SL, SM, ST, SV, SY, TH, TJ, TM, TN, TR, TT, TZ, UA, UG, US, UZ, VC, VN, ZA, ZM, ZW. (84) Designated States (unless otherwise indicated, for every kind of regional protection available): ARIPO (BW, GH, GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, ST, SZ, TZ, UG, ZM, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, TJ, TM), European (AL, AT, BE, BG, CH, CY, CZ, DE, DK, EE, ES, FI, FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, LV, MC, MK, MT, NL, NO, PL, PT, RO, RS, SE, SI, SK, SM, TR), OAPI (BF, BJ, CF, CG, CI, CM, GA, GN, GQ, GW, KM, ML, MR, NE, SN, TD, TG). = (54) Title: POINTS-BASED PAYMENT SYSTEM 10 MANAGEMENT TRANSACTION 20 SYSTEM 16 ISSUING INSTITUTION MERCHANT TERMINAL MERCHANT TERMINAL ISSUING INSTITUTION 12 FIG. 1 16 ) (57) : Payment systems allowing credit and/or points to fund fmancial transactions are provided. In one example, a payment O cc merchants using funds from a credit account associated with the consumer. The payment system comprises a payment network enabling system comprises a credit device issued to a consumer enabling the consumer to purchase products or services from a plurality of the plurality of merchants to receive payment from an issuer that issues the credit device to the consumer. A funding device is configured to access information regarding credit available from the credit account, the funding device further configured to access information regarding points available to the consumer. The funding device is configured to use pre-established rules to determine the use of available 00 credit and available points for completing a transaction with a first merchant of the plurality of merchants. The transaction appears to the first merchant as a regular credit card transaction. O O [Continued on next page] WO 2018/193280 Al MIDEDIMOMMIDEFIEDEMEMOVEMMOVOIMIE Published: — with international search report (Art. 21(3))