MANAGEMENT OF PACKAGE OFFERINGS BY LOYALTY PROGRAMS AND AUTOMATION OF ACCRUAL RECALCULATION

摘要

The present invention discloses a method and system for processing accrual and redemption package offerings in loyalty programs. The method includes identifying a set of accrual package offerings, identifying a plurality of loyalty members satisfying a set of package conditions, calculating accruals for each of the plurality of loyalty members and crediting the loyalty member accounts, and identifying a set of loyalty partners and debiting loyalty partner accounts. The method and system of the present invention enables loyalty programs to fully automate the process of setting up and managing accruals and redemption packages. The present invention also discloses a method and system of recalculating the accrual transactions. The method includes receiving a set of loyalty member activities from a plurality of loyalty partners, processing the loyalty member activities in a sequential manner according to a date of the activities, checking a necessity for recalculating the accruals; and recalculating the accruals for the loyalty member activities.