System and method for express redemption of accrued rewards

摘要

Process for implementing redemption of accrued rewards from a loyalty rewards account for a benefit that is instantaneously fulfilled. The process includes linking a financial transaction instrument to the loyalty rewards account of a customer and receiving from the customer a request to redeem rewards from the loyalty rewards account for a benefit. In addition, the process automatically authorizes use of the financial transaction instrument to fulfill the benefit requested by the customer, and recognizes, across a computer network, fulfillment of the benefit by a merchant. The loyalty rewards account is automatically updated to reflect fulfillment of the benefit obtained by the customer.