POINT OF SALE PURCHASING VALUE ACCUMULATION SYSTEM

摘要

A neutrally branded, multi merchant redeemable purchasing value accumulation system (10) is provided covering all forms of payment, integrated with the point of sale, and providing real-time earning and redemption of redeemable purchasing value at the point of sale. According to one embodiment, the system (10) includes an authorized point of sale transaction terminal (12), a host memory (38) located remote from the authorized point of sale transaction terminal (12), and a host controller (18) located remote from and in communication with the authorized point of sale transaction terminal (12). A purchasing value banking system (100) is provided comprising a merchant system (105) incorporating a merchant terminal (116), a bank host (104) incorporating a bank account data storage device (114) and an authorization number source (112), and a purchasing value banking system host (102) in communication with the merchant system (105) and the bank host (104).