ALEXANDRIA, Va., April 7 -- United States Patent no. 12,597,048, issued on April 7, was assigned to Cosmopoints Loyalty Tech Ltd (Dubai, United Arab Emirates).
"Loyalty rewards exchange systems and methods" was invented by Rawad Rifai (Dubai, United Arab Emirates), Rayan Antonios (Dubai, United Arab Emirates) and William Awad (Chicago).
According to the abstract* released by the U.S. Patent & Trademark Office: "In some examples, a method is included for converting and exchanging loyalty points. The method includes generating, by a computing system, records that include relationship information linking a credit card of a credit card issuer to loyalty rewards program entities. The method includes converting card issuer points of the issuer ...