Abstract: This invention relates to a method and system for exchanging reward earned from transactions for voucher or stored value for transactions and method of redeeming the voucher or stored value, the system including a primary unit provided at a place where a service provider is located, and a secondary unit provided at where a franchisee is located. When a purchase is made by the consumer at a franchisee designated by the service provider, reward will accumulate and the reward may be exchanged for voucher or stored value when the reward is accumulated to a predetermined amount. In exchanging for the voucher or stored value, the voucher or stored value must be registered at the primary unit of the service provider or deposited in a stored value account. During redemption of the voucher or stored value, the validity of the voucher or balance of the stored value is first automatically affirmed to deter counterfeiting activities.