Abstract: A loyalty program business model includes entering into an agreement with loyalty program partners and agreeing on exchange rates between a variety of loyalty unit types. Partner accrual records (PAR's) arc accepted from the loyalty program partners related to the business activity of related loyalty program members. Loyalty units credits are calculated for a member from data obtained in the step of accepting. A partner loyalty account balance is updated according to the standardized loyalty unit debit obtained in the step of calculating. Then an invoice can be billed to a partner according to the partner loyalty account balance.

Abstract: A loyalty program business model includes entering into an agreement with loyalty program partners and agreeing on exchange rates between a variety of loyalty unit types. Partner accrual records (PAR's) are accepted from said loyalty program partners related to the business activity of related loyalty program members. Loyalty units credits are calculated for a member from data obtained in the step of accepting. A partner loyalty account balance is updated according to said standardized loyalty unit debit obtained in the step of calculating. Then an invoice can be billed to a partner according to said partner loyalty account balance.

Abstract: The present invention discloses a method and system for accrual transaction processing in loyalty programs. The method according to the present invention includes the steps of setting up an accrual template, and validating accrual transactions received from loyalty partners against transaction attributes in the accrual template. The present invention imparts accrual transaction process an ability to accurately calculate rewards for loyalty member activities of different types undertaken with loyalty partners from diverse industries.