The Toronto-Dominion Bank
System and method for offsetting cost of a booking for a non-contributing member using loyalty points of a group of contributing members

Abstract:

A server computer system comprises a communications module; a processor coupled with the communications module; and a memory coupled to the processor and storing processor-executable instructions which, when executed by the processor, configure the processor to receive, via the communications module and from at least one computing device associated with at least one contributing member, a signal including a request to transfer an amount of loyalty points from a loyalty point account of the at least one contributing member to a loyalty point account associated with a group; transfer the amount of loyalty points from a data record associated with the loyalty point account of the at least one contributing member to a data record associated with the loyalty point account associated with the group; receive, via the communications module and from the at least one computing device associated with the at least one contributing member, a signal including a booking request for one or more non-contributing members; and apply loyalty points from the loyalty point account associated with the group to offset a cost of the booking request for the one or more non-contributing members and complete the booking request.