API Console
Executive Summary
Handle the allocation and redemption of rewards points for customer transaction activity
Examples of Use
Example of use:A customer redeems bank reward points in order to finance a purchase with a bank associated vendor for air travel. The financial transaction engages the service domain in order to determine redemption requirements and associated payment requirements
Role Definition
This service domain handles the allocation and redemption of rewards points for customer transaction activity. In order to determine the reward point transaction and apply associated costs the service domain will access reward point arrangement agreements with the customers, merchants and related rewards programs. Note that the interactions between reward programs can be quite complex when 3rd party reward programs are integrated with the bank’s own reward programs
Related Business Scenarios
Core Business Object
Key Features
- Financial transaction evaluation (price to agreements)
- Reward point redemption transaction
- Associated cash payment initiation