Meara Day

Title: Meara Day: Innovator in Loyalty Currency Redemption

Introduction

Meara Day is an accomplished inventor based in Sunnyvale, CA. He has made significant contributions to the field of loyalty currency systems, holding a total of 3 patents. His work focuses on enhancing consumer transactions through innovative loyalty currency solutions.

Latest Patents

One of Meara Day's latest patents is titled "Point of interaction loyalty currency redemption in a transaction." This invention allows multiple different non-financial loyalty currencies held by various issuers to be used by consumers as financial tender for transactions with merchants. Each issuer compensates a primary issuer for the financial currency value of the non-financial loyalty currencies being utilized. In return, the primary issuer reduces the balance of the non-financial loyalty currency. For each reduction, the primary issuer adds an equivalent primary loyalty currency to the consumer's primary loyalty account. The primary issuer then pays the merchant in financial currency while making a corresponding reduction in the primary loyalty currency balance. The financial value of each loyalty currency may vary based on its use in transactions with competitors of the merchant supplying the loyalty currency.

Career Highlights

Meara Day is currently employed at Visa International Service Association, where he continues to develop innovative solutions in the realm of financial transactions and loyalty systems. His expertise in this area has positioned him as a key player in the industry.

Collaborations

Meara has collaborated with notable colleagues, including Diane C Salmon and Leigh Amaro, who contribute to the innovative environment at Visa.

Conclusion

Meara Day's work in loyalty currency redemption represents a significant advancement in transaction technology. His patents reflect a deep understanding of consumer needs and the evolving landscape of financial interactions.