application Ips Points Economy 1.1.2

Synopsis

• Create as many different points currencies as you want to fill your needs
• Name each points currency uniquely with singular and plural formats
• Give any points currency an automatic prefix and/or suffix
• Points currencies can be configured with 0 to 5 decimal place precision
• Points currencies can be exchanged with each other by permission matrix
• Each points currency has its own exchange rate for points conversions
• Create different banks that members can transfer points balances between
• Set up interest rates on banks that allow members to earn dividends
• Set holding periods per currency and per bank to fit your goals
• Set minimum and maximum balance limits per currency per bank
• Members can send points to other members according to permissions
• All transactions are automatically logged to an account register for accountability
• Manage any points balance manually via the ACP
• Credit points balances using an expiration date that the points must be claimed by
• Debit points balances using an expiration date to set up a due period

IPS Commerce Integration

• Points can be added to any commerce product to be delivered automatically when the product is purchased. Points are automatically debited if the purchase is cancelled.
• Points can be configured as a payment method for IPS Commerce. Members can use points to pay for products, while using your own custom exchange rate to determine how they are converted to real cash value.

Automation Rules ECA's

• Event: A transfer or exchange is completed
• Event: A credit has been claimed from expiration
• Event: A dividend has been credited for a balance
   
• Condition: A member/currency/bank balance combination is permitted
• Condition: A balance credit/debit transaction is permissable
• Condition: A balance transfer is permissable
• Condition: Check a member's points balance
• Condition: Check the member who owns a balance
• Condition: Check the currency of a balance
• Condition: Check the bank of a balance
   
• Action: Credit or debit a points balance
• Action: Transfer or exchange a points balance (between members, currencies, or banks)

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