1. A method utilizing a computer system for facilitating redemption of vouchers including: converting, by said computer system for facilitating said redemption of said electronic vouchers, at least a portion of general loyalty points to a first value associated with a specific first merchant, wherein said general loyalty points are accessed in a loyalty database in said computer system utilizing a unique identifier, wherein a loyalty account includes said unique identifier and said general loyalty points associated therewith, said general loyalty points not being associated with a specific merchant; converting, by said computer system, at least a portion of said general loyalty points to a second value associated with a specific second merchant; redeeming, by said computer system, an electronic voucher and said first value for a product offered by said second merchant, wherein at least a portion said second value along with voucher information is saved as an electronic voucher, and wherein said redeeming includes: receiving purchase data including purchase price, applying said second value associated with said electronic voucher towards said purchase price, transferring at least a portion of said first value stored in said computer system to said second value, applying said second value that is the result of the transfer from said first value towards said purchase price, and outputting a resultant balance of said purchase price.