Reward system and method for a user vehicle equipped with monitoring sensors
US11403710B1 · kind B1 · utility
Inventors
Key dates
| Filing date | Sep 30, 2016 |
| Grant date | Aug 2, 2022 |
| Priority date | — |
| Expiry date | Mar 2, 2038 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0239
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
An insurance payment reward system using sensors integrated into a vehicle operated by an insurance policy holder may be used to reduce the insurance policy payment of the insurance policy holder when the insurance policy holder purchases goods or services from a third-party business participating in the reward program. The onboard vehicle sensors transmit information to a data center that translates the vehicle characteristics into available reward opportunities at participating local businesses. In exchange for the insurance policy holder's purchase of goods or services from a participating business, the business deposits a reward amount into an account that provides credits to the insurance policy holder's insurance payment or other rewards or incentives.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.