Method and system for processing customized reward offers
US6434534B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Oct 21, 1999 |
| Grant date | Aug 13, 2002 |
| Priority date | — |
| Expiry date | Oct 21, 2019 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/12
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The present invention is a method is for providing and managing a customized reward offer to a holder of a financial account. The method includes the step of accessing historical account data associated with the financial account. The method further includes the step of determining a first performance target associated with the financial account. The method also includes the steps of selecting a reward offer having an associated reward description and transmitting the first performance target and the reward description to the account holder. The method continues with the steps of collecting transaction data associated with the financial account and evaluating the collected transaction data to determine a second performance target associated with the financial account. The collected transaction data is then compared to said first performance target. If the collected transaction data exceeds the first performance target, the financial account is updated to reflect the reward. A system is also provided to implement the steps of the method.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.