Method and apparatus for determining a progressive discount for a customer based on the frequency of the customer's transactions
US6687679B1 · kind B1 · utility
114Cited by
45References
33Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Oct 5, 1998 |
| Grant date | Feb 3, 2004 |
| Priority date | — |
| Expiry date | Oct 5, 2018 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0601
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method are disclosed for determining and applying a discount to a customer's transaction. The discount is of a progressive nature, wherein the value of a customer's discount increases if the customer meets the conditions associated with the discount. The system rewards more frequent or profitable customers with benefits such as larger increases in the discount or higher maximum discount than those awarded to less frequent or profitable customers. The discount is decreased or eliminated if the customer fails to meet the conditions associated with the discount.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.