Method for providing securities rewards to customers
First Claim
1. A method for providing securities rewards to customers comprising the steps of:
- registering a certain amount of stock of a merchant for a reward program;
identifying qualifying customer purchases with the merchant;
awarding dollar value rewards to customers for the qualifying customer purchases;
obtaining a certain amount of the registered stock to distribute as rewards, based on purchase information received from a group of customers during a certain reward period; and
disaggregating the obtained stock into individual customer accounts, based on the percentage of the dollar value rewards awarded to the corresponding individual customers.
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Abstract
A method for providing securities rewards to customers. To perform the method, a merchant registers a certain amount of stock for a reward program. Qualifying customers identify themselves when they make purchases from the merchant. The customers are given dollar value rewards for their purchases. A reward broker keeps track of the dollar value rewards during a reward period, and purchases an amount of the merchant'"'"'s stock representing the total amount of dollar value rewards during the reward period. The reward broker then disaggregates the stock into individual customer accounts, based on the percentage of the dollar value rewards awarded to the corresponding individual customers.
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Citations
12 Claims
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1. A method for providing securities rewards to customers comprising the steps of:
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registering a certain amount of stock of a merchant for a reward program;
identifying qualifying customer purchases with the merchant;
awarding dollar value rewards to customers for the qualifying customer purchases;
obtaining a certain amount of the registered stock to distribute as rewards, based on purchase information received from a group of customers during a certain reward period; and
disaggregating the obtained stock into individual customer accounts, based on the percentage of the dollar value rewards awarded to the corresponding individual customers. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method for providing reward incentives to customers, comprising the steps of:
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identifying qualifying customer purchases with a merchant during a rewards time period;
awarding cash rewards to customers for the qualifying customer purchases;
calculating a total amount of cash rewards during the rewards time period;
obtaining the total amount of cash from the merchant; and
disaggregating the total amount of cash into individual customer accounts, based on the amount of cash rewards awarded to the corresponding individual customers. - View Dependent Claims (9, 10, 11, 12)
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Specification