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Method and system for automatically calculating and managing consumer earned equity

  • US 20030004809A1
  • Filed: 08/23/2002
  • Published: 01/02/2003
  • Est. Priority Date: 09/03/1998
  • Status: Abandoned Application
First Claim
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1. A system for automatically calculating a customer earned reward, based on purchases made by a customer with a merchant/provider, comprising:

  • a merchant interface which receives, verifies and records a customer'"'"'s access/registration information and purchase transaction fulfillment information, including means for generating signals indicating completion of a purchase transaction and payment therefor;

    a unit storing merchant'"'"'s/provider'"'"'s equity credit calculation and equity conversion and redemption rules; and

    a processor coupled to a software program which responsive to said signals and said equity conversion and redemption rules generates calculated equity credit information in the form of equity stock in a merchant'"'"'s/provider'"'"'s ownership equity interest which indicates equity stock earned by the customer for purchase made through said purchase transaction.

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