System for rewarding customers of financial services providers
First Claim
1. A system for rewarding users of financial services based on transactions completed through a financial services provider, including:
- a memory having a user sector for storing user information including a plurality of user records, each associated with and identifying one of a plurality of individuals approved by a financial services provider to use services of the financial services provider to complete transactions;
the memory further having an account sector for storing account information including a plurality of account records individually associated with accounts of the individuals, each account record including transaction information relating to transactions completed through the associated account;
the memory further having a reward sector for storing reward information including a plurality of reward records, each associated with one of the accounts and indicating an accumulated reward value based at least in part on transactions completed through the associated account;
an input channel adapted to receive transaction information including, for each of a plurality of transactions, a transaction amount and the associated account;
user information; and
reward transfer information including, for each of a plurality of reward transfer requests, a transferor account, a transferee account, and an amount of accumulated reward value to be transferred;
wherein the input channel is operatively associated with the memory to transmit the transaction information to the account sector to update the associated account record, to transmit the user information to the user sector to update the associated user record, and to transmit the reward transfer information to the reward sector to update the reward records associated with the respective transferor account and transferee account;
an information processor operatively associated with the input channel and the memory, adapted to receive the transaction information, generate a reward value associated with each transaction based at least in part on the transaction information, and transmit the reward value to the reward sector to update the associated reward record;
an image generator; and
an information management component operatively associated with the image generator and the memory, adapted to cause the image generator to produce reports based on selected user records, selected account records and selected reward records.
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Accused Products
Abstract
A system is provided for use by a financial institution to monitor transactions completed by users of financial services offered by the institution, and to reward users based on the completed transactions. The system includes at least one central processing unit (CPU) with a memory for storing user records, account records that track transactions of individual users, and reward records that accumulate points or otherwise reflect accumulated value, based on the transactions. The CPU also contains software to generate a reward value based on each transaction. The reward value is based in part on the transaction amount, but also can take into account the location and timing of the transaction, the type of transaction, accumulated reward value and accumulated transaction amounts.
175 Citations
31 Claims
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1. A system for rewarding users of financial services based on transactions completed through a financial services provider, including:
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a memory having a user sector for storing user information including a plurality of user records, each associated with and identifying one of a plurality of individuals approved by a financial services provider to use services of the financial services provider to complete transactions;
the memory further having an account sector for storing account information including a plurality of account records individually associated with accounts of the individuals, each account record including transaction information relating to transactions completed through the associated account;
the memory further having a reward sector for storing reward information including a plurality of reward records, each associated with one of the accounts and indicating an accumulated reward value based at least in part on transactions completed through the associated account;
an input channel adapted to receive transaction information including, for each of a plurality of transactions, a transaction amount and the associated account;
user information; and
reward transfer information including, for each of a plurality of reward transfer requests, a transferor account, a transferee account, and an amount of accumulated reward value to be transferred;
wherein the input channel is operatively associated with the memory to transmit the transaction information to the account sector to update the associated account record, to transmit the user information to the user sector to update the associated user record, and to transmit the reward transfer information to the reward sector to update the reward records associated with the respective transferor account and transferee account;
an information processor operatively associated with the input channel and the memory, adapted to receive the transaction information, generate a reward value associated with each transaction based at least in part on the transaction information, and transmit the reward value to the reward sector to update the associated reward record;
an image generator; and
an information management component operatively associated with the image generator and the memory, adapted to cause the image generator to produce reports based on selected user records, selected account records and selected reward records. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17)
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18. A process for rewarding users of services provided by a financial services provider, including:
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maintaining user information including a plurality of user records, each associated with and identifying one of a plurality of individuals approved by a financial services provider for using services of the financial services provider to complete transactions;
maintaining account information including a plurality of account records individually associated with accounts of the users, each account record including information relating to transactions completed through the associated account;
maintaining reward information including a plurality of reward records, each associated with one of the accounts and indicating an accumulated reward value based at least in part on transactions completed through the associated account;
monitoring transaction information including, for each of a plurality of transactions, the transaction amount and the associated account;
monitoring reward transfer information including, for each of a plurality of reward transfer requests, a transferor account, a transferee account and an amount of accumulated reward value to be transferred;
dynamically storing the transaction information to maintain currency of the account records, processing the transaction information to generate reward values individually associated with the transactions, and dynamically storing the reward values to maintain currency of the reward records; and
dynamically storing the reward transfer information to maintain currency of the reward records. - View Dependent Claims (19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31)
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Specification