Systems and methods for providing rewards benefits to account holders

• US 20030083933A1
• Filed: 10/29/2001
• Published: 05/01/2003
• Est. Priority Date: 10/29/2001
• Status: Abandoned Application

• Current Assignee: James A. Mcalear
• Original Assignee: James A. Mcalear
• Inventors: McAlear, James A.
• Application Number:
  US09/984,104
• Publication Number:
  US 20030083933A1
• Time in Patent Office: Days
• US Class Current: 705/14
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0215 Including financial accounts
• CPC Class Codes: G06Q 30/0226 Incentive systems for frequent usage, e.g. frequent flyer miles programs or point systems

Abstract

Methods are provided for establishing rewards benefits for account holders to attract usage of such accounts. According to a first such method, data storage space is provided to an account holder, the storage space being accessible over the Internet through a central server running on-line digital assistant (ODA) system software configured for managing data in relation to the storage space. An Internet address and passcode are allocated to the account holder, the address enabling Internet access to the central server and the passcode enabling access by the account holder to the storage space. Use of the ODA system software by the account holder, to store, access and process data in the storage space, is enabled upon submission of the passcode. According to a second such method a separate, independently operable subsidiary credit card account is associated with an account holder'"'"'s main credit card account and a separate credit limit is assigned to the subsidiary account for purchase authorization purposes. For example, rewards points may be accumulated through usage of the main account (the points being redeemable for value) and the value of the accumulated points attributed to the subsidiary account, whereby the credit limit of the subsidiary account is determined by that value.

Claims

1. A method for providing a rewards benefit to a holder of an account, said method comprising:

(a) providing data storage space to said account holder in a data storage device, said storage space being accessed over the Internet through a central server running on-line digital assistant (ODA) system software configured for managing data in relation to said storage space;

(b) allocating an Internet address and passcode to said account holder, said address enabling Internet access to said central server and said passcode enabling access by said account holder to said storage space; and

,

(c) enabling said account holder to use said ODA system software to store, access and process data in said storage space upon submission of said passcode.

2. A method according to claim 1 performed by a financial institution, whereby said account is a credit card account.

3. A method according to claim 2 whereby said data storage device is secured against access not authorized by said financial institution.

4. A method according to claim 3 and further comprising providing a temporary passcode to said account holder in response to a request for the same by said account holder, said temporary passcode enabling a third party to use said ODA system software to access or store data in said storage space upon submission of said temporary passcode by said third party.

5. A method according to claim 4 whereby said data includes electronic messages.

6. A method according to claim 5 whereby said data includes computer files.

7. A method according to claim 6 whereby said Internet access uses a Web browser running on an Internet access computer device.

8. A method according to claim 7 whereby said ODA system software causes a main menu of selectable data management operations to be displayed on a display of an Internet access computer device used by said account holder to access said ODA system software following submission thereto of said account holder'"'"'s passcode.

9. A method according to claim 7 whereby said Internet access computer device is a mobile phone.

10. A method according to claim 7 whereby said Internet access computer device is a personal computer (PC).

11. A method for providing a benefit to a holder of a credit card account having associated therewith a credit limit, said method comprising:

(a) associating a separate, independently operable subsidiary credit card account with said credit card account;

(b) assigning a subsidiary credit limit to said subsidiary account; and

,

(c) enabling an authorized designee of said credit card holder to effect charges against said subsidiary credit card account whereby the amount of said charges is limited by said subsidiary credit limit and any current balance of charges.

12. A method according to claim 11 whereby said subsidiary credit limit is assigned by said account holder.

13. A method for providing a rewards points benefit to a holder of an account whereby points are accumulated through usage of said account and said points are redeemable for value, said method comprising:

(a) associating a separate, independently operable subsidiary account with said account;

(b) attributing the value of said accumulated points to said subsidiary account; and

,

(c) enabling an authorized designee of said account holder to use said value attributed to said subsidiary account through said subsidiary account.

14. A method according to claim 13 performed by a financial institution, whereby said account is a credit card account.

15. A method according to claim 14 whereby said points are redeemable for cash and said authorized designee is able to purchase merchandise through said subsidiary account, the value of said purchase being limited to the value of a current balance of said attributed points which have not yet been redeemed.

16. A computer network system operable through the Internet for providing a rewards benefit to a holder of an account, said system comprising:

(a) a central server having an allocated Internet address;

(b) a data storage device comprising data storage space and configured for access over the Internet through said central server; and

,

(c) on-line digital assistant (ODA) system software running on said central server and configured for;

(i) allocating data storage space of said data storage device to said account holder, (ii) managing data in relation to said storage space;

(iii) permitting access to said central server using an Internet access computer device upon submission of said Internet address therefor; and

, (iv) enabling said account holder to store, access and process data in said storage space upon submission of a passcode allocated to said account holder.

17. A computer network system according to claim 16 wherein said ODA system software is further configured for providing a temporary passcode to said account holder in response to a request for the same by said account holder and for enabling a third party to use said ODA system software to access or store data in said storage space upon submission of said temporary passcode by said third party.

18. A computer network system according to claim 17 wherein said data comprises electronic messages and computer files.

19. An account management and authorization software system operable on a computer processor to provide a rewards benefit to a credit card account holder, said software being configured for associating a separate, independently, operable subsidiary credit card account with said credit card account, assigning a subsidiary credit limit to said subsidiary account and authorizing a request for a charge against said subsidiary credit card account if the value of said requested charge is within said subsidiary credit limit less any current balance of charges.

20. An account management and authorization software system according to claim 19 wherein rewards points are accumulated through usage of said account holder'"'"'s credit card and said points are redeemable for value, said software system being configured for establishing said subsidiary credit limit on the basis of the value of said accumulated points.