Method and system for managing an incentive fund

• US 20060190322A1
• Filed: 02/22/2005
• Published: 08/24/2006
• Est. Priority Date: 02/22/2005
• Status: Abandoned Application

• Current Assignee: Deere & Company
• Original Assignee: Deere & Company
• Inventors: Oehlerking, Mark Charles, Hoover, Greg William, Boehle, Timothy Wayne, Unruh, Greg Alan
• Application Number:
  US11/062,503
• Publication Number:
  US 20060190322A1
• Time in Patent Office: Days
• US Class Current: 705/14.21
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0219 based on funds or budget

Abstract

A sponsor or another establishes a pool of incentive funds to be used by designated merchants to fund sponsored incentive programs for at least one of a sale and a lease of a product. An amount of each incentive fund is allocated for a designated merchant. One or more credit plans are designated, where each credit plan is associated with or eligible for each incentive fund. The discretionary distribution of each incentive fund is supported. For example, each incentive fund may be distributed to one or more selected customers based on a customer loyalty program or other parameters.

Claims

1. A method for managing a fund, the method comprising:

establishing a pool of incentive funds to be used by designated merchants to fund sponsored incentive programs for at least one of a sale and a lease of a product;

allocating an amount of each incentive fund within the pool for a corresponding designated merchant; and

designating one or more respective credit plans that are associated with or eligible for each incentive fund; and

supporting discretionary distribution of each incentive fund by the corresponding merchant to one or more selected customers.

2. The method according to claim 1 wherein the product comprises an agricultural input selected from the group consisting of seed, fertilizer, herbicide, insecticide, pesticide, fungicide, plant stock, root stock, nutrients, and chemicals.

3. The method according to claim 1 wherein the product comprises one or more of the following:

agricultural equipment, construction equipment, turf-care equipment, mowing equipment, forestry equipment, off-road utility vehicles, wind turbines, monopoles, towers, and electrical power generation equipment.

4. The method according to claim 1 wherein the supporting of the discretionary distribution comprises allowing the merchant to determine an amount of each incentive fund to be offered to individual customers at a point of sale based on at least one of the preferences of the merchant and a customer loyalty program.

5. The method according to claim 1 wherein the supporting the discretionary distribution comprises allowing the merchant to determine an amount of each incentive fund to be offered to individual customers based on the preferences of the merchant and a customer loyalty program.

6. The method according to claim 1 wherein the supporting the discretionary distribution comprises allowing the merchant to determine an amount of each incentive fund to be offered to an individual customer based at least one of historical transactions of the individual customer, a credit rating of the individual customer, a credit score of the individual customer, and estimated or projected crop prices associated with the crop inputs to be purchased, and market prices of the crop futures or option contracts for a respective projected crop maturity date.

7. The method according to claim 1 wherein the supporting of the discretionary distribution comprises providing an electronic tool-to the merchant for distribution-of the funds among an individual customer based on at least one of historical transactions of individual customer, a credit rating of the individual customer, a credit score of the individual customer, estimated or projected crop prices associated with the crop inputs to be purchased, market prices of crop futures for the projected crop maturity date, and a customer loyalty management program.

8. A system for managing a fund, the system comprising:

a fund definer for establishing a pool of incentive funds to be used by designated merchants to fund sponsored incentive programs for at least one of a sale and a lease of a product;

an allocator for allocating an amount of each incentive fund within the pool for a corresponding designated merchant; and

a designator for designating one or more respective credit plans that are associated with or eligible for each incentive fund; and

a discretionary distribution module for supporting discretionary distribution of each incentive fund by the corresponding merchant to one or more selected customers.

9. The system according to claim 8 wherein the product comprises an agricultural input selected from the group consisting of seed, fertilizer, herbicide, insecticide, pesticide, fungicide, plant stock, root stock, nutrients, and chemicals.

10. The system according to claim 8 wherein the product comprises one or more of the following:

agricultural equipment, construction equipment, turf-care equipment, mowing equipment, forestry equipment, off-road utility vehicles, wind turbines, towers, monopoles, and electrical power generation equipment.

11. The system according to claim 8 wherein the discretionary distribution module allows the merchant to determine an amount of each incentive fund to be offered to individual customers at a point of sale based on at least one of the preferences of the merchant and a customer loyalty program.

12. The system according to claim 8 wherein the discretionary distribution module determines an amount of each incentive fund to be offered to individual customers based on at least one of preferences of the merchant and a customer loyalty program.

13. The system according to claim 8 wherein the discretionary distribution module allows the merchant to determine an amount of each incentive fund to be offered to an individual customer based at least one of a historical transaction of the individual customer, a credit rating of the individual customer, a credit score of the individual customer, and estimated or projected crop prices associated with the crop inputs to be purchased, and market prices of crop futures or option contracts for a corresponding projected crop maturity date.

14. The system according to claim 8 wherein the discretionary distribution module provides an electronic tool to the merchant for distribution of the funds among individual customers based on at least one of a historical transaction of an individual customer, a credit rating of the individual customer, a credit score of the individual customer, estimated or projected crop prices associated with the crop inputs to be purchased, a customer loyalty management program, and market prices of crop futures or option contracts for the projected crop maturity date.