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Method and System for Advanced Reward Program

  • US 20070239523A1
  • Filed: 04/03/2006
  • Published: 10/11/2007
  • Est. Priority Date: 04/03/2006
  • Status: Abandoned Application
First Claim
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1. A method for a reward program operator to provide a customer a service of advancing reward points. The method comprising steps of:

  • a) conducting a credit evaluation on the customer and determining a limit of advance amount for the said customer. b) offering said customer choices and methods to make an reward points advance. Wherein said the offer also includes terms that said customer has to follow, among said terms are a minimum amortization amount requirement on specific time interval and action plans if said consumer defaults any part of the said terms. c) by accepting said offer, said customer incurring a debt in the form of reward point advance balance. d) using an electronic system to track the balance of reward points advance of said customer, amount of reward points said customer earns and all other reward points changes caused by pre-determined activities. e) informing said customer, in a predetermined time interval, the status of reward points and the amount of amortization said customer has to make before a specific date.

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