ADAPTABLE RETAIL PRICING ENVIRONMENT AND ELECTRONIC EXCHANGE, DELIVERING CUSTOMIZED BRAND SWITCHING REWARDS AND DISCOUNTS
First Claim
1. An individualized discount and reward server, the server comprising:
- one or more linked databases to store customer data associated with a loyalty program of a retailer, the customer data including at least one retailer account and purchase history associated with a customer, the one or more linked databases indicating a predetermined number of top selling brands;
a processor configured to;
select a brand from a plurality of brands associated with an allocation category;
determine an amount the customer spends on the allocation category according to the purchase history associated with the customer;
determine a likelihood of brand switching indicating a likelihood of the customer purchasing the selected brand according to the purchase history associated with the customer, the likelihood of brand switching being one of high and low; and
allocate one or more brand switching offers for the selected brand to the at least one retailer account associated with the customer for the selected brand based on at least the amount the customer spends on the allocation category and the likelihood of brand switching, the one or more brand switching offers including a loyalty adjustment changing a general market price point of the selected brand.
6 Assignments
0 Petitions
Accused Products
Abstract
An individualized discount and reward server including one or more linked databases to store customer data associated with a loyalty program of a retailer, where the customer data including at least one retailer account and purchase history associated with a customer. The server further includes a processor to select a brand associated with an allocation category and determine an amount the customer spends on the allocation category. The processor determines a likelihood of brand switching indicating a likelihood of the customer purchasing the selected brand according to the purchase history associated with the customer. The processor also allocates one or more brand switching offers for the selected brand to the at least one retailer account associated with the customer for the selected brand based on at least the amount the customer spends on the allocation category and the likelihood of brand switching.
84 Citations
30 Claims
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1. An individualized discount and reward server, the server comprising:
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one or more linked databases to store customer data associated with a loyalty program of a retailer, the customer data including at least one retailer account and purchase history associated with a customer, the one or more linked databases indicating a predetermined number of top selling brands; a processor configured to; select a brand from a plurality of brands associated with an allocation category; determine an amount the customer spends on the allocation category according to the purchase history associated with the customer; determine a likelihood of brand switching indicating a likelihood of the customer purchasing the selected brand according to the purchase history associated with the customer, the likelihood of brand switching being one of high and low; and allocate one or more brand switching offers for the selected brand to the at least one retailer account associated with the customer for the selected brand based on at least the amount the customer spends on the allocation category and the likelihood of brand switching, the one or more brand switching offers including a loyalty adjustment changing a general market price point of the selected brand. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. An individualized discount and reward system, the system comprising:
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a server including; one or more linked databases to store customer data associated with a loyalty program of a retailer, the customer data including at least one retailer account and purchase history associated with a customer, the one or more linked databases indicating a predetermined number of top selling brands; a processor configured to; select a brand from a plurality of brands associated with an allocation category; determine an amount the customer spends on the allocation category according to the purchase history associated with the customer; determine a likelihood of brand switching indicating a likelihood of the customer purchasing the selected brand according to the purchase history associated with the customer, the likelihood of brand switching being one of high and low; allocate one or more brand switching offers for the selected brand to the at least one retailer account associated with the customer for the selected brand based on at least the amount the customer spends on the allocation category and the likelihood of brand switching, the one or more brand switching offers including a loyalty adjustment changing a general market price point of the selected brand; and a point of sale device to transmit a purchase notification to the server, the purchase notification specifying the retailer account associated with the customer and the selected brand. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A non-transitory computer readable medium having stored thereon computer executable instructions that when executed by a processor in an individualized discount and reward server causes the server to:
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store, in one or more linked databases, customer data associated with a loyalty program of a retailer, the customer data including at least one retailer account and purchase history associated with a customer, the one or more linked databases indicating a predetermined number of top selling brands; select a brand from a plurality of brands associated with an allocation category; determine an amount the customer spends on the allocation category according to the purchase history associated with the customer; determine a likelihood of brand switching indicating a likelihood of the customer purchasing the selected brand according to the purchase history associated with the customer, the likelihood of brand switching being one of high and low; and allocate one or more brand switching offers for the selected brand to the at least one retailer account associated with the customer for the selected brand based on at least the amount the customer spends on the allocation category and the likelihood of brand switching, the one or more brand switching offers including a loyalty adjustment changing a general market price point of the selected brand. - View Dependent Claims (22, 23, 24, 25, 26, 27, 28, 29, 30)
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Specification