SYSTEM AND METHOD FOR DETERMINING AND AFFECTING A CHANGE IN CONSUMER BEHAVIOR
First Claim
1. A computer-implemented method comprising:
- obtaining, by a computer-based system capable of incentivizing positive behavior, consumer information associated with a first consumer, wherein the first consumer is associated with a transaction account;
offering, by the computer-based system, a first incentive to the first consumer;
analyzing, by the computer-based system, the consumer information associated with the first consumer to identify a change in consumer behavior in response to the first incentive, wherein the consumer behavior is associated with the first consumer;
determining, by the computer-based system, that at least a portion of the change in consumer behavior is attributable to the first incentive;
determining, by the computer-based system and based at least partially upon the change in consumer behavior, a level of effectiveness of the first incentive;
analyzing, by the computer-based system, the change in consumer behavior to determine a strategy to affect future consumer behavior;
identifying, by the computer-based system, a second incentive with a higher level of effectiveness than the first incentive;
determining, by the computer-based system, that the first consumer and a second consumer share a common behavior characteristic associated with making a payment on a transaction account; and
producing, by the computer-based system, output based at least partially upon the strategy, wherein the producing output comprises offering, by the computer-based system, the second incentive to the second consumer.
1 Assignment
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Accused Products
Abstract
The system evaluates a set of incentives based upon a variety of factors and/or predetermined rules and consumers are provided incentives when they satisfy one or more criteria of making payments for their transaction accounts. The one or more criteria include making an early payment, paying more than a minimum amount due, and making the payment through an automatic payment scheme. If a received payment satisfies one or more predefined criteria, one or more incentives are selected for the consumer, tracked, and provided to the consumer. The system analyzes payment information to determine attributes and positive (desirable) behavior and provides incentives to the consumer based on such positive behaviors.
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Citations
20 Claims
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1. A computer-implemented method comprising:
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obtaining, by a computer-based system capable of incentivizing positive behavior, consumer information associated with a first consumer, wherein the first consumer is associated with a transaction account; offering, by the computer-based system, a first incentive to the first consumer; analyzing, by the computer-based system, the consumer information associated with the first consumer to identify a change in consumer behavior in response to the first incentive, wherein the consumer behavior is associated with the first consumer; determining, by the computer-based system, that at least a portion of the change in consumer behavior is attributable to the first incentive; determining, by the computer-based system and based at least partially upon the change in consumer behavior, a level of effectiveness of the first incentive; analyzing, by the computer-based system, the change in consumer behavior to determine a strategy to affect future consumer behavior; identifying, by the computer-based system, a second incentive with a higher level of effectiveness than the first incentive; determining, by the computer-based system, that the first consumer and a second consumer share a common behavior characteristic associated with making a payment on a transaction account; and producing, by the computer-based system, output based at least partially upon the strategy, wherein the producing output comprises offering, by the computer-based system, the second incentive to the second consumer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18)
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19. An article of manufacture including a non-transitory, tangible computer readable storage medium having instructions stored thereon that, in response to execution by a computer-based system capable of incentivizing positive behavior, cause the computer-based system to be capable of performing operations comprising:
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obtaining, by the computer-based system, consumer information associated with a first consumer, wherein the first consumer is associated with a transaction account; offering, by the computer-based system, a first incentive to a first consumer; analyzing, by the computer-based system, the consumer information associated with the first consumer to identify a change in consumer behavior in response to the first incentive, wherein the consumer behavior is associated with the first consumer; determining, by the computer-based system, that at least a portion of the change in consumer behavior is attributable to the first incentive; determining, by the computer-based system and based at least partially upon the change in consumer behavior, a level of effectiveness of the first incentive; analyzing, by the computer-based system, the change in consumer behavior to determine a strategy to affect future consumer behavior; identifying, by the computer-based system, a second incentive with a higher level of effectiveness than the first incentive; determining, by the computer-based system, that the first consumer and a second consumer share a common behavior characteristic associated with making a payment on a transaction account; and producing, by the computer-based system, output based at least partially upon the strategy, wherein the producing output comprises offering, by the compute-based system, the second incentive to the second consumer.
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20. A system comprising:
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a processor capable of incentivizing positive behavior, a tangible, non-transitory memory configured to communicate with the processor, the tangible, non-transitory memory having instructions stored thereon that, in response to execution by the processor, cause the processor to be capable of performing operations comprising; obtaining, by the processor, consumer information associated with a first consumer, wherein the first consumer is associated with a transaction account; offering, by the processor, a first incentive to a first consumer; analyzing, by the processor, the consumer information associated with the first consumer to identify a change in consumer behavior in response to the first incentive, wherein the consumer behavior is associated with the first consumer; determining, by the processor, that at least a portion of the change in consumer behavior is attributable to the first incentive; determining, by the processor and based at least partially upon the change in consumer behavior, a level of effectiveness of the first incentive; analyzing, by the processor, the change in consumer behavior to determine a strategy to affect future consumer behavior; identifying, by the processor, a second incentive with a higher level of effectiveness than the first incentive; determining, by the processor, that the first consumer and a second consumer share a common behavior characteristic associated with making a payment on a transaction account; and producing, by the processor, output based at least partially upon the strategy, wherein the producing output comprises offering, by the processor, the second incentive to the second consumer.
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Specification