SYSTEM AND METHOD FOR COLLECTING CONSUMER INFORMATION AND REWARDING CONSUMERS THEREFOR
First Claim
1. A method for collecting and using records of consumer information, where that information is verified for each consumer and the formation of redundant records is inhibited, comprising the steps of:
- (i) creating an account for at least one consumer in a record in a demographic database, the account including demographic information relating to the at least one consumer and identifying at least one transaction service provider used by the at least one consumer;
(ii) obtaining authorization from the at least one consumer to utilize the provided demographic information and to obtain transaction information relating to transactions made by the at least one consumer via the identified at least one transaction service provider and to store that transaction information in a record in a transaction database;
(iii) in return for compensation from an entity, allowing that entity to specify criteria to define consumers of interest and to examine the records in the demographic database and the transaction database to identify consumers meeting the specified criteria;
(iv) forwarding information from the entity to the identified consumers; and
(v) providing compensation to each identified consumer.
2 Assignments
0 Petitions
Accused Products
Abstract
A method and system is provided for obtaining, verifying, maintaining and using consumer information of interest including consumer demographic information and consumer transaction information. The information is obtained with the consent and participation of the consumers, which ensures that the resulting databases do not include redundant records, thus reducing the amount of database storage required for the databases and enhancing the ability to search and process the information stored therein. Because consumers provide the system and method with access to their transaction service providers, the system and method can provide the clients of the system with the ability to measure the success of their marketing campaigns using the system.
13 Citations
21 Claims
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1. A method for collecting and using records of consumer information, where that information is verified for each consumer and the formation of redundant records is inhibited, comprising the steps of:
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(i) creating an account for at least one consumer in a record in a demographic database, the account including demographic information relating to the at least one consumer and identifying at least one transaction service provider used by the at least one consumer; (ii) obtaining authorization from the at least one consumer to utilize the provided demographic information and to obtain transaction information relating to transactions made by the at least one consumer via the identified at least one transaction service provider and to store that transaction information in a record in a transaction database; (iii) in return for compensation from an entity, allowing that entity to specify criteria to define consumers of interest and to examine the records in the demographic database and the transaction database to identify consumers meeting the specified criteria; (iv) forwarding information from the entity to the identified consumers; and (v) providing compensation to each identified 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. A system for collecting and using records of consumer information which is verified for each consumer to inhibit the formation of redundant records, comprising:
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a consumer demographic database operable to receive and store records of demographic information relating to consumers participating in the system including, for each consumer, the identity of at least one transaction service provider used by the consumer; a transaction database operable to receive and store records of transaction information, received from the transaction service providers identified in the consumer demographic database, for each participating consumer; a data mining engine operable to, in response to an input data query, access information in records of the consumer demographic database and records of the transaction database to identify participating consumers who meet the conditions of the data query; and a compensation engine cooperating with the data mining engine to assign compensation to participating consumers identified by the data mining engine in response to the data query. - View Dependent Claims (20, 21)
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Specification