Computerized incentive program with plateau pricing and remote award redemption

• US 5,915,244 A
• Filed: 12/31/1996
• Issued: 06/22/1999
• Est. Priority Date: 12/31/1996
• Status: Expired due to Term

• Current Assignee: BI Performance Services
• Original Assignee: BI Performance Services
• Inventors: Binzen, Stephanie A, Jack, John M, Carson-Gamauf, Yuanita A
• Primary Examiner(s): Stamber, Eric W.
• Assistant Examiner(s): Kazimi, Hani M.
• Application Number:
  US08/775,493
• Time in Patent Office: 903 Days
• Field of Search: 705/1, 705/10, 705/11, 705/14, 235/380
• US Class Current: 705/14.17
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0215 Including financial accounts
• CPC Class Codes: G06Q 30/0225 Avoiding frauds
• CPC Class Codes: G06Q 30/0236 Incentive or reward received by requiring registration or ID from user

Abstract

A computerized incentive program having plateau pricing and a personalized bank-account system, and permitting remote award redemption is disclosed. In one embodiment of the invention, a computerized incentive-program system includes a pricing component, which converts a price of each of a plurality of awards into award levels such that each price within a particular price range is converted to a single award level. The system also includes a bank account component, which tracks an award balance for each of a plurality of participants and permits each participant to redeem at least a portion of the award balance for an award. Finally, the system includes a certificate component, which permits a program participant to remotely redeem a certificate having a value at least a portion of the award balance by identifying a serial number unique to the certificate, upon conclusion of the incentive program.

Claims

1. A computerized incentive program system comprising:

a pricing component to convert a price of each of a plurality of awards into a number of award levels such that each price within a particular price range is converted to an award level;

a bank account component, operatively coupled to the pricing component, comprising;

an award calculation/issuance component to track an award balance for each of a plurality of program participants; and

,

a redemption component operatively coupled to the award calculation/issuance component to permit a program participant to redeem at least a portion of the award balance of the participant for an award; and

,

a certificate component, operatively coupled to the bank account component, comprising;

a certificate issuance component to issue a certificate to a program participant for a value of at least a portion of the award balance of the program participant upon conclusion of the incentive program;

a certificate tracking component operatively coupled to the certificate issuance component to track the value of the certificate by a serial number of the certificate; and

,

a certificate redemption component operatively coupled to the certificate tracking component to permit the program participant to remotely redeem at least a portion of the value of the certificate for an award by identifying the serial number of the certificate.

2. The computerized incentive program system of claim 1, wherein earnings are added to the award balance of a program participant upon occurrence of an event associated with the program participant.

3. The computerized incentive program system of claim 1, wherein the award calculation component tracks an award balance for each of a plurality of program participants by a personal account number unique to each program participant.

4. A computerized incentive program system comprising:

a pricing component to convert a price of each of a plurality of awards into a number of award levels such that each price within a particular price range is converted to an award level;

a bank account component operatively coupled to the pricing component to track an award balance for each of a plurality of participants and permit each participant to redeem at least a portion of the award balance for an award; and

,

a certificate issuance component operatively coupled to the bank account component to permit a program participant to remotely redeem a certificate having a value of at least a portion of the award balance by identifying a serial number unique to the certificate, upon conclusion of the incentive program.

5. The computerized incentive program system of claim 4, wherein earnings are added to the award balance of a program participant upon occurrence of an event associated with the program participant.

6. The computerized incentive program system of claim 4, wherein the bank account component tracks an award balance for each of a plurality of program participants by a personal account number unique to each program participant.

7. The computerized incentive program system of claim 4, wherein the bank account component comprises:

an award calculation/issuance component to track an award balance for each of a plurality of program participants; and

,

a redemption component operatively coupled to the award calculation/issuance component to permit a program participant to redeem at least a portion of the award balance of the participant for an award.

8. The computerized incentive program system of claim 4, wherein the certificate component comprises:

a certificate issuance component to issue a certificate to a program participant for a value of at least a portion of the award balance of the program participant upon conclusion of the incentive program;

a certificate tracking component operatively coupled to the certificate issuance component to track the value of the certificate by a serial number of the certificate; and

,

a certificate redemption component operatively coupled to the certificate tracking component to permit the program participant to remotely redeem at least a portion of the value of the certificate for an award by identifying the serial number of the certificate.

9. A computer-implemented method for converting a price of each of a plurality of awards to a number of award levels, in conjunction with a computerized incentive program system having at least a bank account component and a certificate component, the method comprising the steps of:

categorizing each award by price into one of a plurality of price ranges;

assigning each award to an award level according to the price range into which the award has been categorized;

loading the award level for each award into a database stored on a computerized storage system, wherein each award within a particular price range has an award level; and

a certificate issuance component operatively coupled to the bank account component to permit a program participant to remotely redeem a certificate having a value of at least a portion of the award balance by identifying a serial number unique to the certificate, upon conclusion of the incentive program.

10. The method of claim 9, further comprising the step of verifying that each award represents a good value as compared to other items in the award level assigned to the award.

11. The method of claim 9, further comprising the step of verifying that each award represents an acceptable gross margin as compared to the award level assigned to the award.

12. A computer-implemented method for permitting a program participant to remotely redeem at least a portion of an award value of a certificate for an award, in conjunction with a computerized incentive program system having at least a bank account component, the method comprising the steps of:

obtaining from the program participant a serial number of the certificate;

comparing the serial number of the certificate against a database stored on a computerized storage system to verify that the certificate is valid;

obtaining from the program participant an item number of an award, wherein the award is selected from a plurality of awards, such that a price of each of the plurality of awards is converted into a number of award levels and such that each price within a particular price range is converted to an award level;

reducing the award value of the certificate by the award value associated with the award; and

,

a certificate issuance component operatively coupled to the bank account component to permit a program participant to remotely redeem a certificate having a value of at least a portion of the award balance by identifying a serial number unique to the certificate, upon conclusion of the incentive program.

13. A computer comprising:

at least one processor;

at least one memory, operatively coupled to the processor;

means for converting a price of each of a plurality of awards into a number of award levels such that each price within a particular price range is converted to an award level;

means for tracking an award balance for each of a plurality of program participants;

means for permitting a program participant to redeem at least a portion of the award balance of the participant for an award;

means for issuing a certificate to a program participant for a value of at least a portion of the award balance of the program participant upon conclusion of the incentive program;

means for tracking the value of the certificate by a serial number of the certificate;

means for permitting the program participant to remotely redeeming at least a portion of the value of the certificate for an award by identifying the serial number of the certificate.