Method and system for processing customized reward offers
DCFirst Claim
1. A device for providing and managing a customized reward offer to a holder of a financial account, said device comprising:
- a memory storing;
historical account data associated with said financial account; and
transaction data associated with said financial account; and
a processor operatively connected to said memory, said processor programmed to;
access said historical account data;
determine a first performance target associated with said financial account;
select a reward offer having an associated reward description;
collect and evaluate said transaction data to determine a second performance target associated with said financial account;
compare said transaction data to said first performance target; and
update said financial account to reflect said reward offer based on the step of comparing; and
an output device operatively connected to said processor, said output device adapted to transmit said first performance target and said reward description to said account holder.
10 Assignments
Litigations
0 Petitions
Accused Products
Abstract
The present invention is a method is for providing and managing a customized reward offer to a holder of a financial account. The method includes the step of accessing historical account data associated with the financial account. The method further includes the step of determining a first performance target associated with the financial account. The method also includes the steps of selecting a reward offer having an associated reward description and transmitting the first performance target and the reward description to the account holder. The method continues with the steps of collecting transaction data associated with the financial account and evaluating the collected transaction data to determine a second performance target associated with the financial account. The collected transaction data is then compared to said first performance target. If the collected transaction data exceeds the first performance target, the financial account is updated to reflect the reward. A system is also provided to implement the steps of the method.
811 Citations
46 Claims
-
1. A device for providing and managing a customized reward offer to a holder of a financial account, said device comprising:
-
a memory storing; historical account data associated with said financial account; and transaction data associated with said financial account; and a processor operatively connected to said memory, said processor programmed to; access said historical account data; determine a first performance target associated with said financial account; select a reward offer having an associated reward description; collect and evaluate said transaction data to determine a second performance target associated with said financial account; compare said transaction data to said first performance target; and update said financial account to reflect said reward offer based on the step of comparing; and an output device operatively connected to said processor, said output device adapted to transmit said first performance target and said reward description to said account holder. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21)
-
-
22. A system for providing and managing a customized reward offer to a holder of a financial account, said system comprising:
-
means for accessing historical account data associated with said financial account; means for determining a first performance target associated with said financial account; means for selecting a reward offer having an associated reward description; means for transmitting said first performance target and said reward description to said account holder; means for collecting transaction data associated with said financial account; means for evaluating said collected transaction data to determine a second performance target; means for comparing said collected transaction data to said first performance target; and means for updating said financial account to reflect said reward based on the step of comparing. - View Dependent Claims (23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44)
-
-
45. A device for providing and managing a customized reward offer associated with a credit card account, said device comprising:
-
a memory storing; historical account data associated with said credit card account; and transaction data associated with said credit card account; and a processor operatively connected to said memory, said processor programmed to; access historical account data; determine a first performance target associated with said credit card account; collect transaction data associated with said credit card account; and evaluate said collected transaction data to determine a second performance target associated with said credit card account; and an output device operatively connected to said processor, said output device adapted to transmit said first performance target and said reward description to said account holder.
-
-
46. A computer-readable storage medium encoded with processing instructions for implementing a method for providing a customized reward offer with a credit card account, said processing instructions for directing a computer to perform the steps of:
-
accessing historical account data associated with said credit card account; determining a first performance target associated with said credit card account; collecting transaction data associated with said credit card account; and evaluating said collected transaction data to determine a second performance target associated with said credit card account.
-
Specification