Administering incentive award program
First Claim
Patent Images
1. A computer based method for carrying out an incentive award program by a business entity comprising the steps of:
- a. participating in a quantifiable transaction, the quantifiable transaction having at least two transacting parties,b. determining at least one of the transacting parties to be a recipient of an incentive award offered by the business entity,c. choosing as the incentive award an investment vehicle that is equity in the incentive award program,d. calculating the incentive award according to the formula;
Fn=F1Rn-1,wheren is the current period since the onset of carrying out the method;
F1 is the fraction of ownership rights in the chosen equity provided to the recipient in the first period of carrying out the method;
Fn is the fraction of ownership rights in the chosen equity provided to the recipient in the current period of carrying out the method;
R is a multiplier fraction greater than zero and less than one by which the provided fraction of ownership rights changes in successive periods;
e. providing the chosen incentive award to the recipient,f. carrying out steps a–
e using at least one computer processor and at least one computer storage means,wherein the business entity is selected from the group consisting of the owner of the incentive award program and an authorized operator of the incentive award program.
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Abstract
Provided are computer based methods and apparatus for carrying out an incentive award program by a business entity, comprising the steps of participating in a transaction having at least two parties, determining at least one of these parties to be an award recipient, and providing the award, wherein the award includes at least one investment chosen from a plurality of vehicles for investment and wherein the business entity may be the owner or an authorized operator of the incentive award program.
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Citations
109 Claims
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1. A computer based method for carrying out an incentive award program by a business entity comprising the steps of:
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a. participating in a quantifiable transaction, the quantifiable transaction having at least two transacting parties, b. determining at least one of the transacting parties to be a recipient of an incentive award offered by the business entity, c. choosing as the incentive award an investment vehicle that is equity in the incentive award program, d. calculating the incentive award according to the formula;
Fn=F1Rn-1,where n is the current period since the onset of carrying out the method; F1 is the fraction of ownership rights in the chosen equity provided to the recipient in the first period of carrying out the method; Fn is the fraction of ownership rights in the chosen equity provided to the recipient in the current period of carrying out the method; R is a multiplier fraction greater than zero and less than one by which the provided fraction of ownership rights changes in successive periods; e. providing the chosen incentive award to the recipient, f. carrying out steps a–
e using at least one computer processor and at least one computer storage means,wherein the business entity is selected from the group consisting of the owner of the incentive award program and an authorized operator of the incentive award program. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28)
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29. A computer based method for carrying out an incentive award program by a business entity through an Internet portal site comprising the steps of:
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a. participating in a quantifiable transaction, the quantifiable transaction having at least two transacting parties and being transacted through an Internet portal site, b. determining at least one of the transacting parties to be a recipient of an incentive award offered by the business entity, c. choosing as the incentive award an investment vehicle that is equity in the incentive award program, d. calculating the incentive award according to the formula;
Fn=F1Rn-1,where n is the current period since the onset of carrying out the method; F1 is the fraction of ownership rights in the chosen equity provided to the recipient in the first period of carrying out the method; Fn is the fraction of ownership rights in the chosen equity provided to the recipient in the current period of carrying out the method; R is a multiplier fraction greater than zero and less than one by which the provided fraction of ownership rights changes in successive periods; e. providing the chosen incentive award to the recipient, wherein the business entity is selected from the group consisting of the owner of the incentive award program and an authorized operator of the incentive award program. - View Dependent Claims (30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53)
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54. A computer based method for carrying out an incentive award program by a business entity over a communications network comprising the steps of:
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a. participating in a quantifiable transaction, the quantifiable transaction having at least two transacting parties, and at least part of the quantifiable transaction being transacted on a communications network, b. determining at least one of the transacting parties to be a recipient of an incentive award offered by the business entity; c. choosing as the incentive award an investment vehicle that is equity in the incentive award program, d. calculating the incentive award according to the formula;
Fn=F1Rn-1,where n is the current period since the onset of carrying out the method; F1 is the fraction of ownership rights in the chosen equity provided to the recipient in the first period of carrying out the method; Fn is the fraction of ownership rights in the chosen equity provided to the recipient in the current period of carrying out the method; R is a multiplier fraction greater than zero and less than one by which the provided fraction of ownership rights changes in successive periods; e. providing the chosen incentive award to the recipient, f. carrying out steps a–
e using at least one computer processor and at least one computer storage means,wherein the business entity is selected from the group consisting of the owner of the incentive award program and an authorized operator of the incentive award program. - View Dependent Claims (55, 56, 57)
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58. A computer based method for carrying out an incentive award program by a business entity comprising the steps of:
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a. participating in a quantifiable transaction, the quantifiable transaction having at least two transacting parties, b. determining at least one of the transacting parties to be a recipient of an incentive award offered by the business entity, c. choosing as the incentive award an investment vehicle that is equity in the incentive award program, d. calculating the incentive award according to the formula;
Fn=F1Rn-1,where n is the current period since the onset of carrying out the method; F1 is the fraction of ownership rights in the chosen equity provided to the recipient in the first period of carrying out the method; Fn is the fraction of ownership rights in the chosen equity provided to the recipient in the current period of carrying out the method; R is a multiplier fraction greater than zero and less than one by which the provided fraction of ownership rights changes in successive periods; e. providing the chosen incentive award to the recipient, f. displaying at least one certifying mark, the mark identifying the incentive award program, g. carrying out steps a–
e and optionally step f using at least one computer processor and at least one computer storage means,wherein the business entity is selected from the group consisting of the owner of the incentive award program and an authorized operator of the incentive award program. - View Dependent Claims (59, 60)
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61. A computer based method for carrying out an incentive award program by a business entity through an Internet portal site comprising the steps of:
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a. participating in a quantifiable transaction, the quantifiable transaction having at least two transacting parties, and being transacted through an Internet portal site, b. determining at least one of the transacting parties to be a recipient of an incentive award offered by the business entity, c. choosing as the incentive award an investment vehicle that is equity in the incentive award program, d. calculating the incentive award according to the formula;
Fn=F1Rn-1,where n is the current period since the onset of carrying out the method; F1 is the fraction of ownership rights in the chosen equity provided to the recipient in the first period of carrying out the method; Fn is the fraction of ownership rights in the chosen equity provided to the recipient in the current period of carrying out the method; R is a multiplier fraction greater than zero and less than one by which the provided fraction of ownership rights changes in successive periods; e. providing the chosen incentive award to the recipient, f. displaying at least one certifying mark, the mark identifying the incentive award program, wherein the business entity is selected from the group consisting of the owner of the incentive award program and an authorized operator of the incentive award program, wherein the authorized operator has authority to carry out at least in part the incentive award program. - View Dependent Claims (62, 63, 64)
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65. A computer based method for carrying out an incentive award program by a business entity comprising the steps of:
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a. participating in a quantifiable transaction, the quantifiable transaction having at least two transacting parties, b. determining at least one of the transacting parties to be a recipient of an incentive award offered by the business entity, c. choosing as the incentive award an investment vehicle that is equity in the incentive award program, d. calculating the incentive award according to the formula;
Fn=F1Rn-1,where n is the current period since the onset of carrying out the method; F1 is the fraction of ownership rights in the chosen equity provided to the recipient in the first period of carrying out the method; Fn is the fraction of ownership rights in the chosen equity provided to the recipient in the current period of carrying out the method; R is a multiplier fraction greater than zero and less than one by which the provided fraction of ownership rights changes in successive periods; e. providing the chosen incentive award to the recipient, f. providing at least one transacting party in the quantifiable transaction a chance to win in a lottery the incentive award, and g. carrying out steps a–
f using at least one computer processor and at least one computer storage means,wherein the business entity is selected from the group consisting of the owner of the incentive award program and an authorized operator of the incentive award program, wherein the authorized operator has authority to carry out at least in part the incentive award program. - View Dependent Claims (67)
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66. A computer based method for carrying out an incentive award program by a business entity through an Internet portal site comprising the steps of:
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a. participating in a quantifiable transaction, the quantifiable transaction having at least two transacting parties, and being transacted through an Internet portal site, b. determining at least one of the transacting parties to be a recipient of an incentive award offered by the business entity, c. choosing as the incentive award an investment vehicle that is equity in the incentive award program, d. calculating the incentive award according to the formula;
Fn=F1Rn-1,where n is the current period since the onset of carrying out the method; F1 is the fraction of ownership rights in the chosen equity provided to the recipient in the first period of carrying out the method; Fn is the fraction of ownership rights in the chosen equity provided to the recipient in the current period of carrying out the method; R is a multiplier fraction greater than zero and less than one by which the provided fraction of ownership rights changes in successive periods; e. providing the chosen incentive award to the recipient, f. providing at least one transacting party in the quantifiable transaction a chance to win at least one prize in a lottery as an incentive award, the prize being an investment vehicle that is equity in the incentive award program, wherein the business entity is selected from the group consisting of the owner of the incentive award program and an authorized operator of the incentive award program, wherein the authorized operator has authority to carry out at least in part the incentive award program.
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68. A computer-executed method for implementing an incentive award program by a business entity comprising a computer processor and a computer memory storage device, said method comprising:
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a. inputting into the storage device logic providing an incentive award for each of a plurality of quantifiable transactions; b. receiving signals representing data descriptive of a quantifiable transaction for which an incentive award is offered; c. determining at least one recipient of the incentive award; d. transmitting and receiving signals representing data indicative of a chosen incentive award, wherein the incentive award is an investment vehicle that is equity in the incentive award program, e. calculating the incentive award according to the formula;
Fn=F1Rn-1,where n is the current period since the onset of carrying out the method; F1 is the fraction of ownership rights in the chosen equity provided to the recipient in the first period of carrying out the method; Fn is the fraction of ownership rights in the chosen equity provided to the recipient in the current period of carrying out the method; R is a multiplier fraction greater than zero and less than one by which the provided fraction of ownership rights changes in successive periods; e. providing the incentive award, and f. cashing-in the incentive award, wherein the business entity is selected from the group consisting of the owner of the incentive award program and an authorized operator of the incentive award program, wherein the authorized operator has authority to carry out at least in part the incentive award program. - View Dependent Claims (69, 70, 71, 72, 73)
b. conveying to the recipient the monetary value of the balance in the account.
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73. The method of claim 68, wherein cashing-in the incentive award comprises using stored logic, and the stored result:
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a. determining from the stored logic and the stored result that a balance in the account is eligible to be disbursed; b. issuing instruments of ownership in an investment vehicle that is equity in the incentive award program; c. selling the issued instruments of ownership; d. conveying to the recipient the monetary value of the sold instruments in an amount equal to recipient'"'"'s balance in the account.
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74. An apparatus for carrying out an incentive award program by a business entity, the apparatus comprising:
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a. a computer memory storage device; b. a computer processor connected to the storage device; c. the storage device storing a program for controlling the processor, d. and the processor operative with the program to perform the steps of; e. participating in a quantifiable transaction, said transaction having at least two transacting parties, f. determining at least one of the transacting parties to be a recipient of an incentive award offered by the business entity, the incentive award comprising at least one investment chosen from a plurality of vehicles for investment, g. choosing as the incentive award an investment vehicle that is equity in the incentive award program, h. calculating the incentive award according to the formula;
Fn=F1Rn-1,where n is the current period since the onset of carrying out the method; F1 is the fraction of ownership rights in the chosen equity provided to the recipient in the first period of carrying out the method; Fn is the fraction of ownership rights in the chosen equity provided to the recipient in the current period of carrying out the method; R is a multiplier fraction greater than zero and less than one by which the provided fraction of ownership rights changes in successive periods; i. providing the chosen incentive award to the recipient, wherein the business entity is selected from the group consisting of the owner of the incentive award program and an authorized operator of the incentive award program, wherein at least one authorized operator is carrying out at least in part the incentive award program. - View Dependent Claims (75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98, 99, 100)
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101. An apparatus for carrying out an incentive award program by a business entity, through an Internet portal site, the apparatus comprising:
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a. a computer memory storage device; b. a computer process operated by the business entity and connected to the storage device; c. the storage device storing a program for controlling the processor; d. and the processor operative with the program to perform the steps of; e. participating in a quantifiable transaction, the quantifiable transaction having at least two transacting parties and being transacted through an Internet portal site, f. determining at least one of the transacting parties to be a recipient of an incentive award offered by the business entity, g. choosing as the incentive award an investment vehicle that is equity in the incentive award program, h. calculating the incentive award according to the formula;
Fn=F1Rn-1,where n is the current period since the onset of carrying out the method; F1 is the fraction of ownership rights in the chosen equity provided to the recipient in the first period of carrying out the method; Fn is the fraction of ownership rights in the chosen equity provided to the recipient in the current period of carrying out the method; R is a multiplier fraction greater than zero and less than one by which the provided fraction of ownership rights changes in successive periods; i. providing the chosen incentive award to the recipient, wherein the business entity is selected from the group consisting of the owner of the incentive award program and an authorized operator of the incentive award program, wherein the authorized operator has authority to carry out at least in part the incentive award program. - View Dependent Claims (102, 103)
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104. An apparatus for carrying out an incentive award program by a business entity over a communications network, the apparatus comprising:
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a. a computer memory storage device; and b. a computer processor connected to the storage device; c. the storage device storing a program for controlling the processor, and d. the processor operative with the program to perform the steps of; e. participating in a quantifiable transaction, the quantifiable transaction having at least two transacting parties, and at least part of the quantifiable transaction being transacted on a communications network, f. determining at least one of the transacting parties to be a recipient of an incentive award offered by the business entity, g. choosing as the incentive award an investment vehicle that is equity in the incentive award program, h. calculating the incentive award according to the formula;
Fn=F1Rn-1,where n is the current period since the onset of carrying out the method; F1 is the fraction of ownership rights in the chosen equity provided to the recipient in the first period of carrying out the method; Fn is the fraction of ownership rights in the chosen equity provided to the recipient in the current period of carrying out the method; R is a multiplier fraction greater than zero and less than one by which the provided fraction of ownership rights changes in successive periods; i. providing the chosen incentive award to the recipient, wherein the business entity is selected from the group consisting of the owner of the incentive award program and an authorized operator of the incentive award program, wherein the authorized operator has authority to carry out at least in part the incentive award program, and wherein the communications network comprises a communication means for conducting a transaction, wherein the transaction is selected from the group consisting of credit transactions, credit card transactions, debit transactions, debit card transactions, smart card transactions, wire transfer transactions, line of credit transactions, Internet transactions, auctions, reverse auctions and lotteries. - View Dependent Claims (105, 106)
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107. An apparatus for carrying out an incentive award program by a business entity, the apparatus comprising:
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a. a computer memory storage device; b. a computer processor operated by the business entity and connected to the storage device; c. the storage device storing a program for controlling the processor, d. and the processor operative with the program to perform the steps of; e. participating in a quantifiable transaction, the quantifiable transaction having at least two transacting parties, f. determining at least one of the transacting parties to be a recipient of an incentive award offered by the business entity, the incentive award comprising at least one investment chosen from a plurality of vehicles for investment, g. choosing as the incentive award an investment vehicle that is equity in the incentive award program, h. calculating the incentive award according to the formula;
Fn=F1Rn-1,where n is the current period since the onset of carrying out the method; F1 is the fraction of ownership rights in the chosen equity provided to the recipient in the first period of carrying out the method; Fn is the fraction of ownership rights in the chosen equity provided to the recipient in the current period of carrying out the method; R is a multiplier fraction greater than zero and less than one by which the provided fraction of ownership rights changes in successive periods; i. providing the chosen incentive award to the recipient, j. displaying at least one certifying mark, the mark identifying the incentive award program, wherein the business entity is selected from the group consisting of the owner of the incentive award program and an authorized operator of the incentive award program, wherein the authorized operator has authority to carry out at least in part the incentive award program.
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108. An apparatus for carrying out an incentive award program by a business entity, the apparatus comprising:
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a. a computer memory storage device; b. a computer processor operated by the business entity and connected to the storage device; c. the storage device storing a program for controlling the processor, d. and the processor operative with the program to perform the steps of; e. participating in a quantifiable transaction, the quantifiable transaction having at least two transacting parties, f. determining at least one of the transacting parties to be a recipient of an incentive award offered by the business entity, the incentive award comprising at least one investment chosen from a plurality of vehicles for investment, g. choosing as the incentive award an investment vehicle that is equity in the incentive award program, h. calculating the incentive award according to the formula;
Fn=F1Rn-1,where n is the current period since the onset of carrying out the method; F1 is the fraction of ownership rights in the chosen equity provided to the recipient in the first period of carrying out the method; Fn is the fraction of ownership rights in the chosen equity provided to the recipient in the current period of carrying out the method; R is a multiplier fraction greater than zero and less than one by which the provided fraction of ownership rights changes in successive periods; i. providing the chosen incentive award to the recipient, j. providing at least one transacting party in the quantifiable transaction a chance in a lottery the incentive award, wherein the business entity is selected from the group consisting of the owner of the incentive award program and an authorized operator of the incentive award program, wherein the authorized operator has authority to carry out at least in part the incentive award program.
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109. An apparatus for implementing an incentive award program carried out by a business entity, the apparatus comprising:
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a. a computer memory storage device; b. a computer processor operated by the business entity and connected to the storage device; c. the storage device storing a program for controlling the processor, d. and the processor operative with the program to perform the steps of; e. inputting into the storage device logic comprising terms and conditions for providing an incentive award for each of a plurality of quantifiable transactions; f. receiving signals representing data descriptive of a quantifiable transaction for which an incentive award is offered; g. determining at least one recipient of the incentive award; h. transmitting and receiving signals representing data indicative of a chosen incentive award, wherein the incentive award is an investment vehicle that is equity in the incentive award program; i. calculating the incentive award according to the formula;
Fn=F1Rn-1,where n is the current period since the onset of carrying out the method; F1 is the fraction of ownership rights in the chosen equity provided to the recipient in the first period of carrying out the method; Fn is the fraction of ownership rights in the chosen equity provided to the recipient in the current period of carrying out the method; R is a multiplier fraction greater than zero and less than one by which the provided fraction of ownership rights changes in successive periods; j. providing the incentive award, and k. cashing-in the incentive award, wherein the business entity is selected from the group consisting of the owner of the incentive award program and an authorized operator of the incentive award program, wherein the authorized operator has authority to carry out at least in part the incentive award program.
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Specification