System and method for networked loyalty program
First Claim
1. A method for facilitating a calculation of multiple reward tiers related to purchase data, the method comprising the steps of:
- receiving a consumer ID and a retailer ID;
receiving product description data which includes a purchase price, and a Stock Keeping Unit (SKU);
calculating a first set of reward points based on said consumer ID, said purchase price, and a first currency to point ratio corresponding to said SKU;
calculating a second set of reward points based on said consumer ID, said purchase price, and a second currency to point ratio corresponding to a universal product code (UPC) related to said SKU; and
,combining said first set of reward points and said second set of reward points within a loyalty account associated with said consumer ID.
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Abstract
The present invention provides a system for implementing a loyalty program on a network-wide level. The system associates UPC and SKU data on a network level to reward consumers and/or to analyze the data for a variety of business purposes, such as market segmentation analyses and/or analyses relating to consumer spending behaviors or patterns for example. In accordance with one aspect of the invention, the association of UPC and SKU data by the system facilitates implementation of an incentive or loyalty program by providing a universal rewards currency. This universal rewards currency may be “spent” by participants who have earned rewards and accepted by the other participants in the multi-tiered network created by the system. The network may comprise any number of participants, including consumers, retailers (and any of their employees), manufacturers, third-party providers, and the like. In accordance with another aspect of the invention, the association of UPC and SKU data by the system facilitates data analysis on a network level based upon several factors, including a consumer ID, consumer profile, retailer ID, SKU number, UPC, manufacturer ID, and/or the like. The system may compile any of the above data across multiple entities for the purpose of data analysis, such as analyses which may be employed in strategic planning and marketing for example.
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Citations
18 Claims
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1. A method for facilitating a calculation of multiple reward tiers related to purchase data, the method comprising the steps of:
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receiving a consumer ID and a retailer ID; receiving product description data which includes a purchase price, and a Stock Keeping Unit (SKU); calculating a first set of reward points based on said consumer ID, said purchase price, and a first currency to point ratio corresponding to said SKU; calculating a second set of reward points based on said consumer ID, said purchase price, and a second currency to point ratio corresponding to a universal product code (UPC) related to said SKU; and
,combining said first set of reward points and said second set of reward points within a loyalty account associated with said consumer ID. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A method for calculating multiple reward tiers related to purchase data, said method comprising:
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scanning a Stock Keeping Unit (SKU) at a retailer, wherein said SKU enables said retailer to identify an associated product; and
,transmitting, from said retailer, product description data, a consumer ID and a retailer ID to a rewards server, wherein said product description data includes a purchase price and said SKU, wherein said rewards server is configured to; receive and store product description data; associate said consumer ID, said retailer ID and said product description data; calculate a first set of reward points based on said consumer ID, said purchase price, and a first currency to point ratio corresponding to said retailer ID; calculate a second set of reward points based on said consumer ID, said purchase price, and a second currency to point ratio corresponding to said product description data; and
,combine said first set of reward points and said second set of reward points within a loyalty account associated with said consumer ID. - View Dependent Claims (18)
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Specification