SYSTEM AND METHOD FOR COLLECTING CONSUMER INFORMATION AND REWARDING CONSUMERS THEREFOR

• US 20160092891A1
• Filed: 05/23/2014
• Published: 03/31/2016
• Est. Priority Date: 05/24/2013
• Status: Active Application

• Current Assignee: ‎Integrated Rewards Inc.
• Original Assignee: ‎Integrated Rewards Inc.
• Inventors: FLETT, John Dean
• Application Number:
  US14/890,807
• Publication Number:
  US 20160092891A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/384 using social networks
• CPC Class Codes: G06Q 30/0201 Market modelling; Market analysis; Collecting market data
• CPC Class Codes: G06Q 50/01 Social networking
• CPC Class Codes: H04L 63/10 for controlling access to devices or network resources
• CPC Class Codes: H04L 63/12 Applying verification of the received information cryptographic mechanisms or cryptographic arrangements for data integrity or data verification H04L9/32

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.

Claims

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. The method of claim 1 wherein the entity is a commercial entity and the forwarded information comprises sales and/or marketing information believed to be of interest to the identified consumers.

3. The method of claim 1 wherein the at least one transaction service provider is a credit card company.

4. The method of claim 1 wherein the at least one transaction service provider is an electronic payment service.

5. The method of claim 1 wherein the at least one transaction service provider is a loyalty program.

6. The method of claim 1 wherein the at least one transaction service provider is a monitoring and reporting application installed by the at least one consumer onto a web-enabled device.

7. The method of claim 1 wherein the at least one transaction service provider is a social media site.

8. The method of claim 1 wherein the at least one transaction service provider is a location monitoring and reporting application installed by the at least one consumer onto a mobile phone.

9. The method of claim 1 wherein the at least one consumer must provide a predefined minimum set of demographic information relating to the at least one consumer and can optionally provide additional demographic information.

10. The method of claim 9 wherein the at least one consumer receives compensation for providing the additional demographic information.

11. The method of claim 1 wherein the forwarding of information to the identified consumers is achieved by receiving the information electronically from the entity and emailing the received information to the identified consumers such that the entity does not have access to the email addresses of the identified consumers.

12. The method of claim 1 wherein the forwarding of information to the identified consumers is achieved by receiving printed information from the entity and mailing the received information to the identified consumers such that the entity does not have access to the addresses of the identified consumers.

13. The method of claim 1 wherein each identified consumer receives a portion of the compensation received from the entity as the compensation of step (v).

14. The method of claim 1 wherein the compensation of step (v) comprises a discount for services and/or products offered by the entity.

15. The method of claim 1 wherein the forwarding of information to the identified consumers is achieved by receiving the information electronically from the entity and loading that information into corresponding social media accounts of the identified consumers.

16. The method of claim 1 wherein the identification of consumers provided to the entity maintains the anonymity of the consumers.

17. The method of claim 1 further including the steps of:

for each of the identified consumers, determining whether the identified consumer has acted on the forwarded information from the entity; and

informing the entity of at least the number of identified consumers who have acted on the forwarded information.

18. The method of claim 17 wherein the forwarded information comprises an offer to the identified consumers.

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:

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.

20. The system according to claim 19 further comprising a web portal allowing participating consumers to access the system to determine the compensation they have been assigned by the compensation engine.

21. The system according to claim 19 further comprising a monitoring and reporting application which participating consumers can install on at least one web-enabled device to provide transaction information relating to the web based activities of the participating consumer to the transaction database.