Customer award and incentive system

Number of patents in Portfolio can not be more than 2000

United States of America Patent

APP PUB NO 20020042742A1
SERIAL NO

09938950

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A system and method of rewarding customers is provided. Reward incentives in the form of equity in the seller are allocated to customers' accounts based on their purchasing activities. Purchase order records are periodically processed. Processing includes verification that requested equities are, available. It further includes aggregating the equity awards into larger lots that are then purchased in one or more buy transactions. The larger sized lots are then divided among the customer accounts from which the equity awards were taken. In this way orders may be processed without incurring relatively large transaction costs while allowing distribution of fractional amounts of equity shares. The method and apparatus of the present invention may be applied in particular in the context of an electronic commerce system.

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Patent Owner(s)

Patent OwnerAddress
GLOVER EILANDNot Provided

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Glover, Eiland Marietta, GA 2 131
Hogue, Stuart R San Francisco, CA 2 94

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