Method for providing securities rewards to customers
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United States of America Patent
Stats
-
N/A
Issued Date -
Jan 2, 2003
app pub date -
May 9, 2002
filing date -
May 9, 2001
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A method for providing securities rewards to customers. To perform the method, a merchant registers a certain amount of stock for a reward program. Qualifying customers identify themselves when they make purchases from the merchant. The customers are given dollar value rewards for their purchases. A reward broker keeps track of the dollar value rewards during a reward period, and purchases an amount of the merchant's stock representing the total amount of dollar value rewards during the reward period. The reward broker then disaggregates the stock into individual customer accounts, based on the percentage of the dollar value rewards awarded to the corresponding individual customers.
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