Fully funded reward program

Number of patents in Portfolio can not be more than 2000

United States of America Patent

APP PUB NO 20040215507A1
SERIAL NO

10189859

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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Fully funded reward program that rewards businesses that purchase goods and services from member merchants by depositing a portion of the purchase price in a bank account which may only be used to fund travel for the business. A method includes establishing a network of sellers and buyers in which the buyers receive a sales based reward and the sellers pay a sales based commission to an administrator. The administrator is unaffiliated with either the buyers or the sellers. The sales based commission is divided between a buyer component, which becomes the sales based reward, and an administrative component. The buyer component is deposited into a segregated reward bank account such that the balance in the reward bank account is fully funded.

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Patent Owner(s)

Patent OwnerAddress
REWARDS SYSTEMS INCLEVEL 5 NO 1 JAMES PLACE NORTH SYDNEY NS 2060

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Aynsley, Peter R Blacktown, AU 1 76
Levitt, Roger A Terry Hills, AU 1 76
Smith, Gary J Wahronega, AU 24 293

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