Method and System for Advanced Reward Program
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United States of America Patent
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N/A
Issued Date -
Oct 11, 2007
app pub date -
Apr 3, 2006
filing date -
Apr 3, 2006
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
The present invention provides business process, method and computer based techniques for reward program operators to offer reward point advance to their members. Both multi-partner and proprietary reward applications can utilize the present invention to attract new customers, retain existing customers and increase sales volume. A preferred embodiment of the present invention involves a credit account established by a financial institution, especially a credit card issuer. A coalition reward program can take full advantage of the present invention by leveraging value propositions of financial institutions, retailers, merchants, service providers, manufacturers, etc. A credit card issuer owning a reward platform can be at the best position to implement the present invention with minimal incremental investments.
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