Computerized incentive program with plateau pricing and remote award redemption
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United States of America Patent
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Jun 22, 1999
Grant Date -
N/A
app pub date -
Dec 31, 1996
filing date -
Dec 31, 1996
priority date (Note) -
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status (Latency Note)
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Abstract
A computerized incentive program having plateau pricing and a personalized bank-account system, and permitting remote award redemption is disclosed. In one embodiment of the invention, a computerized incentive-program system includes a pricing component, which converts a price of each of a plurality of awards into award levels such that each price within a particular price range is converted to a single award level. The system also includes a bank account component, which tracks an award balance for each of a plurality of participants and permits each participant to redeem at least a portion of the award balance for an award. Finally, the system includes a certificate component, which permits a program participant to remotely redeem a certificate having a value at least a portion of the award balance by identifying a serial number unique to the certificate, upon conclusion of the incentive program.
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