Inverted tier rebate system
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United States of America Patent
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-
Dec 31, 2013
Grant Date -
May 5, 2005
app pub date -
Nov 3, 2003
filing date -
Nov 3, 2003
priority date (Note) -
In Force
status (Latency Note)
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Abstract
An inverted tier award system for financial alternatives to currency is presented, wherein a consumer using the financial alternative to currency is rewarded based on the purchases made by the consumer within a given time frame. Award rates can vary based on the total value of purchases made within a given time frame, with higher award rates assigned to lower value ranges to motivate those consumers to increase their purchases made using the financial alternative to currency. Additionally, higher award rates at lower value ranges can increase consumer loyalty and provide consumers access to their awards more quickly and more often. The award rates or award access can be modified to achieve greater profitability or to further other goals of the implementing organization.
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