US6434534B1
Expired / Lapsed
US
⏱️ 0.0 years remaining
Method and system for processing customized reward offers
Assignee: PayPal Inc
•
Filing: 1999-10-21
•
Granted: 2002-08-13
•
Expires: 2019-10-21
Abstract
Abstract The present invention is a method is for providing and managing a customized reward offer to a holder of a financial account. The method includes the step of accessing historical account data associated with the financial account. The method further includes the step of determining a first performance target associated with the financial account. The method also includes the steps of selecting a reward offer having an associated reward description and transmitting the first performance target and the reward description to the account holder. The method continues with the steps of collecting transaction data associated with the financial account and evaluating the collected transaction data to determine a second performance target associated with the financial account. The collected transaction data is then compared to said first performance target. If the collected transaction data exceeds the first performance target, the financial account is updated to reflect the reward. A system is also provided to implement the steps of the method.
Inventors
- 👤 Jay S. Walker
- 👤 Sanjay K. Jindal
- 👤 Toby Weir-Jones
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-10-30 18:36
CPC Classifications
G; G06; G06Q; G06Q30/00; G06Q30/02; G06Q30/0207; G06Q30/0215; G06Q20/00; G06Q20/08; G06Q20/10; G06Q20/102; G06Q20/105; G06Q30/0211; G06Q30/0224; G06Q30/0226; G06Q30/0234; G06Q30/04; G06Q40/00; G06Q40/03; G06Q40/12
Claims Analysis
Total Claims: 49
Claim 1
Independent Claim
86 words
A method for providing and managing a customized reward offer to a holder of a financial account, said method comprising: accessing historical account data associated with said financial account; determining a first performance target associated with said financial account; selecting a reward offer having an associated reward description; transmitting said first performance target and said reward description to said account holder; collecting transaction data associated with said financial account; and evaluating said collected transaction data to determine a second performance target associated with said financial account.
Claim 2
Independent Claim
86 words
A method for providing and managing a customized reward offer to a holder of a financial account, said method comprising: accessing historical account data associated with said financial account; determining a first performance target associated with said financial account; selecting a reward offer having an associated reward description; transmitting said first performance target and said reward description to said account holder; collecting transaction data associated with said financial account; and evaluating said collected transaction data to determine a second performance target associated with said financial account.
Claim 3
Dependent Claim
16 words
The method of claim 1 wherein accessing historical account data includes deriving an average outstanding balance.
Claim 4
Dependent Claim
16 words
The method of claim 1 wherein accessing historical account data includes deriving an average charge volume.
Claim 5
Dependent Claim
21 words
The method of claim 1 wherein accessing historical account data includes deriving an average number of transactions over a predetermined period.
Claim 6
Dependent Claim
17 words
The method of claim 1 wherein accessing historical account data includes deriving an account holder behavior score.
Claim 7
Dependent Claim
17 words
The method of claim 1 wherein accessing historical account data includes deriving an account holder profitability score.
Claim 8
Dependent Claim
17 words
The method of claim 1 wherein accessing historical account data includes deriving an account holder credit score.
Claim 9
Dependent Claim
17 words
The method of claim 1 wherein accessing historical account data includes deriving an account holder performance score.
Claim 10
Dependent Claim
22 words
The method of claim 1 wherein selecting includes receiving preference data generated by said account holder, said preference data representing reward preferences.
Claim 11
Dependent Claim
18 words
The method of claim 9 wherein selecting includes transmitting a menu of reward options to said account holder.
Claim 12
Dependent Claim
13 words
The method of claim 1 wherein transmitting includes printing a periodic account statement.
Claim 13
Dependent Claim
17 words
The method of claim 1 wherein transmitting includes updating a database electronically accessible by said account holder.
Claim 14
Dependent Claim
17 words
The method of claim 1 wherein collecting includes periodically transmitting said transaction data to said account holder.
Claim 15
Dependent Claim
18 words
The method of claim 1 wherein evaluating includes comparing said collected transaction data to said historical account data.
Claim 16
Dependent Claim
17 words
The method of claim 1 wherein evaluating includes comparing said collected data to said first performance target.
Claim 17
Dependent Claim
21 words
The method of claim 1 wherein evaluating includes comparing said collected data and said historical data to said first performance target.
Claim 18
Dependent Claim
17 words
The method of claim 1 further comprising comparing said collected transaction data to said first performance target.
Claim 19
Dependent Claim
19 words
The method of claim 17 further comprising updating said financial account to reflect said reward based on said comparing.
Claim 20
Dependent Claim
12 words
The method of claim 18 wherein updating includes modifying an interest rate.
Claim 21
Dependent Claim
13 words
The method of claim 18 wherein updating includes modifying reward program point data.
Claim 22
Dependent Claim
18 words
The method of claim 20 wherein said point data represents frequent flyer miles accumulated by said account holder.
Claim 23
Dependent Claim
14 words
The method of claim 18 wherein updating includes modifying a minimum periodic payment parameter.
Claim 24
Dependent Claim
11 words
The method of claim 18 wherein updating includes processing a rebate.
Claim 25
Independent Claim
64 words
A method for providing a customized reward offer with a credit card account, said method comprising: accessing historical account data associated with said credit card account; determining a first performance target associated with said credit card account; collecting transaction data associated with said credit card account; and evaluating said collected transaction data to determine a second performance target associated with said credit card account.
Claim 26
Independent Claim
64 words
A method for providing a customized reward offer with a credit card account, said method comprising: accessing historical account data associated with said credit card account; determining a first performance target associated with said credit card account; collecting transaction data associated with said credit card account; and evaluating said collected transaction data to determine a second performance target associated with said credit card account.
Claim 27
Dependent Claim
16 words
The method of claim 24 wherein accessing historical account data includes deriving an average outstanding balance.
Claim 28
Dependent Claim
16 words
The method of claim 24 wherein accessing historical account data includes deriving an average charge volume.
Claim 29
Dependent Claim
21 words
The method of claim 24 wherein accessing historical account data includes deriving an average number of transactions over a predetermined period.
Claim 30
Dependent Claim
17 words
The method of claim 24 wherein accessing historical account data includes deriving an account holder behavior score.
Claim 31
Dependent Claim
17 words
The method of claim 24 wherein accessing historical account data includes deriving an account holder profitability score.
Claim 32
Dependent Claim
17 words
The method of claim 24 wherein accessing historical account data includes deriving an account holder credit score.
Claim 33
Dependent Claim
17 words
The method of claim 24 wherein accessing historical account data includes deriving an account holder performance score.
Claim 34
Dependent Claim
17 words
The method of claim 24 wherein collecting includes periodically transmitting said transaction data to said account holder.
Claim 35
Dependent Claim
18 words
The method of claim 24 wherein evaluating includes comparing said collected transaction data to said historical account data.
Claim 36
Dependent Claim
17 words
The method of claim 24 wherein evaluating includes comparing said collected data to said first performance target.
Claim 37
Dependent Claim
21 words
The method of claim 24 wherein evaluating includes comparing said collected data and said historical data to said first performance target.
Claim 38
Dependent Claim
16 words
The method of claim 24 further comprising selecting a reward offer having an associated reward description.
Claim 39
Dependent Claim
22 words
The method of claim 36 wherein selecting includes receiving preference data generated by said account holder, said preference data representing reward preferences.
Claim 40
Dependent Claim
18 words
The method of claim 37 wherein selecting includes transmitting a menu of reward options to said account holder.
Claim 41
Dependent Claim
20 words
The method of claim 36 further comprising transmitting said first performance target and said reward description to said account holder.
Claim 42
Dependent Claim
13 words
The method of claim 39 wherein transmitting includes printing a periodic account statement.
Claim 43
Dependent Claim
17 words
The method of claim 39 wherein transmitting includes updating a database electronically accessible by said account holder.
Claim 44
Dependent Claim
30 words
The method of claim 36 further comprising: comparing said collected transaction data to said first performance target; and updating said financial account to reflect said reward based on said comparing.
Claim 45
Dependent Claim
12 words
The method of claim 42 wherein updating includes modifying an interest rate.
Claim 46
Dependent Claim
13 words
The method of claim 42 wherein updating includes modifying reward program point data.
Claim 47
Dependent Claim
18 words
The method of claim 44 wherein said point data represents frequent flyer miles accumulated by said account holder.
Claim 48
Dependent Claim
14 words
The method of claim 42 wherein updating includes modifying a minimum periodic payment parameter.
Claim 49
Dependent Claim
11 words
The method of claim 42 wherein updating includes processing a rebate.
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USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 2005-08-12 | 2006-02-11 | 2006-08-13 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2009-08-12 | 2010-02-11 | 2010-08-13 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2013-08-12 | 2014-02-11 | 2014-08-13 | $7700.00 | Window Closed / Lapsed |