Jack J Funda

Title: Innovator Jack J Funda: Pioneering Loyalty Incentive Systems

Introduction

Jack J Funda is an accomplished inventor based in Summit, NJ, with a notable portfolio of seven patents to his name. His innovations primarily focus on creating systems that enhance customer loyalty through technological solutions.

Latest Patents

One of Jack's latest patents introduces a system and method that provide rewards or loyalty incentives to card member customers. This innovative system includes an enrolled card member customer database, an enrolled merchant database, and a participating merchant offer database, along with a registered card processor. The registered card processor plays a crucial role in processing transactions by receiving records for purchases made by enrolled card member customers at participating merchants. It determines if the purchase qualifies for a rebate credit based on the enrolled merchant’s discount offer. If eligible, the rebate credit is provided directly to the customer’s account, enabling a coupon-less method for merchants to deliver incentive discounts effectively.

Career Highlights

Jack has had a distinguished career, having worked at several prestigious companies, including American Express Travel Related Services Company, Inc. These experiences have shaped his approach to innovation, allowing him to create solutions that blend customer satisfaction with business profitability.

Collaborations

Throughout his career, Jack has collaborated with esteemed colleagues, including Ruth L Aloni and Benzion T Axelrod. Their collective expertise has undoubtedly contributed to the success of his innovative projects.

Conclusion

Jack J Funda’s contributions to the field of incentives and rewards systems showcase his dedication to innovation. His developments are not only significant for businesses but also enhance the overall customer experience by streamlining the way rewards are processed and delivered.