The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Nov. 12, 2019
Filed:
Aug. 08, 2011
Jasper Angus Malcolmson, San Francisco, CA (US);
Ashish Baldua, San Jose, CA (US);
Gustavo Both Bitdinger, Chicago, IL (US);
Lisa Marie Bruggeman, San Francisco, CA (US);
Andy Bodart, Santa Clara, CA (US);
Kenneth Ivar Kronquist, San Jose, CA (US);
Jasper Angus Malcolmson, San Francisco, CA (US);
Ashish Baldua, San Jose, CA (US);
Gustavo Both Bitdinger, Chicago, IL (US);
Lisa Marie Bruggeman, San Francisco, CA (US);
Andy Bodart, Santa Clara, CA (US);
Kenneth Ivar Kronquist, San Jose, CA (US);
JPMORGAN CHASE BANK, N.A., New York, NY (US);
Abstract
This invention discloses a novel system and method for implementing an electronic customer loyalty rewarding service that awards credits for continued patronage of a vendor, where the credits can be spent at the vendor or with other vendors that participate in the service. The disclosure further includes an embodiment where the system automatically calculates a discount voucher deal for a vendor with a guarantee spend amount per customer that uses the voucher. The system automatically trades these transactions in order to either electronically pay the guarantee or collect a commission on the overspend above the guarantee.