Patronage incentive award system incorporating retirement accounts and method thereof
February 26, 2017. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.Patent ReferencesPurchasing system with rebate feature Centralized consumer cash value accumulation system for multiple merchants System and method for administration of incentive award program through use of credit Automated purchase reward accounting system and method Method and apparatus for releasing value of an asset Financial instruments and systems Centralized consumer cash valve accumulation system for multiple merchants Data processing system for hub and spoke financial services configuration Centralized consumer cash value accumulation system for multiple merchants Financial transaction network InventorsApplicationNo. 806166 filed on 02/26/1997US Classes:705/14, Distribution or redemption of coupon, or incentive or promotion program705/35, Finance (e.g., banking, investment or credit)705/39Including funds transfer or credit transactionExaminersPrimary: Kemper, Melanie A.Attorney, Agent or FirmInternational ClassG06F 017/60AbstractEmbodiments are disclosed of a patronage incentive system in which a monetary award is made to a customer's retirement account as incentive for the customer to participate in a transaction with the sponsor for the sponsor's goods or services. The system includes a means for identifying the customer, a means for inputting the identification information and other information about the transaction into a computer data storage, a computer data processing device which uses a software program along with the transactional information to calculate an incentive award amount a means for transferring the monetary funds equal to the incentive award amount from an incentive award pool to the customer's retirement account, and a means of reporting the incentive award amount to the customer and to the sponsor. Embodiments of a method of conducting a patronage incentive system of the present invention are also disclosed comprising the steps of inputting transactional information into a computer data storage device, calculating the incentive award amount through the use of a computer data processing device, transferring monetary funds equal to the incentive award amount from an incentive award pool to the customer's retirement account, and reporting the incentive award amount to the customer and to the sponsor.Other References
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