System and method for providing financial account rewards programs

Patent metadata

Field	Value
Publication number	US-10607445-B2
Application number	US-201816031045-A
Country	US
Kind code	B2
Filing date	Jul 10, 2018
Priority date	Jul 10, 2018
Publication date	Mar 31, 2020
Grant date	Mar 31, 2020

Abstract

The present disclosure relates generally to a system that provides zero, one or more benefits to a consumer in association with the consumer utilizing an instrument associated with a qualifying financial account to purchase goods and/or services, wherein an amount of any benefits may be disproportionate to the value of the purchased goods and/or services.

First claim

The invention is claimed as follows:

1. A system comprising:
a processor; and
a memory device which stores a plurality of instructions, which when executed by the processor, cause the processor to:
maintain a progressive award pool,
randomly determine a progressive award triggering event associated with the progressive award pool,
responsive to receiving data of an approved purchase associated with a financial account maintained by a financial institution, increment the progressive award pool based on a purchase contribution rate associated with the progressive award pool and an amount of the approved purchase, and
responsive to the approved purchase being associated with an occurrence of the randomly determined progressive award triggering event:
determine, based on the incremented progressive award pool, an amount of a progressive award, and
cause the amount of the progressive award to be provided to a customer associated with the financial account.

2. The system of claim 1 , wherein the randomly determined progressive award triggering event occurs when the progressive award pool has incremented to at least a randomly determined threshold value.

3. The system of claim 1 , wherein the randomly determined progressive award triggering event occurs responsive to receiving data of the approved purchase within a period of time following a randomly determined point in time.

4. The system of claim 1 , wherein the financial account is selected from the group consisting of: a credit card account, a debit card account, and a pre-paid debit card account.

5. The system of claim 1 , wherein when executed by the processor responsive to the approved purchase being associated with the occurrence of the randomly determined progressive award triggering event, the instructions cause the processor to communicate fund data associated with the amount of the progressive award to the financial account.

6. The system of claim 1 , wherein when executed by the processor responsive to the approved purchase being associated with the occurrence of the randomly determined progressive award triggering event, the instructions cause the processor to communicate data which results in a display device displaying an indication of the amount of the progressive award to be provided to the customer associated with the financial account.

7. The system of claim 6 , wherein the display device is selected from the group consisting of: a display device of a point-of-sale terminal associated with the approved purchase, a display device adjacent to the point-of-sale terminal associated with the approved purchase, and a display device of a mobile device.

8. The system of claim 6 , wherein the displayed indication is selected from the group consisting of: an e-mail, a text message, a banner message in a mobile device application of a mobile device, a social media posting, and a website posting.

9. A system comprising:
a processor; and
a memory device which stores a plurality of instructions, which when executed by the processor, cause the processor to:
maintain a progressive award pool,
randomly determine a progressive award triggering event associated with the progressive award pool,
responsive to receiving data of an approved purchase associated with a financial account maintained by a financial institution, increment the progressive award pool based on a purchase contribution rate associated with the progressive award pool and an amount of the approved purchase, and
responsive to the approved purchase being associated with an occurrence of the randomly determined progressive award triggering event:
determine, based on the incremented progressive award pool, an amount of a progressive award,
associate a game entry with the determined amount of the progressive award, and
cause a customer associated with the approved purchase to be provided the game entry.

10. The system of claim 9 , wherein the randomly determined progressive award triggering event occurs when the progressive award pool has incremented to at least a randomly determined threshold value.

11. The system of claim 9 , wherein the randomly determined progressive award triggering event occurs responsive to receiving data of the approved purchase within a period of time following a randomly determined point in time.

12. The system of claim 9 , wherein the financial account is selected from the group consisting of: a credit card account, a debit card account, and a pre-paid debit card account.

13. The system of claim 9 , wherein when executed by the processor responsive to a redemption of the provided game entry, the instructions cause the processor to cause the amount of the progressive award to be provided to the customer.

14. The system of claim 13 , wherein then redemption of the provided game entry occurs in association with a play of a game.

15. The system of claim 14 , wherein the play of the game occurs remote from a point-of-sale terminal associated with the approved purchase.

16. The system of claim 9 , wherein when executed by the processor responsive to a game entry accumulation event which occurs independent of any approved purchase, the instructions cause the processor to generate another game entry.

17. A system comprising:
a processor; and
a memory device which stores a plurality of instructions, which when executed by the processor, cause the processor to:
maintain a progressive award pool associated with a plurality of credit card accounts,
randomly determine a progressive award triggering event associated with the progressive award pool,
responsive to receiving data of an approved retail purchase associated with one of the credit card accounts occurring at a point-of-sale terminal, increment the progressive award pool based on a purchase contribution rate associated with the progressive award pool and an amount of the approved retail purchase, and
responsive to the approved retail purchase being associated with an occurrence of the randomly determined progressive award triggering event:
determine, based on the incremented progressive award pool, an amount of a progressive award,
communicate data which results in a display device associated with the point-of-sale terminal displaying the amount of the progressive award, and
communicate fund transfer data which results in the amount of the progressive award being associated with the credit card account associated with the approved retail purchase.

18. The system of claim 17 , wherein the randomly determined progressive award triggering event occurs when the progressive award pool has incremented to at least a randomly determined threshold value.

19. The system of claim 17 , wherein the randomly determined progressive award triggering event occurs responsive to receiving data of the approved purchase within a period of time following a randomly determined point in time.

Assignees

• Igt Reno Nev

Inventors

• Higgins Kevin
• Shepherd Jeffery
• Davis Dwayne A
• Fisher Andrew

Classifications

• G06Q30/0238

  at point-of-sale [POS] · CPC title

• G07F17/3258

  Cumulative reward schemes, e.g. jackpots · CPC title

• G06Q30/0226

  Incentive systems for frequent usage, e.g. frequent flyer miles programs or point systems · CPC title

• G06Q30/0212 Primary

  Chance discounts or incentives · CPC title

• G07F17/3211

  Display means · CPC title