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US 2004/0073480 A1Published application
Method of providing a credit card driven tuition incentive awards program
OwnerShlomo Nahmiasinventor
Life of this patent
Estimating the term…
Abstract
A program vendor teams up with a credit card issuer who gives the program vendor a certain percentage of the sales made by a member card holder. The program vendor than appropriates a certain percentage of this amount and forwards it to the card holder for participating in the tuition incentive awards program.
Claims20
A method of providing a credit card driven tuition incentive awards program, comprising the steps of:
- a) paying out, by a credit card issuer, as per an agreement between the credit card issuer and a program vendor, a percentage of credit card sales at a predetermined period, to the program vender;
- and
- b) placing, by at least one of the credit card issuer and the program vendor, the percentage of credit card sales in insured bank accounts collecting set interest.
Dependencies are inferred from the claim text.