US 2025/0078109 A1Published application

Customer loyalty rewards method

AssigneeVerde Global Sdn Bhd

InventorsKenneth Gerard PEREIRA, Wai Peng LAI

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Abstract

A method that mobilizes mass collective action; utilizes current technology; leverages on digital and print media marketing channels; optimizes the utility of Rewards Programs; uses a restricted investment mandate; and uses the attractive feature that the method in itself multiplies the value initially obtained through participation in Rewards Programs, towards the achievement of the goals of a Climate Agreement or a general improvement of the environment. The greatest impediment to the achievement of the abovementioned goals is the securing of the necessary capital that will catalyze the delivery of the objectives. The method enables the funding that is necessary to be secured, painlessly and urgently. The democratization of the financial responsibility towards the achievement of an improvement to the environment using the disclosed mechanism also results in an outcome that financial returns are also a shared benefit.

A method of mass retail funding of projects and initiatives, based on the benefits that originate from Rewards Programmes, which supports the goals of a Climate Agreement or an overall improvement to the environment whilst also delivering modest financial returns to those committing the benefits initially derived from their Rewards Programmes, comprising:

an agreed business arrangement between a Business Entity and a supplier in which Rewards Programmes granted to Customers by suppliers of the Customers derive returns which are then redistributed to the Customers;
a digital application, running on a mobile device and/or computer, that allows the Customers to opt for their rewards and benefits to be assigned to the business entity for the mandated investments in projects and initiatives which support the goals of a Climate Agreement or an overall improvement to the environment;
a portal or website through which the Customers can sight the operational status of their investments and the returns accruing to them as a result of such investments;
a system and process to ensure that personal data of the Customers as known to the suppliers is kept invisible to the business entity for competitive and personal data protection reasons, wherein a Unique Personal Identifier would be assigned to each Customer, where solely the Suppliers would have full knowledge of the real identity and the corresponding UPI of each of their Customers;
Customers would have full knowledge of their individual UPI and would access the digital application using this UPI;
the business entity would only operate with UPIs and would not know the corresponding identity and personal data relating to Customers unless Customers directly register with the business entity;
a quantitative and qualitative relationship between the benefits or rewards secured through the purchase of goods or services from the suppliers by the Customers and a useable common form of currency which is applied to make the investments;
and
a password system to allow access and communications across the mobile and digital platforms.

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Abstract

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