17530164. LOCATION BASED DIGITAL GIFT REWARDS simplified abstract (Capital One Services, LLC)
Contents
LOCATION BASED DIGITAL GIFT REWARDS
Organization Name
Inventor(s)
Timur Sherif of Silver Spring MD (US)
Michael Mossoba of Great Falls VA (US)
Asher Smith-rose of Arlington VA (US)
Zviad Aznaurashvili of Reston VA (US)
LOCATION BASED DIGITAL GIFT REWARDS - A simplified explanation of the abstract
This abstract first appeared for US patent application 17530164 titled 'LOCATION BASED DIGITAL GIFT REWARDS
Simplified Explanation
Abstract: A system is described for initiating and transferring digital gift rewards to recipients at specific locations. The recipient is notified when a digital gift reward is generated or when they are near the location associated with the reward. Instructions are provided for claiming the reward, including any conditions that must be met. The recipient can receive augmented reality-based directions to navigate to the reward. Once the conditions are satisfied, the digital gift reward is transferred from the giver's account to the recipient's account. The giver may earn a gifting reward, which can also be transferred to their account.
- A gifter can initiate a digital gift reward for a giftee at a specific location.
- The digital gift reward is generated and linked to the location.
- The giftee is notified when the digital gift reward is generated or when they are near the location.
- Instructions are provided to the giftee for claiming the digital gift reward, including any conditions for transfer.
- The giftee can receive augmented reality-based directions to navigate to the digital gift reward.
- Once the conditions are met, the digital gift reward is transferred from the gifter's account to the giftee's account.
- The gifter may earn a gifting reward upon transfer of the digital gift reward.
- The gifting reward can be transferred to the gifter's account.
- All transfers are reflected in the respective accounts.
Potential Applications
- Retailers can use this system to offer location-based digital gift rewards to customers, encouraging them to visit their stores.
- Event organizers can provide digital gift rewards to attendees at specific locations, enhancing the event experience.
- Tourism companies can utilize this system to offer digital gift rewards to tourists at popular attractions, promoting engagement and exploration.
Problems Solved
- This system solves the problem of efficiently and securely transferring digital gift rewards to recipients at specific locations.
- It addresses the challenge of notifying recipients about the availability of digital gift rewards and providing them with instructions for claiming the rewards.
- The use of augmented reality-based directions helps recipients navigate to the location of the digital gift reward accurately.
Benefits
- Recipients can enjoy personalized digital gift rewards that are tailored to specific locations.
- Givers can earn rewards for their gifting activities, incentivizing them to participate in the system.
- The system enhances engagement and interaction between givers and recipients.
- It provides a seamless and convenient way to transfer and claim digital gift rewards.
Original Abstract Submitted
A gifter initiates a digital gift reward for a giftee at a location. The digital gift reward is generated and associated with the location. The giftee is notified either when the digital gift reward is generated and/or when the giftee is near the location of the digital gift reward. The giftee receives instructions for claiming the digital gift reward, the instructions include conditions for transferring the digital gift reward to the giftee. The giftee can receive directions for navigating to the digital gift reward. The directions can be augmented reality based directions. When the conditions are satisfied, the digital gift reward can be transferred from the gifter's account to the giftee's account. The gifter may earn a gifting reward upon transfer of the digital gift reward. The gifting reward can be transferred to the gifter's account. The accounts are updated to reflect all transfers.
