ALEXANDRIA, Va., July 3 -- United States Patent no. 12,346,931, issued on July 1, was assigned to CAPITAL ONE SERVICES LLC (McLean, Va.).
"System and method for redeeming a reward" was invented by Gregory Willard Lambert (Midlothian, Va.) and Philip John Spiegel (Midlothian, Va.).
According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for redeeming a reward held by an individual are described. A method for redeeming a reward includes determining threshold criteria for provision of a targeted reward redemption offer, identifying at least one individual based upon the threshold criteria, determining the targeted reward redemption offer, and providing the targeted reward redemption offer to the identi...