Inventors:
Steven G. Cohen - New York NY, US
Fred G. Slavin - New York NY, US
Michael H. Trenk - New York NY, US
Judah Kaplan - New York NY, US
James E. Lewis - New York NY, US
Assignee:
JPMorgan Chase Bank, N.A. - New York NY
International Classification:
G06Q 30/02
Abstract:
A consumer is provided with a first asset in return for a promise to earn an agreed to number of points over an agreed to redemption period. The consumer subsequently earns the points by purchasing one or more second assets. At least one of the second assets is different than the first asset. Each purchase has an associated with point value, at least one of the point values being different than at least one other point value.A trading system includes a first set of websites where a consumer can select and obtain a first asset in return for a promise to earn points by making future purchases of one or more second assets. The consumer can fulfill its obligation to earn the stated number of points by purchasing one or more second assets at a second set of websites. Each of the second assets has an associated point value.