International Game Technology had one patent in ecommerce during Q4 2023. The system described in the patent provides various benefits to consumers when they use a qualifying financial account to make purchases, with the amount of benefits potentially exceeding the value of the purchased goods or services. GlobalData’s report on International Game Technology gives a 360-degreee view of the company including its patenting strategy. Buy the report here.
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International Game Technology grant share with ecommerce as a theme is 0% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: System and method for providing financial account rewards programs (Patent ID: US20230360482A1)
The patent filed by International Game Technology Plc describes a system that offers benefits to consumers when they use a financial account to make purchases, with the benefits being disproportionate to the value of the goods or services bought. The system involves a processor and memory device that execute instructions to contribute an amount to an escrow linked to the financial account after an approved purchase, with the contribution being based on the purchase amount. The system can be applied to various types of financial accounts, such as credit card, debit card, or prepaid debit card accounts, and the escrow can be associated with different aspects of the purchase, like the merchant or the specific goods or services.
Additionally, the system allocates entries for winning awards based on the amount of the approved purchase, with the processor determining winning entries when the escrow reaches a certain threshold value. The method also involves contributing amounts to the escrow based on the purchase amount and can vary the contribution rate depending on different factors like the type of purchase or merchant. Overall, the system and method outlined in the patent aim to incentivize consumers to make purchases using their financial accounts by offering them benefits that go beyond the value of the transaction, potentially enhancing customer loyalty and engagement.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
