Patents by Inventor Michael Montero

Michael Montero has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Patent number: 10915912
    Abstract: Systems and methods for optimizing base pricing of products within a physical retailer are provided. Such systems and methods include first collecting transaction logs for products in a set of physical retail spaces. These logs are validated, adjusted and elasticities between the products are computed. The adjustment may be responsive to the day, by retailer and by a host of external factors (e.g., weather). The adjustment may also include a normalization and filtering out of inaccurate log data. Elasticity is calculated by generalized linear models. A set of constraints are then received and used, along with the elasticities.
    Type: Grant
    Filed: October 10, 2018
    Date of Patent: February 9, 2021
    Assignee: EVERSIGHT, INC.
    Inventors: Michael Montero, Jamie Eldredge, Daniel Gibson, David Moran, Jamie Rapperport
  • Patent number: 10909561
    Abstract: Systems and methods for offer redemption are provided. In some embodiments, payment data for a product is received via a payment gateway, along with an identifier unique to the payer. This payer identifier is correlated to a database associated with household IDs that have been collected from loyalty programs, pharmacy data and payment collected at a retailer. When the identifier has been associated with a household ID the system may identify applicable promotions that are associated with that household. The details of the offer/promotion are sent back to the point of sale where they are applied to the transaction. Once this is confirmed the adjusted payment is processed and the promotion is cleared from the database.
    Type: Grant
    Filed: December 11, 2018
    Date of Patent: February 2, 2021
    Assignee: EVERSIGHT, INC.
    Inventors: Tony Ventrice, Michael Montero, Jamie Rapperport
  • Patent number: 10846736
    Abstract: Methods and apparatus for improving the result of online promotion testing are disclosed. In one or more embodiments, base-lining is employed to improve the mapping between the online test promotion responses and projected in-store result. Alternatively or additionally, the test population responses may be adjusted to account for differences between the test population and the in store customer population.
    Type: Grant
    Filed: October 31, 2014
    Date of Patent: November 24, 2020
    Assignee: EVERSIGHT, INC.
    Inventors: Brian Glover, Michael Montero
  • Patent number: 10789609
    Abstract: Systems and methods for automated profile to promotion matching are provided. A plurality of segment variable value pairs that define a plurality of possible segments for a population of consumers are first identified, as are a plurality of promotion variable value pairs of a promotional design space. The variable value pairs are assembled into a plurality of test promotions by different permutations. The test promotions are administered, and results are collected. Trends between specific segment variable value pairs and promotion variable value pairs that result in statistically relevant shifts in the obtained responses are identified and used to define segments. The defined segments are then matched to promotion types (collected from a promotion repository) based upon likelihood of a positive result. The matches are then classified by a behavioral economic classification, which then may be outputted to a marketer to provide insights into consumer motivations.
    Type: Grant
    Filed: November 7, 2016
    Date of Patent: September 29, 2020
    Assignee: Eversight, Inc.
    Inventors: Michael Montero, David Moran
  • Patent number: 10706438
    Abstract: Systems and methods for the generation of a promotional design matrix with recommendation overlay are provided. A product, discount, quantity and offer structure selection are received from a user, or are imputed based upon previous offers. Variants for the discount vale and quantity are generated by incrementing these values. The quantity and its variants are each assigned to a column of a design matrix, while the discount and variants are assigned to the design matrix rows. At each intersection of a row and column of the design matrix a plurality of offer structures based upon the offer structure selection is generated. The system applies recommendation logic to flag offers that are most likely to be successful based upon their performance, feasibility and diversity. This flagging may include placing an icon, such as a star, next to the recommended offers.
    Type: Grant
    Filed: August 24, 2016
    Date of Patent: July 7, 2020
    Assignee: EVERSIGHT, INC.
    Inventors: Michael Montero, Jamie Eldredge, John Brockardt, Kevin Hsieh, Lynn Murphy, Jacob Solotaroff, David Moran
  • Patent number: 10636052
    Abstract: Methods and apparatus for implementing automated online promotion testing in an efficient and platform-agnostic manner are disclosed. A test management module interacts with a concept generator module, a promotion analytics module, and agnostically interacts with promotion administering platforms to automatically generate, administer, and analyze a large number of test promotions to online consumers in a manner that minimizes labor-intensive changes to the promotion administering platforms.
    Type: Grant
    Filed: June 21, 2014
    Date of Patent: April 28, 2020
    Assignee: Eversight, Inc.
    Inventors: David Moran, Michael Montero
  • Patent number: 10445763
    Abstract: Methods and apparatus for implementing forward looking optimizing promotions by administering, in large numbers and iteratively, test promotions formulated using highly granular test variables on purposefully segmented subpopulations. The plurality of test promotions are automatically proposed. The responses from individuals in the subpopulations are received and analyzed. The analysis result is employed to subsequently formulate a general public promotion.
    Type: Grant
    Filed: March 31, 2014
    Date of Patent: October 15, 2019
    Assignee: EVERSIGHT, INC.
    Inventors: David Moran, Michael Montero
  • Patent number: 10438230
    Abstract: Methods and apparatus for implementing forward looking optimizing promotions by administering, in large numbers and iteratively, test promotions automatically formulated using highly granular test variables on subpopulations. The responses from individuals in the subpopulations are received and analyzed. The analysis result is employed to subsequently formulate a general public promotion.
    Type: Grant
    Filed: March 31, 2014
    Date of Patent: October 8, 2019
    Assignee: EVERSIGHT, INC.
    Inventors: David Moran, Michael Montero
  • Publication number: 20190180303
    Abstract: Systems and methods for offer redemption are provided. In some embodiments, payment data for a product is received via a payment gateway, along with an identifier unique to the payer. This payer identifier is correlated to a database associated with household IDs that have been collected from loyalty programs, pharmacy data and payment collected at a retailer. When the identifier has been associated with a household ID the system may identify applicable promotions that are associated with that household. The details of the offer/promotion are sent back to the point of sale where they are applied to the transaction. Once this is confirmed the adjusted payment is processed and the promotion is cleared from the database.
    Type: Application
    Filed: December 11, 2018
    Publication date: June 13, 2019
    Inventors: Tony Ventrice, Michael Montero, Jamie Rapperport
  • Publication number: 20190180302
    Abstract: Systems and methods for a collaborative offer portal is provided. A proposed offer is received from a manufacturer, including an offer structure and a number of consumers they wish to target. Transaction logs of a retailer are accessed to determine an audience for the offer by calculating a return on investment (ROI) for the customer base using the retailer's records given the offer type. The consumers are then grouped by their ROI distribution, and the ROI for the deal is calculated based upon the offer size in light of this distribution. From the offer ROI a discount percentage to be paid by the retailer versus the merchant can be created. The retailer may then choose to accept the offer for deployment.
    Type: Application
    Filed: December 11, 2018
    Publication date: June 13, 2019
    Inventors: Tony Ventrice, Michael Montero, Jamie Rapperport
  • Publication number: 20190108538
    Abstract: Systems and methods for optimizing base pricing of products within a physical retailer are provided. Such systems and methods include first collecting transaction logs for products in a set of physical retail spaces. These logs are validated, adjusted and elasticities between the products are computed. The adjustment may be responsive to the day, by retailer and by a host of external factors (e.g., weather). The adjustment may also include a normalization and filtering out of inaccurate log data. Elasticity is calculated by generalized linear models. A set of constraints are then received and used, along with the elasticities.
    Type: Application
    Filed: October 10, 2018
    Publication date: April 11, 2019
    Inventors: Michael Montero, Jamie Eldredge, Daniel Gibson, David Moran, Jamie Rapperport
  • Publication number: 20190066138
    Abstract: Systems and methods for optimizing promotions within a physical retail space are provided. Electronic tags are deployed throughout the retail space. These tags are wirelessly coupled to a server system, allowing for real time and simultaneous updating of pricing and other promotional variables. These tags enable expansive testing of base pricing, promotion optimization, and sell through criteria. Testing may be performed on a wide range of promotional variables to determine what sorts of values for these variables yield the most effective promotions. Price elasticity for individual products can likewise be tracked through price adjustment testing for determining sell through scheduling. Further, by tracking individual consumers through the retail space, personalized promotions can be presented to the individuals.
    Type: Application
    Filed: August 31, 2018
    Publication date: February 28, 2019
    Inventors: Jamie Rapperport, Michael Montero, David Moran
  • Publication number: 20180341965
    Abstract: Systems and methods for optimizing promotions within a physical retail space are provided. Electronic tags are deployed throughout the retail space. These tags are wirelessly coupled to a server system, allowing for real time and simultaneous updating of pricing and other promotional variables. These tags enable expansive testing of base pricing, promotion optimization, and sell through criteria. Testing may be performed on a wide range of promotional variables to determine what sorts of values for these variables yield the most effective promotions. Price elasticity for individual products can likewise be tracked through price adjustment testing for determining sell through scheduling. Further, by tracking individual consumers through the retail space, personalized promotions can be presented to the individuals.
    Type: Application
    Filed: May 25, 2018
    Publication date: November 29, 2018
    Inventors: Jamie Rapperport, Michael Montero, David Moran
  • Patent number: 10140629
    Abstract: Methods and apparatus for implementing forward looking optimizing promotions by administering, in large numbers and iteratively, test promotions formulated using highly granular test variables on purposefully segmented subpopulations. The plurality of test promotions are associated with at least one behavioral economics principles. The responses from individuals in the subpopulations are received and analyzed. The analysis result is employed to subsequently formulate a general public promotion.
    Type: Grant
    Filed: March 31, 2014
    Date of Patent: November 27, 2018
    Assignee: Eversight, Inc.
    Inventors: David Moran, Michael Montero
  • Publication number: 20180315078
    Abstract: Methods and apparatus for generating intelligent offers with base prices are provided. In one embodiment, a promotion generator receives a current product base price, and also receives or calculates a remaining promotional program budget, a remaining promotional program duration, and a minimum discounted price for the product using the current product base price and any available previous base price data for the promoted product, creating or updating a predictive model of future product base prices.
    Type: Application
    Filed: May 2, 2018
    Publication date: November 1, 2018
    Inventors: Jamie Rapperport, Michael Montero, David Moran
  • Patent number: 9940639
    Abstract: Methods and apparatus for implementing forward looking optimizing promotions by administering, in large numbers and iteratively, test promotions formulated using highly granular test variables and automatically incorporating constraints on segmented subpopulations. The responses from individuals in the subpopulations are received and analyzed. The analysis result is employed to subsequently formulate a general public promotion.
    Type: Grant
    Filed: March 31, 2014
    Date of Patent: April 10, 2018
    Assignee: Eversight, Inc.
    Inventors: David Moran, Michael Montero
  • Patent number: 9940640
    Abstract: Methods and apparatus for implementing forward looking optimizing promotions by administering, in large numbers and iteratively, test promotions formulated using highly granular test variables on purposefully segmented subpopulations. The plurality of test promotions automatically account for covariates. The responses from individuals in the subpopulations are received and analyzed. The analysis result is employed to subsequently formulate general public promotion.
    Type: Grant
    Filed: March 31, 2014
    Date of Patent: April 10, 2018
    Assignee: Eversight, Inc.
    Inventors: David Moran, Michael Montero
  • Publication number: 20180075470
    Abstract: Systems and methods for the efficient generation and testing of promotions within a load to card environment are provided. A load-to-card abstraction layer collects store, user and offer data. The test promotions are then generated to span a design space of an offer. The user base is segmented and the test promotions are applied. The promotions include an offer, and the ability to load the offer for later redemption (load-to-card). Redemption and load rates are measured, and can be used individually, or in combination, to gauge consumer engagement with the promotion. Promotions with low consumer engagement may be discontinued, until only optimally performing promotions are remaining.
    Type: Application
    Filed: September 21, 2017
    Publication date: March 15, 2018
    Inventors: Michael Montero, David Moran
  • Publication number: 20170316448
    Abstract: Systems and methods for scoring promotions are provided. A set of training offers are received, which include combinations of variable values. These combinations of variable values are converted into a vector value. The offers are paired and the vectors subtracted from one another, resulting in a pair vector. Metrics for the success of offers is collected, and are subtracted from one another for the paired offers to generate a raw score. This raw score is then normalized using the pair vector. The normalized scores are utilized to generate a model for the impact any variable value has on offer success, which may then be applied, using linear regression, to new offers to generate an expected level of success. The new scored offers are ranked and the top-ranked offers are selected for inclusion in a promotional campaign.
    Type: Application
    Filed: May 16, 2017
    Publication date: November 2, 2017
    Inventor: Michael Montero
  • Publication number: 20170316449
    Abstract: Systems and methods for the selection of the promotions are provided. A set of possible offers are initially received, each including a set of variables, with each variable having a set of possible values. These form a combination of variable values for each offer. A heuristic is applied to all possible offers to reduce the number of offers being considered. The combination of variable values for these reduced number offers is converted into a vector value, which is then scored, ranked and the top ranked offers are selected for inclusion in a promotional campaign. The remaining offers are then analyzed to select additional offers to include into the promotional campaign which maximizing a determinant for the selected offers using their vectors. All selected offers are administer in a promotional test campaign across many consumer segments. Feedback from the campaign may be collected to generate a “general” offer.
    Type: Application
    Filed: May 16, 2017
    Publication date: November 2, 2017
    Inventor: Michael Montero