Time controlled pre-paid delivery6526393Abstract A method for generating, providing, and utilizing time controlled date sensitive pre-paid postage on an item to be delivered, including a desired delivery amount and personalized postage mark, with the intention of causing action prior to a chosen date. An Issuer would send prepaid postage to a Recipient with a chosen effective date and a chosen expiration date. Said effective date and expiration date would allow Issuer to encourage Recipients to initiate action within a predetermined time window. After effective expiration date, postage would expire requiring new postage/delivery fees to be added to the item for it to be mailed/delivered. Claims What is claimed is: Description BACKGROUND OF INVENTION
# of Avg. Balance # of Improved
Annual
customers/ due by payments payment Value of
increased
Issuer members customer in a year time money
revenue
Credit Card Company 500,000 $400.00 12 7 days 8%
$1,580,880.00
Auto Finance Co. 350,000 $450.00 12 7 days 8%
$1,428,693.00
Insurance Company 750,000 $500.00 2 7 days 8%
$625,275.00
Auto Insurance 800,000 $375.00 2 10 days 8%
$754,600.00
Mortgage Company 600,000 $1,000.00 12 7 days 8%
$8,522,640.00
Membership 50,000 $750.00 1 15 days 8%
$105,743.75
organization
Telephone Company 250,000 $200.00 12 10 days 8%
$264,600.00
It should be clearly noted that the vast majority of companies that would benefit from Time Controlled Prepaid Delivery do not currently provide customers with any form of prepaid Business Reply Mail. Specific examples include Credit Card companies, Finance companies, mortgage companies, utility companies, insurance companies, professional services, membership groups, service companies, and others. Accordingly, there is a tremendous untapped market of revenue for the US Postal Service. At current rates charged for the most comprehensive service, Qualified Business Reply Mail, the USPS could be increasing revenues by $0.02 per item delivered via this method, and by as much as $0.30 per letter for Basic Business Reply mail. As stated earlier, many companies do not utilize Business Reply Mail because of its lack of timeliness, effectiveness, and unending potential charges, but would likely use a Time Controlled Prepaid Delivery service. These instances would include; Credit Card bills, Credit Card solicitations, Subscription services, Contests, Sweepstakes, Special offers, Coupons, Charitable Organizations, Membership groups, Finance companies, Banks, Professional companies (ie. Doctors, Lawyers, Accountants), Service Companies (ie. Plumbers, Electricians, Home Improvement Companies), etc. Time Controlled Prepaid Delivery Service would be a valuable and useful service to any company or individual that wishes to improve cash flow, speed of response, and effectiveness of advertising Time Controlled Prepaid Delivery could be issued as a 1-day service, 2-day service, 3-day service, 4-day service, 5-day service, 6-day service, 7-day service, 8-day service, 9-day service, 10-day service, 11-day service, 12-day service, 13-day service, 14-day service, 15-day service, 16-day service, 17-day service, 18-day service, 19-day service, 20-day service, 21-day service, 22-day service, 23-day service, 24-day service, 25-day service, 26-day service, 27-day service, 28-day service, 29-day service, 30-day service. It could be issued as a 1 month service, 2 month service, 3 month service, 4 month service, 5 month service, 6 month service, 7 month service, 8 month service, 9 month service, 10 month service, 11 month service, and 12 month service. It could also be issued in any combination of the above referenced or longer. Time Controlled Prepaid Delivery could also be offered on a graduated reduction scale in any chosen combination of payment. Wherein for example a Company could agree to pay the full postage up until a predetermined date and half the postage until a predetermined date, a quarter of the postage up until a predetermined date, and none of the postage after a predetermined date. A clear example of this may be a company that has delivered a very expensive item to deliver. For instance it may cost a company $2,000.00 to deliver an expensive motorcycle. They could agree to pay the full $2,000 return delivery charges for 10 days following receipt. After 17 days they could offer to pay half of the return delivery charges, after 25 days they could offer to pay a quarter of the return delivery charges, and after 30 days they could offer to pay none of the delivery charges. There also could be a variation wherein a company pays the entire amount regardless of when the item delivers, but charges back the customer's account based upon the date of delivery. By example a Plumber could utilize a Time controlled prepaid delivery as follows. He could check his records and determine that on average his customers pay their bills 15 days following their receipt of a bill. With Time Controlled Prepaid Delivery, that plumber could offer his customers prepaid postage if they pay their bills 7 days following receipt. The plumber would go to the post office, or apply through some other method as offered by the post office at that time (ie. Internet, 1-800 number), and get an annual, or monthly, or daily "Urgent Reply Mail" permit (or some other name for Time Controlled Prepaid Delivery as determined by the Post Office). Once the account was opened with the Post Office, the plumber could preprint envelopes through a company or use an in-house computer program or other method to preprint envelopes. These envelopes would include his permit number, postage paid line, Postnet Bar code, Postage Endorsement Indicia, Facing Identification Mark, Horizontal Bars, mailing address, and other information, as required by the Post office at that time. He would send the preprinted envelopes to his customers with the chosen predetermined effective expiration date prominently printed on them. He would print this expiration date with a computer, or use a special date stamp, or through some other method. The date would also likely be encoded in a barcode on the envelope, so that it would automatically be read by the Post Office's mail processing machines and automatically charged to his account. Then, when the customers receive their bills, they could choose to either send their payment in the mail prior to the predetermined effective expiration date, or they could affix a stamp to the envelope and pay for it themselves after the predetermined effective expiration date. The Post office would bill the plumber's account for every envelope that was mailed prior to the predetermined effective expiration date. The post office may offer, at the plumber's option, the ability to pay for all postage of items sent without postage regardless of the date stamped on the mail. This would be encoded in the barcode, but would not be evident to the consumer. The reason the plumber may choose this option is to encourage a faster response, yet ensure the delivery for items mailed after the predetermined effective expiration date and without proper postage affixed. The plumber may even send a charge-back to the customer for the cost of postage if an item was sent after the predetermined effective expiration date without postage affixed. The use of the Time Controlled Prepaid Delivery system would provide the plumber with a method to expedite payments, improve company cash flow, and in most cases would not cost the plumber in instances where customers chose to pay after the prepaid postage offer. Another example may include a Landlord or Mortgage company. Many states allow tenants and Mortgagees to make rent and Mortgage payments as late as the tenth day of each month without a penalty. A Landlord or Mortgage company could determine that it would be beneficial to pay for its customers postage on monthly payments that were mailed within the first 6 days of each month. Since their customers make payments every month, the companies could either send to their customers a bill each month with a preprinted prepaid envelope, or provide their customers with 12 preprinted envelopes for the year in a coupon book like format. In the coupon book like format, there may be a bill for each month and there would be an envelope for each month that would have a predetermined effective start date at the beginning of a month and a predetermined effective expiration date of 6 days later. For example there would be an envelope that had a predetermined effective start date of Jan. 1, 2001 and a predetermined effective expiration date of Jan. 6, 2001. The next envelope would have a predetermined effective start date of Feb. 1, 2001 and a predetermined effective expiration date of Feb. 6, 2001. The next envelope would have a predetermined effective start date of Mar. 1, 2001 and a predetermined effective expiration date of Mar. 6, 2001, and so on. By having a predetermined effective start date, customers could not merely use a later envelope when mailing a payment after the 5th day of the month. The companies would follow the same steps as the plumber listed above for getting such a permit from the Post Office. After getting this special permit, and using it on said envelopes, the company would only be billed for envelopes that were mailed following the predetermined effective start date and prior to the predetermined effective expiration date, unless they chose otherwise. Another example may include a Credit Card Company. Using the example shown in the chart above, a credit card company could check their records for customers that have an average balance of over $400.00 per month, pay their bills in full every month, and after 15 days. Since the credit card company is not making any money on finance charges with these customers, and they are effectively extending an additional 15 days of credit, they could encourage these customers to send their payment 8 days earlier with Time Controlled Prepaid Delivery. By providing prepaid postage with a predetermined effective expiration date of 7 days after receiving the bill, customers would be required to pay their bills 8 days earlier to take advantage of free postage. For those customers that choose not to take advantage of free postage, the customer would have to affix postage, and there would be no charge to the Credit Card Company, other than the cost of printing the envelopes. Depending upon the interest rate, this earlier receipt of payment may only be worth 50 cents per customer to the credit card company, but multiplied by 12 months and several hundred thousand customers, and the value quickly adds up. Time Controlled Prepaid Delivery could also be extremely beneficial for companies running special limited time offers. This may include special credit card offers, subscription services, discounts, coupons, and any kind of date sensitive, limited time offer. By including a predetermined effective expiration date, these companies would eliminate the chance of receiving responses to their offer months or years after the promotion has expired. By example EZ Credit Card company is offering a fixed 2.9% interest rate credit card. The special offer is only good for 60 days, to allow for potential changes in the Prime Lending Rate. EZ Credit Card usually would send out a mass mailer with Business Reply Mail envelopes inside. They found that they would get responses on average within 30 days, and as late as 2 years after the promotion would be offered. Unfortunately they were still obligated to pay the Post Office for delivery of these worthless responses. With the proposed "Urgent Mail" or Time Controlled Prepaid Delivery they could encourage customers to respond within 15 days cutting their response time in half, and not have to worry about responses after the 15 day deadline. Time Controlled Prepaid Delivery could also be extremely beneficial to a membership organizations. Membership organizations often have difficulties receiving timely membership payments. With Time Controlled Prepaid Delivery, membership organizations could provide customers with prepaid predetermined effective expiration dated envelopes. They may offer their members to pay their membership within 15 days and receive free postage. These envelopes could be enough of an incentive for some members to pay dues and other fees sooner to these organizations. In the event customers do not make payments sooner, there would be no charge to the membership organization for offering this benefit to members. Another example may be a Homeowners Association. Many Homeowners associations require its members to vote on different issues affecting the community. Generally these associations require a certain number of members to send in their votes to have a "quorum". As a result they are often required to send their members self addressed stamped envelopes or utilize some form of business reply mail. In these instances votes must be received prior to a chosen end date. With business reply mail the Homeowners Association is obligated to pay the postage for these envelopes or reply cards as long as they have an account open with the Post office. With stamped envelopes, they have to make an upfront payment regardless of whether or not members send in their votes. The best solution to this problem is Time controlled prepaid delivery. With Time Controlled Prepaid Delivery, the association could send out vote cards that would expire after a certain date. This would save them the cost of wasted postage, and save them the risk of paying for delivery after an appropriate date. As stated earlier, Private delivery services, such as Fed-ex, Airborne, UPS, etc., currently have no method or system for consumers or companies to prepay delivery with a predetermined effective expiration date. This could be extremely useful in a number of cases. For companies that offer "no hassle returns" within 30 days, they could provide a prepaid delivery label to customers with a 30 day effective expiration date in order to effectuate a return by that date. This could also apply when customers request a return, and the company agrees to pay the delivery fees for it as long as the delivery is performed prior to a certain date. Companies would set up an account with their delivery company and would only be charged for deliveries that occurred prior to the effective expiration date. Companies may also choose to offer the customers the flexibility of a return within 30 days, but only provide prepaid delivery for 15 days. This would effectuate a quicker response time, which would allow the company to ultimately sell the item quicker. Another example may be a Compact Disc club that offers a Compact Disc of the month with a 30 day free trial inspection. They may choose to provide their customers the convenience of a prepaid delivery label for returns within 15 days. The reason they may choose 15 days is because they will still be offering the 30 day free trial inspection, but if they can encourage returns to occur earlier, they can then send the Compact Disc back into circulation quicker and ultimately sell it quicker. Another example may be a Catalog company that already offers free shipping on returns for all items. They can include a pre-addressed prepaid label within the delivery. This would be perceived by customers as above average customer service, and would eliminate excess administration needed to process returns. And by providing a predetermined effective expiration dated delivery to its customers, it controls when the returns take place, and encourage those returns earlier. Encouraging quicker returns, improves merchandise circulation and ultimately improves the sales cycle. Ultimately it becomes a cost calculation per Issuer as to what instances prepaying postage/delivery is valuable. This new method that I propose, when utilized to its full potential, will have a tremendous impact on companies of all sizes and industries. It will positively effect the United States economy by improving response times, making companies more profitable, lower prices, and improve customers experiences. It may likely prove to be one of the most important new methods to improve delivery and mail services in the United States and the World. Additional advantages and modifications will readily occur to those skilled in the art. Therefore, the invention in its broader aspects is not limited to the specific details, and representative devices, shown and described herein. Accordingly, various modifications may be made without departing from the spirit or scope of the general inventive concept as defined by the appended claims and their equivalents.
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