Systems and methods for processing coupons over a payment processing network

A system for processing of a coupon, the system comprising:

• an inventory system comprising data relating to sold and stocked inventory;
• a point-of-sale (POS) terminal comprising:
• a plurality of channels, the plurality of channels comprising:
• a first channel is configured for communicating and receiving payment information;
• and
• a second channel communicatively connected with the inventory system;
• a processor configured to:
• obtain a product identifier of at least one product, wherein the processor is configured to obtain the product identifier by at least one of:
• receiving scanned data from a product;
• and
• receiving input data;
• identify a price associated with the product;
• obtain a customer identifier, wherein the customer identifier comprises a routing portion and an identification portion, wherein the routing portion uniquely identifies an intended coupon source, and wherein the identification portion uniquely identifies an account associated with the customer;
• generate a communication comprising the product identifier and the customer identifier;
• identify a first communication channel;
• transmit the communication via the first communication channel;
• receive a response via the first communication channel, wherein the response identifies one of:
• a coupon;
• a coupon code;
• a discount;
• a refund;
• and
• no discount;
• generate a payment amount for the purchase of the product by applying the response to the identified price, wherein the payment amount is based on the identified price and the received response;
• and
• provide payment information via the first channel, wherein the payment information identifies a financial service provider and an account associated with the customer and the financial service provider.

A point-of-sale (POS) terminal comprising:

• a plurality of channels, the plurality of channels comprising:
• a first channel is configured for communicating and receiving payment information;
• and
• a second channel communicatively connected with the inventory system;
• a processor configured to:
• obtain a product identifier of at least one product, wherein the processor is configured to obtain the product identifier by at least one of:
• receiving scanned data from a product;
• and
• receiving input data;
• identify a price associated with the product;
• obtain a customer identifier, wherein the customer identifier comprises a routing portion and an identification portion, wherein the routing portion uniquely identifies an intended coupon source, and wherein the identification portion uniquely identifies an account associated with the customer;
• generate a communication comprising the product identifier and the customer identifier;
• identify a first communication channel;
• transmit the communication via the first communication channel;
• receive a response via the first communication channel, wherein the response identifies one of:
• a coupon;
• a coupon code;
• a discount;
• a refund;
• and
• no discount;
• generate a payment amount for the purchase of the product by applying the response to the identified price, wherein the payment amount is based on the identified price and the received response;
• and
• provide payment information via the first channel, wherein the payment information identifies a financial service provider and an account associated with the customer and the financial service provider.