US 2015/0100402 A1 · Method and System for Conducting Coupon Exchange

Abstract

The coupon exchange platform involves multiple merchants, consumers, and coupon providers. Because a merchant usually interacts directly with consumers in commercial activities, a merchant is in the ideal position to distribute coupons, and not only the ones from its own but also those from other sources. As such, the merchants in the system, for appropriate compensations, serve to provide channels for coupon distribution or placements, whereas the coupon providers pay to deliver their coupon through the merchants. The coupon bidding process comprises retrieving the pre-configured coupon acceptance criteria of a merchant; and identifying the matched coupons provided by the coupon providers, wherein each of the one or more matched coupons is associated with a set of coupon offering parameters that satisfy or match the coupon acceptance criteria of the merchant user. The “winning” coupons can be delivered to a consumer upon the completion of the consumer's payment transaction.

Claims11

Dependent claims

A computer implemented method for conducting an electronic discount, entitlement, or incentive coupon, voucher, or point distribution, consumption, and management, comprising:

executing, by a first computer processor, a coupon bidding process, wherein the coupon bidding process comprises:
retrieving, by the first computer processor, one or more coupon acceptance criteria of a merchant, wherein the merchant being engaged in a payment transaction with a consumer, and wherein the one or more coupon acceptance criteria of the merchant are configurable by the merchant and stored in a database;
and
identifying, by the first computer processor, one or more matched coupons provided by one or more coupon providers, wherein the one or more matched coupon having coupon offering parameters that are satisfying or matching the coupon acceptance criteria of the merchant, and wherein the coupon offering parameters of coupon providers are stored in the database;
and
delivering, by the first computer processor, the one or more matched coupons to the consumer.

3 more elements

Dependencies are inferred from the claim text.

Method and System for Conducting Coupon Exchange

Life of this patent

Method and System for Conducting Coupon Exchange

Life of this patent

Abstract

Claims11