Four Actor Binding Agreement System

A system for generating promotional coupons by a promoter, the promotional coupons being redeemable by a plurality of users at a retail location operated by a retailer, the system comprising

• a coupon application running on a server, the coupon application configured to record details of a promotion agreement entered into between the promoter and the retailer, the coupon application being further configured to generate a plurality of electronic coupons pursuant to the details of the promotion agreements, said electronic coupons each having a unique identifier code generated by the coupon application;
• each of the promoters, retailers and users having a mobile computing device running a mobile application operatively coupled to the coupon application running on the server via a wireless network, the mobile application configured to record the details of the promotion agreement and forward same to the coupon application;
• the mobile application being further configured to display the generated unique identifier code for the coupon on the user's mobile application only when the user is within a predefined geographic radius of the retail location associated with the coupon;
• the retailer's mobile application being further configured to permit the retailer to scan the unique identifier code on the user's mobile application to record the redemption of the associated coupon and upload the scanned unique identifier code to the coupon application on the server;
• the coupon application configured to record the scanned unique identifier code and match it to the generated unique identifier code generated for the corresponding coupon and record the redemption of the corresponding coupon when the generated and scanned unique identifier codes match, and
• the coupon application coupled to a payment module configured to send a monetary payment to the promoter from the retailer when the redemption of the coupon is recorded, the amount of the monetary payment being set by the details of the promotion agreement corresponding to the coupon.

A system for generating a plurality of electronic coupons which are redeemable by a plurality of users at a retail location operated by a retailer, the electronic coupons being promoted by a promoter, the system comprising:

• a coupon application running on a server, the coupon application configured to record details of a promotion agreement entered into between the promoter and the retailer, the coupon application being further configured to generate the plurality of electronic coupons in accordance with the details of the promotion agreement, said electronic coupons each having a unique identifier code generated by the coupon application;
• each of the promoters, retailers and users having a mobile computing device running a mobile application operatively coupled to the coupon application running on the server via a wireless network, the mobile application configured to record the details of the promotion agreement and forward same to the coupon application;
• the mobile application being further configured to display the generated unique identifier code for the coupon on the user's mobile application only when the user is within a predefined geographic radius of the retail location;
• the retailer's mobile application being further configured to scan the unique identifier code on the user's mobile application and upload the scanned unique identifier code to the coupon application;
• the coupon application configured to record the scanned unique identifier code and match it to the generated unique identifier code generated for the corresponding coupon and record the corresponding coupon as being redeemed when the generated and scanned unique identifier codes match, and
• the coupon application being coupled to a payment module configured to send a monetary payment to the promoter from the retailer when the redemption of the coupon is recorded, the amount of the monetary payment being set by the details of the promotion agreement.