US 2021/0241302 A1 · SYSTEMS AND METHODS FOR DUAL PRICING

Abstract

A system for and method of generating alternative pricing is provided. A user accesses an online portal to set a pricing scheme for products. The user inputs a credit card price for one or more products along with a desired cash discount rate or amount. The invention can then generate a second price for each product and check said prices for compliance against one or more rules and regulations set by credit card issuers, state governments, and/or federal governments. Some embodiments of the invention include notifying the user of non-compliance and automatically providing iterative pricing checks to find the best compliant price. The invention can also generate a reference or point-of-sale code which can be utilized by a consumer to view a final resulting price list.

Claims20

Dependent claims

A method for generating pricing, the method comprising:

setting a first pricing structure, said first pricing structure comprising one or more products, each product associated with a respective price;
setting a first price constraint;
setting a second price constraint;
generating a second price structure, wherein said first price structure, first price constraint, and second price constraint are used to generate the second price structure comprising applying a discount rate or an upcharge rate to the first pricing structure using a software discounting application or a software upcharge application, respectively;
validating said second price structure against one or more rules to check for compliance, wherein compliance is achieved when said second price structure complies with said one or more rules.

2 more elements

Dependencies are inferred from the claim text.

Systems and methods for dual pricing

Life of this patent

Systems and methods for dual pricing

Life of this patent

Abstract

Claims20