PURCHASING, REDEMPTION AND SETTLEMENT SYSTEMS AND METHODS WHEREIN A BUYER TAKES POSSESSION AT A RETAILER OF A PRODUCT PURCHASED USING A COMMUNICATION NETWORK
First Claim
1. A method, comprising:
- arranging, via an online purchasing system, for a buyer to obtain a product from a retailer for a first price to be paid by the buyer;
providing a redemption code to the buyer, the redemption code comprising sixteen numerals readable by a card authorization terminal of a point of sale device;
setting an available balance associated with the redemption code to be an amount based on at least one of the first price and a second price to be provided to a retailer from whom the buyer obtains the product.
1 Assignment
0 Petitions
Accused Products
Abstract
Purchasing, redemption and settlement systems and methods are provided wherein a buyer takes possession of a product at a retailer. A purchasing system may communicate with a buyer through a communication network to establish a first price for a product between the buyer and a seller. The purchasing system may also arrange for the buyer to take possession of the product at a retailer, different from the seller, that offers the product for sale at a second price. Verification information, which enables the retailer to authorize the buyer to take possession of the product, is transmitted to the retailer. The buyer provides a payment, based on the first price, to the purchasing system in exchange for the right to take possession of the product at the retailer. In one embodiment, the purchasing system receives a buyer offer, including an offer price, related to the product. In another embodiment, the purchasing system transmits redemption information, including a redemption code, to the buyer. The redemption information may also include information that enables the creation of a voucher to be used when taking possession of the product. The purchasing system may also receive information related to an attempt by the buyer to take possession of the product, including the redemption code, from the retailer.
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Citations
2 Claims
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1. A method, comprising:
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arranging, via an online purchasing system, for a buyer to obtain a product from a retailer for a first price to be paid by the buyer;
providing a redemption code to the buyer, the redemption code comprising sixteen numerals readable by a card authorization terminal of a point of sale device;
setting an available balance associated with the redemption code to be an amount based on at least one of the first price and a second price to be provided to a retailer from whom the buyer obtains the product.
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2-29. -29. (canceled)
Specification