Discount applications with registered payment instruments

• US 20070011044A1
• Filed: 07/06/2005
• Published: 01/11/2007
• Est. Priority Date: 07/06/2005
• Status: Abandoned Application

• Current Assignee: Western Union
• Original Assignee: First Data Corporation (Fiserv Incorporated)
• Inventors: Hansen, Kurt
• Application Number:
  US11/176,576
• Publication Number:
  US 20070011044A1
• Time in Patent Office: Days
• US Class Current: 705/14.150
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 30/0213 Consumer transaction fees

Abstract

Methods and systems provide a discount to a transaction executed between a customer and a merchant for a purchase of goods and/or services. An electronic information packet is received at a host system. The electronic information packet includes an identifier of a credit instrument presented by the customer to the merchant and registered with the host system. The electronic information packet also includes transaction information identifying at least some of the goods and/or services. An authorization request is transmitted from the host system to a credit provider associated with the credit instrument. An approval for the transaction is received with the host system from the credit provider. The approval is transmitted with the host system to the merchant. Separate discounts available for application to the transaction for the customer are identified with the host system and from the identifier. A modified transaction having a total transaction cost reduced by application of at least one of the separate discounts is coordinated between the host system and the merchant.

Claims

1. A method for providing a discount to a transaction executed between a customer and a merchant for a purchase of goods and/or services, the method comprising:

receiving, at a host system, an electronic information packet that (1) includes an identifier of a credit instrument presented by the customer to the merchant and registered with the host system and (2) includes transaction information identifying at least some of the goods and/or services;

transmitting an authorization request from the host system to a credit provider associated with the credit instrument;

receiving, with the host system, an approval for the transaction from the credit provider;

transmitting, with the host system, the approval to the merchant;

identifying, with the host system and from the identifier, a plurality of separate discounts available for application to the transaction for the customer; and

coordinating between the host system and the merchant a modified transaction having a total transaction cost reduced by application of at least one of the plurality of separate discounts available for application to the transaction.

2. The method recited in claim 1 wherein coordinating the modified transaction comprises:

transmitting a list of the plurality of separate discounts from the host system to the merchant for display to the customer;

receiving a selection by the customer of one of the plurality of separate discounts; and

calculating, with the host system, the total transaction cost reduced by the selected discount.

3. The method recited in claim 1 wherein coordinating the modified transaction comprises:

identifying, with the host system, one of the plurality of separate discounts as most advantageous for the customer among the plurality of separate discounts; and

calculating, with the host system, the total transaction cost reduced by the identified one of the plurality of discounts.

4. The method recited in claim 3 wherein the most advantageous discount reduces the total transaction cost by a greater amount than any others of the plurality of separate discounts.

5. The method recited in claim 1 wherein coordinating the modified transaction comprises:

identifying, with the host system, multiple of the plurality of separate discounts eligible for simultaneous application; and

calculating, with the host system, the total transaction cost reduced by the identified multiple discounts.

6. The method recited in claim 1 wherein the at least one of the plurality of separate discounts comprises a discount offered by the merchant.

7. The method recited in claim 1 wherein the at least one of the plurality of separate discounts comprises a discount offered by a manufacturer of one of the goods and/or services.

8. The method recited in claim 1 further comprising initiating, with the host system, settlement of the at least one of the separate discounts by initiating a funds transfer to compensate the merchant for application of the at least one of the separate discounts to the transaction.

9. The method recited in claim 8 wherein initiating settlement of the at least one of the separate discounts is performed as part of a batch process initiating settlement of discounts for a plurality of transactions between a plurality of customers and a plurality of merchants.

10. A method for providing a discount to a transaction executed between a customer and a merchant for a purchase of goods and/or services, the method comprising:

receiving, at a host system operated by a discount coordinator, an electronic information packet that (1) includes an identifier of a discount instrument presented by the customer to the merchant and purchased for a fee from the discount coordinator and (2) includes transaction information identifying at least some of the goods and/or services;

identifying, with the host system and from the identifier, a plurality of separate discounts available for application to the transaction for the customer; and

coordinating between the host system and the merchant a modified transaction having a total transaction cost reduced by application of at least one of the plurality of separate discounts available for application to the transaction.

11. The method recited in claim 10 wherein coordinating the modified transaction comprises:

transmitting a list of the plurality of separate discounts from the host system to the merchant for display to the customer;

receiving a selection by the customer of one of the plurality of separated discounts; and

calculating, with the host system, the total transaction cost reduced by the selected discount.

12. The method recited in claim 10 wherein coordinating the modified transaction comprises:

identifying, with the host system, one of the plurality of separate discounts as most advantageous for the customer among the plurality of separate discounts; and

calculating, with the host system, the total transaction cost reduced by the identified one of the plurality of discounts.

13. The method recited in claim 12 wherein the most advantageous discount reduces the total transaction cost by a greater amount than any others of the plurality of separate discounts.

14. The method recited in claim 10 wherein coordinating the modified transaction comprises:

identifying, with the host system, multiple of the plurality of separate discounts eligible for simultaneous application; and

calculating, with the host system, the total transaction cost reduced by the identified multiple discounts.

15. The method recited in claim 10 wherein the at least one of the plurality of separate discounts comprises a discount offered by the merchant.

16. The method recited in claim 10 wherein the at least one of the plurality of separate discounts comprises a discount offered by a manufacturer of one of the goods and/or services.

17. The method recited in claim 10 further comprising initiating, with the host system, settlement of the at least one of the separate discounts by initiating a finds transfer to compensate the merchant for application of the at least one of the separate discounts to the transaction.

18. The method recited in claim 17 wherein initiating settlement of the at least one of the separate discounts is performed as part of a batch process initiating settlement of discounts for a plurality of transactions between a plurality of customers and a plurality of merchants.

19. A method for providing a discount to a transaction executed between a customer and a merchant for a purchase of goods and/or services, the method comprising:

receiving, at a host system, an electronic information packet that (1) includes an identifier of a credit instrument presented by the customer and registered with the host system and (2) includes transaction information identifying at least some of the goods and/or services;

identifying, with the host system and from the identifier, a credit provider associated with the credit instrument;

transmitting an authorization request from the host system to the credit provider;

receiving, with the host system, an approval for the transaction from the credit provider;

transmitting, with the host system, the approval to the merchant;

identifying, with the host system and from the identifier, a plurality of separate discounts available for application to the transaction for the customer;

determining that one of the plurality of separate discounts will reduce a total transaction cost for the transaction by a greater amount than any others of the plurality of separate discounts;

transmitting modified transaction information from the host system to the merchant for a modified transaction with the one of the plurality of separate discounts applied to the transaction;

transmitting a modified transaction cost from the host system to the credit provider for application to a credit account of the customer; and

initiating settlement of the one of the plurality of separate discounts by initiating a finds transfer to compensate the merchant for application of the at least one of the separate discounts to the transaction.

20. A host system comprising:

a communications device;

a storage device;

a processor in communication with the communications device and the storage device; and

a memory coupled with the processor, the memory comprising a computer-readable storage medium having a computer-readable program embodied therein for operating the host system to provide a discount to a transaction executed between a customer and a merchant for a purchase of goods and/or services, the computer-readable program including;

instructions for receiving with the communications device an electronic information packet that (1) includes an identifier of a credit instrument presented by the customer and registered with the host system and (2) includes transaction information identifying at least some of the goods and/or services;

instructions for transmitting with the communications device an authorization request from the host system to a credit provider associated with the credit instrument;

instructions for receiving with the communications device an approval for the transaction from the credit provider;

instructions for transmitting with the communications device the approval to the merchant;

instructions for identifying with the processor and from the identifier, a plurality of separate discounts available for application to the transaction for the customer; and

instructions for coordinating between the host system and the merchant a modified transaction having a total transaction cost reduced by application of at least one of the plurality of separate discounts available for application to the transaction.

21. A host system comprising:

a communications device;

a storage device;

a processor in communication with the communications device and the storage device; and

a memory coupled with the processor, the memory comprising a computer-readable storage medium having a computer-readable program embodied therein for operating the host system to provide a discount to a transaction executed between a customer and a merchant for a purchase of goods and/or services, the computer-readable program including;

instructions for receiving with the communications device, an electronic information packet that (1) includes an identifier of a discount instrument presented by the customer and purchased for a fee from a discount coordinator and (2) includes transaction information identifying at least some of the goods and/or services;

instructions for identifying with the processor and from the identifier, a plurality of separate discounts available for application to the transaction for the customer; and

instructions for coordinating between the host system and the merchant a modified transaction having a total transaction cost reduced by application of at least one of the plurality of separated discounts available for application to the transaction.