Microtransactions Using Points Over Electronic Networks

• US 20070233568A1
• Filed: 03/08/2007
• Published: 10/04/2007
• Est. Priority Date: 03/10/2006
• Status: Abandoned Application

• Current Assignee: Pan Asset Acquisition LLC
• Original Assignee: Provident Corporation
• Inventors: Gorman, Kevin, Pou, Robin, Edmonson, Brad, Jaworski, Dave
• Application Number:
  US11/683,820
• Publication Number:
  US 20070233568A1
• Time in Patent Office: Days
• US Class Current: 705/14.270
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 30/0226 Incentive systems for frequent usage, e.g. frequent flyer miles programs or point systems
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0603 Catalogue ordering

Abstract

In some implementations, methods and apparatus, including computer program products, facilitate microtransactions over electronic networks by providing an electronic points currency that can be purchased in bulk and used for purchasing goods and services in microtransactions. In a typical implementation, points may be purchased in bulk quantities that have a value that is large relative to the price of a single product that may be purchased in a microtransaction. A microtransaction vendor may offer products for sale at a discount by setting a first price for purchases made with a credit card and a second lower price for purchases made using points.

Claims

1. A method to facilitate electronic microtransactions, the method comprising:

offering points for purchase in bulk quantities, wherein points comprise a currency for on-line microtransactions; and

allocating a bulk quantity of points to a user in exchange for consideration,

wherein the consideration substantially exceeds the purchase price of a single product being offered for sale in a microtransaction.

2. The method of claim 1, wherein the product being offered for sale comprises a service.

3. The method of claim 1, wherein the product being offered for sale comprises an item.

4. The method of claim 1, wherein the product being offered for sale comprises electronic information.

5. The method of claim 4, wherein the electronic information comprises audio information.

6. The method of claim 4, wherein the electronic information comprises video information.

7. The method of claim 4, wherein the purchased information comprises text information.

8. The method of claim 4, wherein the purchased information comprises an electronic file downloadable via an electronic communication channel.

9. The method of claim 1, wherein the value of each individual point is substantially less than the purchase price of a single on-line microtransaction.

10. The method of claim 1, wherein the on-line microtransaction comprises exchanging points for a product being offered over an electronic network.

11. The method of claim 10, wherein the electronic network comprises a wireless portion configured to communicate with at least one wireless device.

12. The method of claim 10, wherein the product being offered over the electronic network is offered at a discounted price for purchases made using points.

13. The method of claim 1, wherein each of the points has equal commercial value.

14. The method of claim 1, further comprising completing a plurality of microtransactions.

15. The method of claim 14, wherein completing each of the plurality of microtransactions comprises exchanging at least one product for some of the points in the bulk quantity of points.

16. The method of claim 15, further comprising offering the at least one product at a discounted price for transactions that are made using points.

17. The method of claim 16, further comprising offering the at least one product at an undiscounted price for transactions that are made without using points.

18. The method of claim 14, wherein completing microtransactions comprises purchasing information.

19. A method to facilitate electronic microtransactions, the method comprising:

offering a product or service for purchase on-line at a first price for purchases made using a credit card; and

offering the product or service for purchase on-line at a discounted price for purchases made using points, the discounted price being less than the first price,

wherein points comprise a currency for on-line microtransactions over an electronic communication channel.

20. The method of claim 19, wherein the value of each individual point is substantially less than the discounted purchase price.

21. The method of claim 19, wherein the electronic communication channel comprises a wireless communication channel.

22. The method of claim 19, wherein the electronic communication channel comprises the Internet.

23. The method of claim 19, wherein a value of each individual point is between about 25% and about 50% of the discounted price.

24. The method of claim 19, wherein a value of each individual point is between about 1% and about 25% of the discounted price.

25. The method of claim 19, wherein a value of each individual point is less than about 1% of the discounted price.

26. The method of claim 19, wherein each of the points has substantially equal commercial value.

27. The method of claim 19, wherein the on-line microtransactions comprise an exchange of points for the offered product or service.

28. The method of claim 19, wherein the on-line microtransactions comprise a purchase of information.

29. The method of claim 28, wherein the purchased information comprises at least one type of information selected from the group consisting of:

audio information;

electronic text information;

video information; and

, an electronic file for download via an electronic communication channel.

30. The method of claim 19, further comprising redeeming a plurality of points in exchange for consideration, the value of which is based on the value of the redeemed points.

31. A method to facilitate electronic transactions, the method comprising:

offering points for purchase in bulk quantities, wherein points comprise currency for making microtransactions;

providing access to a bulk quantity of points in response to receiving consideration in exchange for the provided access; and

offering a product or a service for purchase in exchange for a first number of the points, wherein the received consideration substantially exceeds the value of the first number of points.

32. The method of claim 31, wherein the microtransactions comprise an exchange of the offered product or service for the first number of points.

33. The method of claim 31, wherein the first number of points is between about 25% and about 50% of the value of the received consideration.

34. The method of claim 31, wherein the first number of points is between about 25% and about 50% of the value of the received consideration.

35. The method of claim 31, wherein the first number of points is less than about 1% of the value of the received consideration.

36. The method of claim 31, wherein the provided access is communicated over an electronic communication channel.

37. The method of clam 36, wherein the electronic communication channel comprises a wireless communication channel.