APPARATUS AND METHODS FOR ENFORCING PURCHASE AGREEMENTS
First Claim
Patent Images
1. An apparatus comprising:
- a processor; and
a storage device in communication with the processor, the storage device storing instructions configured to direct the processor to perform steps of;
establishing a buyer price for a first product, the buyer price being different than a retail price of the first product;
establishing a redemption code which identifies the buyer price and the first product;
charging a financial account for the buyer price; and
charging the financial account for a penalty amount if the redemption code is received in connection with a purchase that does not include the first product, wherein charging the financial account for a penalty amount comprises;
charging a retail price of a second product; and
adjusting a rebate amount to be credited to the financial account.
3 Assignments
0 Petitions
Accused Products
Abstract
Systems and methods are provided for establishing online a buyer price for a first plurality of products. In one embodiment, the buyer price is lower than a retail price of the first plurality of products, the first plurality of products to be picked up during a subsequent transaction at a retailer. Thereafter, a second plurality of products that the buyer has actually received during the subsequent transaction is determined. A penalty may be assessed if the first and second plurality of products do not correspond.
67 Citations
24 Claims
-
1. An apparatus comprising:
-
a processor; and
a storage device in communication with the processor, the storage device storing instructions configured to direct the processor to perform steps of;
establishing a buyer price for a first product, the buyer price being different than a retail price of the first product;
establishing a redemption code which identifies the buyer price and the first product;
charging a financial account for the buyer price; and
charging the financial account for a penalty amount if the redemption code is received in connection with a purchase that does not include the first product, wherein charging the financial account for a penalty amount comprises;
charging a retail price of a second product; and
adjusting a rebate amount to be credited to the financial account. - View Dependent Claims (2, 3, 4, 5)
-
-
6. An apparatus comprising:
-
a processor; and
a storage device in communication with the processor, the storage device storing instructions configured to direct the processor to perform steps of;
establishing online a buyer price for a product, the buyer price being lower than a retail price of the product;
establishing an agreement that the product is to be received during a subsequent transaction at a retailer;
providing, prior to the transaction at the retailer, a redemption code which identifies the buyer price and the product;
charging a financial account for the buyer price; and
charging the financial account for a penalty amount if the redemption code is received in connection with the transaction at the retailer, and the transaction does not include the product. - View Dependent Claims (7, 8, 9, 10, 11, 12, 13)
-
-
14. An apparatus comprising:
-
a processor; and
a storage device in communication with the processor, the storage device storing instructions configured to direct the processor to perform steps of;
establishing online a buyer price for a plurality of products, the buyer price being lower than a sum of a retail price of each of the plurality of products;
establishing an agreement that the plurality of products are to be received during a subsequent transaction at a retailer;
providing, prior to the transaction at the retailer, a redemption code which identifies the buyer price and the plurality of products;
charging a financial account for the buyer price; and
charging the financial account for a penalty amount if the redemption code is received in connection with the transaction at the retailer, and the transaction includes at least one additional product received in addition to the plurality of products. - View Dependent Claims (15)
-
-
16. An apparatus comprising:
-
a processor; and
a storage device in communication with the processor, the storage device storing instructions configured to direct the processor to perform steps of;
establishing a buyer price for a number of units of a product, the buyer price being different than a retail price of the number of units of the product;
charging a financial account for the buyer price;
transmitting a redemption code which identifies the buyer price and the number of units of the product; and
charging the financial account for a penalty amount if the redemption code has been received in connection with a purchase that does not include the number of units of the product. - View Dependent Claims (17, 18, 19, 20)
-
-
21. An apparatus comprising:
-
a processor; and
a storage device in communication with the processor, the storage device storing instructions configured to direct the processor to perform steps of;
establishing a buyer price for a product, the buyer price being different than a retail price of the product;
charging a financial account for the buyer price;
identifying a retailer from which the buyer is to take possession of the product;
transmitting a redemption code which identifies the buyer price, the product and the retailer from which the buyer is take possession of the product;
receiving the redemption code; and
charging the financial account for a penalty amount if the redemption code has been received from a retailer other than the retailer from which the buyer is to take possession of the product.
-
-
22. An apparatus comprising:
-
a processor; and
a storage device in communication with the processor, the storage device storing instructions configured to direct the processor to perform steps of;
associating a first credit card account with a second credit card account;
establishing online a buyer price for a first plurality of products, the buyer price being less than a retail price of the first plurality of products;
generating a redemption code;
associating the redemption code with the buyer price;
setting a credit limit on the first credit card account to an amount based on a retail price of the first plurality of products;
receiving the redemption code;
receiving a request for an amount greater than the credit limit of the first credit card account; and
charging the second credit card account for a penalty amount based on the received request. - View Dependent Claims (23)
-
-
24. An apparatus comprising:
-
a processor; and
a storage device in communication with the processor, the storage device storing instructions configured to direct the processor to perform steps of;
associating a transaction identifier with a credit card account;
establishing online a buyer price for a first plurality of products, the buyer price being different than a retail price of the first plurality of products;
associating the transaction identifier with the first plurality of products and the buyer price;
transmitting the transaction identifier;
receiving, from a retailer, data associated with a transaction at the retailer in which the transaction identifier was used; and
charging the credit card account for a penalty amount if the transaction includes an additional product beyond the first plurality of products, and the additional product was not paid for.
-
Specification