Credit item tracking system

• US 20080313034A1
• Filed: 06/12/2007
• Published: 12/18/2008
• Est. Priority Date: 06/12/2007
• Status: Abandoned Application

• Current Assignee: Kurt Wise
• Original Assignee: Kurt Wise
• Inventors: Wise, Kurt
• Application Number:
  US11/811,686
• Publication Number:
  US 20080313034A1
• Time in Patent Office: Days
• US Class Current: 705/14
• CPC Class Codes: G06Q 30/0215 Including financial accounts
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A transaction system comprising: a participating vendor tracking mechanism that identifies at least one participating vendor which has authorized at least one certificate to be sold at a face value determined by a promotional campaign and rate plan; a purchase interface that generates a request by a customer for at least one certificate in real time; and a credit tracking system whereby credits are issued to a participating vendor for each certificate authorized in real time.

Claims

1. A transaction system comprising:

a participating vendor tracking mechanism which identifies at least one participating vendor which has authorized at least one certificate to be sold at a face value determined by a promotional campaign and rate plan;

a purchase interface, said purchase interface generating a request by a customer for at least one certificate in real time; and

a credit tracking system whereby credits are issued to a participating vendor for each certificate authorized in real time.

2. The system of claim 1, wherein said system further includes a validation mechanism, said validation mechanism capable of updating said at least one certificate in real time.

3. The system of claim 2, wherein said validation mechanism further validates at least one piece of information, said at least one piece of information selected from a group comprised of a transaction amount, a value of said at least one certificate, an authenticity about said at least one certificate, and combinations thereof.

4. The system of claim 2, wherein said validation mechanism is capable of associating a certificate with identifying information, said identifying information selected from a group comprised of a credit card number, a customer name, an input mechanism, a date of purchase of said at least one certificate, a time of purchase of said at least one certificate, a transaction amount, security information, and market research information.

5. The system of claim 1, wherein said participating vendor tracking mechanism tracks which of said at least one participating vendor recognize said at least one certificate as a form of payment for a type of transaction selected from a group comprised of online sales, retail sales, in-person sales, billed sales, open account sales, and combinations thereof.

6. The system of claim 1, wherein said system further includes a validation mechanism, said validation mechanism tracking data about said customer and storing at least a portion of said data in real time and allowing said data to be viewed on a computer interface, said data selected from a group comprised of account holder behaviors, account holder purchases, account holder purchase patterns, and account holder interests expressed in goods or services or contacts with one or more identified participating vendors.

7. The system of claim 1, wherein said credit item tracking mechanism tracks said information about at least one credit item in real time.

8. The system of claim 1, wherein said system further includes a credit item tracking mechanism, said credit item tracking mechanism tracking information about at least one credit item.

9. The system of claim 1, wherein said system further includes a participating vendor tracking mechanism, said participating vendor tracking mechanism tracks information about participating vendors in real time.

10. The system of claim 1, wherein said certificate order fulfillment mechanism fulfills a certificate order in real time.

11. The system of claim 1, wherein said payment receiving mechanism further allocates payment to at least one revenue distribution recipient in real time.

12. The system of claim 1, wherein said system further includes a mechanism for converting said credit items to cash.

13. The system of claim 1, wherein said system further includes said mechanism for converting said credit items to goods and services.

14. A method of managing at least one unique identifying certificate comprising the steps of:

identifying at least one participating vendor using a vendor tracking mechanism;

associating at least one rate plan and one promotional campaign and at least one rate plan with at least one participating vendor;

receiving a certificate request;

associating at least one rate plan and at least one promotional campaign with said at least one certificate in real time;

associating a face value to said at least one unique identifying certificate in real time;

issuing said at least one certificate to at least one customer;

receiving and recording a payment amount from said at least one customer; and

crediting said payment amount to at least one revenue recipient based upon at least one of said at least one rate plan in real time.

15. The method of claim 14, further including the step of recording that said at least one unique identifying certificate has been used for a transaction in real time.

16. The method of 14, wherein said system further includes the step of validating a transaction.

17. The method of 14, wherein said system further includes the step of issuing said credit items to said participating vendor.

18. The method of 14, wherein said system further includes the step of redeeming a credit item from said participating vendor.

19. The method of 18, wherein said system further includes the step of redeeming a credit item from said participating vendor for cash.

20. The method of 14, wherein said system further includes the step of tracking customer information in a database.