System And Method For Providing A Product-Based Coupon Card Account
First Claim
1. A method for providing a product-based coupon account comprising the steps of:
- receiving, by a processing platform, a data element comprising transaction data associated with a transaction, the transaction data comprising product data associated with a product in the transaction and coupon card data;
determining, by an authorization engine, whether the transaction is approved by comparing the data element to information stored in an authorization table; and
in response to determining, by the authorization engine, that the transaction is approved, sending an approval message to the merchant indicating that a discount can be applied to the transaction.
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Abstract
Providing a product-based coupon account. Specifically, the invention provides systems and methods for providing consumers with a coupon account for receiving an incentive or discount for purchasing a particular product. The consumer is issued a coupon account or coupon card that can be used at a merchant to receive the incentive at the time of purchase of the particular product. The coupon card is scanned at the merchant point of sale and information associated with the transaction including product-level information (e.g., SKU or UPC) and information associated with the coupon card is communicated to a authorization computing system for approval based on this information. The coupon card can be issued for one-time use or can receive updated incentives periodically.
70 Citations
20 Claims
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1. A method for providing a product-based coupon account comprising the steps of:
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receiving, by a processing platform, a data element comprising transaction data associated with a transaction, the transaction data comprising product data associated with a product in the transaction and coupon card data; determining, by an authorization engine, whether the transaction is approved by comparing the data element to information stored in an authorization table; and in response to determining, by the authorization engine, that the transaction is approved, sending an approval message to the merchant indicating that a discount can be applied to the transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A system for providing a product-based coupon account, comprising:
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a computing system communicably coupled to a merchant point of sale, the computing system comprising an authorization engine for determining whether a transaction is approved, the communications between the computing system and merchant point of sale comprising; receiving a data element, at the computing system, comprising transaction data associated with a transaction, the transaction data comprising product data associated with a product in the transaction and coupon card data; and in response to determining, by the authorization engine, that the transaction is approved, sending, by the computing system, an approval message to the merchant point of sale indicating that a discount can be applied to the transaction, wherein the authorization engine determines whether the transaction is approved by comparing the transaction data to information stored in an authorization table. - View Dependent Claims (15, 16, 17, 18, 19, 20)
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Specification