System and Method for Redeeming Coupons
First Claim
1. A computer implemented method for redeeming coupons comprising the steps of:
- providing a coupon bank;
collecting online coupons issued by manufacturers and retailers by the coupon bank;
providing computer implemented online interfaces and databases for a user to track deposits, redemptions, and adjustments to a coupon bank account;
said coupon bank acting as an institution that acts as a payment agent for users by maintaining coupon accounts users;
providing a redemption processing network;
connecting a retailer and the coupon bank for authorization of coupon redemptions at the point of sale;
paying out coupon redemptions to users; and
maintaining online coupons deposited to users'"'"' accounts.
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Accused Products
Abstract
A method dealing with the marketing of manufacturer products using promotional coupons and web based point of sale technology that inventories and matches coupon promotions based on the demands of the consumer. Shopping lists are matched to coupons offered, which provides a mechanism for consumers to prioritize and anticipate buying based on expiration and/or value of coupons. Coupons are presented to the consumer via a website. As the consumer views each coupon, they can bank selected coupons. A coupon bank account is maintained including all coupons banked and redeemed. The consumer does not retain a physical coupon instead at the end of the transaction goods purchased are matched with the coupon bank selected by the consumer. Users are identified through the retailer'"'"'s loyalty program or a universal coupon card for companies without a loyalty card. After products are matched the coupon value is deducted from the total bill.
6 Citations
16 Claims
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1. A computer implemented method for redeeming coupons comprising the steps of:
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providing a coupon bank; collecting online coupons issued by manufacturers and retailers by the coupon bank; providing computer implemented online interfaces and databases for a user to track deposits, redemptions, and adjustments to a coupon bank account; said coupon bank acting as an institution that acts as a payment agent for users by maintaining coupon accounts users; providing a redemption processing network; connecting a retailer and the coupon bank for authorization of coupon redemptions at the point of sale; paying out coupon redemptions to users; and maintaining online coupons deposited to users'"'"' accounts. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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Specification