Integrated Real-Time Ancillary Revenue Optimization System
First Claim
1. A method of generating a real-time ancillary offer, comprising:
- obtaining information from a user;
generating an ancillary offer to sell an ancillary product or service using at least said information and input from a ancillary revenue maximization engine; and
providing said ancillary offer to said user.
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Accused Products
Abstract
Systems, methods and computer program products for providing a user with a real-time ancillary offer(s) that maximize profits for merchants by increasing the likelihood of ancillary sales. Ancillary revenue sales include revenue generated from goods or services that differ from or enhance the main product or service lines of a company. An embodiment includes a ancillary revenue maximization engine and a recommendation engine. The user is provided with an ancillary offer generated by the ancillary revenue maximization engine, immediately before a merchant processes a sale with a user. In another exemplary embodiment, the user is provided with an ancillary offer generated by the ancillary revenue maximization engine after a merchant processes a sale with a user. An ancillary offer refers to an offer made to a customer by a merchant to sell an ancillary product or service. The ancillary revenue maximization engine may generate such an ancillary offer based on input received from a recommendation engine. In an embodiment, the recommendation engine uses rule selection, conversion segmentation and product selection to recommend one or more products that may enhance the value of a product or service purchased by a user and may maximize profit to the merchant processing the sale.
27 Citations
27 Claims
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1. A method of generating a real-time ancillary offer, comprising:
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obtaining information from a user; generating an ancillary offer to sell an ancillary product or service using at least said information and input from a ancillary revenue maximization engine; and providing said ancillary offer to said user. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 10, 11, 12, 13, 14, 15, 16, 17)
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9. A method of generating a recommendation for an ancillary product or service, comprising:
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obtaining data from an ancillary revenue maximization engine; validating said data to generate validated data; and selecting one or more rules based on said validated data; wherein said rule is dynamically altered to optimize said recommendation.
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18. A system for generating an ancillary offer comprising:
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a recommendation engine to generate a recommendation; an ancillary revenue maximization engine to generate one or more offers based on said recommendation; and means for providing said offers to a user. - View Dependent Claims (19, 20, 21, 22, 23, 24, 25, 26)
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27. A computer program product having control logic stored therein, said control logic enabling a processor to generate a real-time ancillary offer, said control logic comprising;
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obtaining means for enabling a processor to obtain an input from a user; generating means for enabling a processor to generate a recommendation for an ancillary product or service, based at least on said input; and providing means for enabling a processor to provide said ancillary offer to said user based on said recommendation.
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Specification