OFFER MANAGEMENT AND SETTLEMENT IN A PAYMENT NETWORK
First Claim
Patent Images
1. A method of facilitating a transaction, comprising:
- issuing an offer to a consumer, the offer being associated with the consumer and including at least one action for acceptance;
reserving an offer amount associated with the offer in a reservation account;
initiating the transaction between the consumer and a merchant, the transaction including the action to accept the offer and a transaction amount to the merchant;
debiting the reservation account the offer amount associated with the offer;
debiting one or more consumer accounts a consumer amount such that the offer amount and consumer amount are based on the transaction amount due to the merchant; and
crediting a merchant account the transaction amount due to the merchant.
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Abstract
A payment network for facilitating transactions involves management of offers and accounts associated with a consumer. During a transaction, the payment network can associate one or more offers and accounts in settling a transaction. Once the offer and accounts have been associated with the transaction, the payment network can adjust a transaction amount and/or identify amounts to be debited for each account associated with the transaction.
86 Citations
19 Claims
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1. A method of facilitating a transaction, comprising:
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issuing an offer to a consumer, the offer being associated with the consumer and including at least one action for acceptance; reserving an offer amount associated with the offer in a reservation account; initiating the transaction between the consumer and a merchant, the transaction including the action to accept the offer and a transaction amount to the merchant; debiting the reservation account the offer amount associated with the offer; debiting one or more consumer accounts a consumer amount such that the offer amount and consumer amount are based on the transaction amount due to the merchant; and crediting a merchant account the transaction amount due to the merchant. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19)
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Specification