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SYSTEMS AND METHODS FOR MANAGING OVERAGES IN DAILY DEALS

  • US 20130185125A1
  • Filed: 01/14/2013
  • Published: 07/18/2013
  • Est. Priority Date: 01/12/2012
  • Status: Abandoned Application
First Claim
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1. A method of post-settlement adjustment for managing overages for offers redeemed by consumers, the method comprising:

  • receiving an indication of redemption of an offer by a consumer;

    receiving an intelligent transaction card number used with a redemption code to purchase products or services contained in the redeemed offer, wherein the intelligent transaction card number indicates a total amount of a transaction at a merchant, wherein the total amount includes a value of the redeemed offer and an overage spent by the consumer at the merchant in addition to the value of the redeemed offer;

    conducting, in a payment processing network, post-clearing adjustments based on terms of the redeemed offer;

    generating, by the payment processing network, instructions for corresponding credits or debits of funds by;

    debiting the value of the redeemed offer; and

    crediting a value corresponding to settlement of funds with the merchant where the offer was redeemed;

    receiving, from a card issuer, instructions to transfer funds from a first purse for the value of the redeemed offer;

    authorizing, clearing and settling the transferred funds; and

    receiving, from the card issuer, instructions to transfer funds from a second purse for the overage.

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