METHOD AND SYSTEM FOR FACILITATING MERCHANT-CUSTOMER RETAIL EVENTS USING A FINANCIAL TRANSACTION FACILITATION SYSTEM
First Claim
Patent Images
1. Method for facilitating merchant-customer retail events, the method comprising:
- associating a vendor-merchant with a plurality of system-users;
enabling the vendor-merchant to offer one or more redeemable coupons and one or more products or services associated with the redeemable coupons, wherein the redeemable coupons are associated with conditions including a duration for accepting the offer, an offer location zone, a redemption location, and a duration for redeeming an accepted offer;
transmitting offers to sell the redeemable coupons to system-users associated with the vendor-merchant when the system-users are within the offer location zone, wherein the offer location zone is defined as a predetermined distance from the vendor-merchant;
enabling a system-user to remit payment for an accepted offer by a vendor-merchant using a third-party artificial payment system;
transmitting a unique identifier associated with the offer upon satisfactory payment of the offer using the third-party artificial payment system, wherein the unique identifier is only acceptable by a vendor-merchant at the redemption location within the duration for redeeming the accepted offer;
receiving the unique identifier from the user at the redemption location by physically scanning the unique identifier visible on a mobile device presented by the system-user;
determining if the received unique identifier is valid and received within the duration for redeeming the accepted offer for fulfillment of the offer; and
facilitating the retail event upon validation and redemption with the duration for redeeming the accepted offer.
0 Assignments
0 Petitions
Accused Products
Abstract
Method and system is disclosed for facilitating merchant-customer retail events using a financial transaction facilitation system. The system selectively registers merchant-vendors and system-users. Offers by merchant-vendors are purchased by system-users for redemption at selectable times and physical locations. The purchases are made using a third-party artificial currency system. Payment by the third-party artificial currency system is authenticated and applied to the merchant-vendor upon purchase confirmation and validation.
-
Citations
20 Claims
-
1. Method for facilitating merchant-customer retail events, the method comprising:
-
associating a vendor-merchant with a plurality of system-users; enabling the vendor-merchant to offer one or more redeemable coupons and one or more products or services associated with the redeemable coupons, wherein the redeemable coupons are associated with conditions including a duration for accepting the offer, an offer location zone, a redemption location, and a duration for redeeming an accepted offer; transmitting offers to sell the redeemable coupons to system-users associated with the vendor-merchant when the system-users are within the offer location zone, wherein the offer location zone is defined as a predetermined distance from the vendor-merchant; enabling a system-user to remit payment for an accepted offer by a vendor-merchant using a third-party artificial payment system; transmitting a unique identifier associated with the offer upon satisfactory payment of the offer using the third-party artificial payment system, wherein the unique identifier is only acceptable by a vendor-merchant at the redemption location within the duration for redeeming the accepted offer; receiving the unique identifier from the user at the redemption location by physically scanning the unique identifier visible on a mobile device presented by the system-user; determining if the received unique identifier is valid and received within the duration for redeeming the accepted offer for fulfillment of the offer; and facilitating the retail event upon validation and redemption with the duration for redeeming the accepted offer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
-
-
9. A non-transitory computer readable memory that stores a program code executed by a computer for facilitating merchant-customer retail events, comprising:
-
associating a vendor-merchant with a plurality of system-users; enabling the vendor-merchant to offer one or more redeemable coupons and one or more products or services associated with the redeemable coupons, wherein the redeemable coupons are associated with conditions including a duration for accepting the offer, an offer location zone, a redemption location, and a duration for redeeming an accepted offer; transmitting offers to sell the redeemable coupons to system-users associated with the vendor-merchant when the system-users are within the offer location zone, wherein the offer location zone is defined as a predetermined distance from the vendor-merchant; enabling a system-user to remit payment for an accepted offer by a vendor-merchant using a third-party artificial payment system; transmitting a unique identifier associated with the offer upon satisfactory payment of the offer using the third-party artificial payment system, wherein the unique identifier is only acceptable by a vendor-merchant at the redemption location within the duration for redeeming the accepted offer; receiving the unique identifier from the user at the redemption location by physically scanning the unique identifier visible on a mobile device presented by the system-user; and determining if the received unique identifier is valid and received within the duration for redeeming the accepted offer for fulfillment of the offer. - View Dependent Claims (10, 11, 12, 13, 14, 15)
-
-
16. A computer system comprising a processor, a memory and an input output device wherein the memory stores computer executable instructions and the processor is adapted to execute computer executable instructions for dividing an amount, the computer executable instructions comprising:
-
associating a vendor-merchant with a plurality of system-users; enabling the vendor-merchant to offer one or more redeemable coupons and one or more products or services associated with the redeemable coupons, wherein the redeemable coupons are associated with conditions including a duration for accepting the offer, an offer location zone, a redemption location, and a duration for redeeming an accepted offer; transmitting offers to sell the redeemable coupons to system-users associated with the vendor-merchant when the system-users are within the offer location zone, wherein the offer location zone is defined as a predetermined distance from the vendor-merchant; enabling a system-user to remit payment for an accepted offer by a vendor-merchant using a third-party artificial payment system; transmitting a unique identifier associated with the offer upon satisfactory payment of the offer using the third-party artificial payment system, wherein the unique identifier is only acceptable by a vendor-merchant at the redemption location within the duration for redeeming the accepted offer; receiving the unique identifier from the user at the redemption location by physically scanning the unique identifier visible on a mobile device presented by the system-user; and determining if the received unique identifier is valid and received within the duration for redeeming the accepted offer for fulfillment of the offer. - View Dependent Claims (17, 18, 19, 20)
-
Specification