Method and System for Conducting Coupon Exchange

• US 20150100402A1
• Filed: 10/06/2014
• Published: 04/09/2015
• Est. Priority Date: 09/02/2012
• Status: Abandoned Application

• Current Assignee: 964 Bidco Limited
• Original Assignee: MPayMe Ltd. (Thompson Investments (London) Ltd.)
• Inventors: GADOTTI, Alessandro
• Application Number:
  US14/506,705
• Publication Number:
  US 20150100402A1
• Time in Patent Office: Days
• US Class Current: 705/14.23
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/387 Payment using discounts or coupons relating to marketing G06Q30/02
• CPC Class Codes: G06Q 30/0222 During e-commerce, i.e. online transactions

Abstract

The coupon exchange platform involves multiple merchants, consumers, and coupon providers. Because a merchant usually interacts directly with consumers in commercial activities, a merchant is in the ideal position to distribute coupons, and not only the ones from its own but also those from other sources. As such, the merchants in the system, for appropriate compensations, serve to provide channels for coupon distribution or placements, whereas the coupon providers pay to deliver their coupon through the merchants. The coupon bidding process comprises retrieving the pre-configured coupon acceptance criteria of a merchant; and identifying the matched coupons provided by the coupon providers, wherein each of the one or more matched coupons is associated with a set of coupon offering parameters that satisfy or match the coupon acceptance criteria of the merchant user. The “winning” coupons can be delivered to a consumer upon the completion of the consumer'"'"'s payment transaction.

Claims

1. A computer implemented method for conducting an electronic discount, entitlement, or incentive coupon, voucher, or point distribution, consumption, and management, comprising:

executing, by a first computer processor, a coupon bidding process, wherein the coupon bidding process comprises;

retrieving, by the first computer processor, one or more coupon acceptance criteria of a merchant, wherein the merchant being engaged in a payment transaction with a consumer, and wherein the one or more coupon acceptance criteria of the merchant are configurable by the merchant and stored in a database; and

identifying, by the first computer processor, one or more matched coupons provided by one or more coupon providers, wherein the one or more matched coupon having coupon offering parameters that are satisfying or matching the coupon acceptance criteria of the merchant, and wherein the coupon offering parameters of coupon providers are stored in the database; and

delivering, by the first computer processor, the one or more matched coupons to the consumer.

2. The method of claim 1, wherein the delivery of the matched coupons to the consumer is performed upon completion of the payment transaction that causes a fund transfer between the consumer and the merchant.

3. The method of claim 1, wherein the coupon bidding process is executed upon completion of the payment transaction that causes a fund transfer between the consumer and the merchant.

4. The method of claim 1, wherein the delivery of the one or more matched coupons to the consumer is by generating and storing data referencing the one or more matched coupons and associating with the consumer user account data record in the database, and wherein the one or more matched coupons are readily usable by the consumer.

5. The method of claim 1, wherein the delivery of the one or more matched coupons to the consumer is by display of the one or more matched coupons on physical media or electronic devices.

6. The method of claim 1,

wherein the coupon acceptance criteria include a minimum asking price;

wherein the coupon offering parameters include a maximum bidding price; and

wherein is the maximum bidding price is satisfying the minimum asking price if the maximum bidding price is equal or higher than the minimum asking price.

7. The method of claim 1,

wherein the coupon offering parameters include one or more desired categories of merchant of which a coupon provider desires to bid for coupon delivery through;

wherein the coupon acceptance criteria include one or more merchant categories that the merchant belongs to; and

wherein the one or more desired categories match the one or more merchant categories that the merchant belongs to if at least one of the one or more desired categories is among the one or more merchant categories that the merchant belongs to.

8. The method of claim 1,

wherein the coupon offering parameters include one or more desired coupon delivery mechanisms of which a coupon provider desires to bid for coupon delivery by;

wherein the coupon acceptance criteria include one or more merchant coupon delivery mechanisms that the merchant is equipped with; and

wherein the one or more desired coupon delivery mechanisms match the one or more merchant coupon delivery mechanisms that the merchant is equipped with if at least one of the one or more desired coupon delivery mechanisms is among the one or more merchant coupon delivery mechanisms that the merchant is equipped with.

9. The method of claim 1,

wherein the coupon offering parameters include one or more desired coupon delivery locations of which a coupon provider desires to bid for coupon delivery at;

wherein the coupon acceptance criteria include one or more merchant locations that the merchant is distributing or presenting coupons; and

wherein the one or more desired coupon delivery locations match the one or more merchant locations if at least one of the one or more desired coupon delivery locations is among the one or more merchant locations.

10. The method of claim 1,

wherein the coupon offering parameters include one or more blocked merchant categories of which a coupon provider desires not to bid for coupon delivery through;

wherein the coupon acceptance criteria include one or more merchant categories that the merchant belongs to; and

wherein the one or more blocked merchant categories match the one or more merchant categories that the merchant belongs to if none of the one or more blocked merchant categories is among the one or more merchant categories that the merchant belongs to.

11. The method of claim 1,

wherein the coupon acceptance criteria include one or more blocked coupon provider categories of which a merchant does not accept coupon bidding from;

wherein the coupon offering parameters include one or more coupon provider categories that the coupon provider belongs to; and

wherein the one or more coupon provider categories that the coupon provider belongs to satisfy the one or more blocked coupon provider categories of which a merchant does not accept coupon bidding from if none of the one or more coupon provider categories that the coupon provider belongs to is among the one or more blocked coupon provider categories of which a merchant does not accept coupon bidding from.