Discount offer redemption system and method

• US 5,612,527 A
• Filed: 03/31/1995
• Issued: 03/18/1997
• Est. Priority Date: 03/31/1995
• Status: Expired due to Term

• Current Assignee: Motivation Innovations LLC
• Original Assignee: Victor A. Ovadia
• Inventors: Ovadia, Victor A.
• Primary Examiner(s): Hajec, Donald T.
• Assistant Examiner(s): LEE, MICHAEL GUNYOUNG
• Application Number:
  US08/414,281
• Time in Patent Office: 718 Days
• Field of Search: 235/395, 235/383, 235/385, 364/401
• US Class Current: 705/14.38
• CPC Class Codes: G06Q 20/201 Price look-up processing, e.g. updating
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0224 based on user history
• CPC Class Codes: G06Q 30/0238 at point-of-sale [POS]
• CPC Class Codes: G06Q 30/0255 based on user history

Abstract

A system for redeeming discount offer flyers which are mailed, handed or otherwise distributed to potential customers, provides identifying indicia on the offer flyer/circulars which is used by a point of sale machine to identify items which are offered at a discount and then apply an appropriate credit to the purchased items. The system further resides in a method of tracking purchasing habits of individuals who receive and use the discount offer flyer by creating a data base file identified by the user name or residence address for items so purchased with the flyer/circular program.

Claims

1. A method for redeeming discount offers comprising:

providing a circulation medium and providing said medium with indicia which includes a machine readable identification code;

causing said medium to be distributed to potential users;

associating said identification code with data identifying items which are to be offered at a discount provided as part of said medium and storing said data in memory in a data base so as to be addressable by said identification code;

providing means for reading said identification code provided with said circulation medium;

providing means associated with said code reading means for tabulating sales of items so that any discount corresponding to an item listed in said data is deducted from the price of the item in the tabulation; and

using said reading means to identify said code provided with said medium and using said means for tabulating items to obtain a price for the involved item and to cause a discount to be debited against the purchased item if the involved item is listed as part of said data identifying an item as qualifying for a discount as called for by the data base data defined by the identification code of the medium.

2. A method as defined in claim 1 further characterized by providing said circulation medium as an offer brochure and providing said machine readable identification code on said brochure so that the code identifies the brochure title and references those items identified in the data base which are offered as discounted products.

3. A method as defined in claim 2 further characterized by the step of providing means for tabulating sales of items including using said reading means to scan product codes on the items purchased to identify the purchased item and cause the price of the item to be entered into the tabulation.

4. A method as defined in claim 3 further characterized by providing said read only memory with address locations corresponding respectively to different discount offers.

5. A method as defined in claim 4 further characterized in that in each of said memory address locations is located a date identifying the expiration of offers on products for which a discount is offered.

6. A method as defined in claim 2 further characterized by the step of using a key pad entry means to manually input the purchased item into the tabulating means.

7. A method as defined in claim 3 further characterizes by said controller being provided with an account memory within which discounts which have been debited against purchased items identified in said data are stored.

8. A method as defined in claim 4 further characterized each of said items in at least one of said memory locations has an expiration date associated with it.

9. A method as defined in claim 4 further characterized by said data including an expiration date for each item offer listed in each of said memory address locations.

10. A method as defined in claim 9 further characterized by providing said controller with an interface means for connecting said account memory with a remote redemption facility.

11. A method as defined in claim 10 further characterized by using said interface means to transfer debit amounts stored in said account memory to the appropriate manufacturer or financial institution or designated intermediary company or entity associated with each discount which is offered.

12. A method as defined in claim 1 further characterized by providing as part of said identification code identification indicia means on said medium for identifying the addressee of said medium;

using said code reading means to read the identification indicia means and to create a data file identified by the information in said identification indicia means; and

using said means for tabulating items to record at least the items caused to be given a discount in said data file identified by the identification indicia means of the user.

13. A method as defined in claim 12 further characterized by said identification indicia means being a standardized bar code identifying at least the address of the holder of the medium.

14. A method as defined in claim 12 further characterized by said identification indicia means being a POSTNET bar code identifying at least the address of the holder of the medium.

15. A method as defined in claim 12 further characterized by using each data file identified by said identification indicia means as a means to study buying habits of the recipient of the medium.

16. A system for redeeming discount offers comprising:

a circulation medium;

said medium having indicia which includes a machine readable identification code;

means for distributing said medium to potential users;

said identification code being associated with data identifying items which are to be offered at a discount provided as part of said medium;

memory means for storing said data in memory in a database so as to be addressable by said identification code;

means for reading said identification code provided with said circulation medium;

means associated with said code reading means for tabulating sales of items so that any discount corresponding to an item listed by said data in said memory means is deducted from the price of the item in the tabulation; and

said reading means identifying said code printed on said medium and said means for tabulating items being used to determine a price for the involved item and to then cause a discount to be debited against the purchased item if the involved item is listed as part of said data identifying an item as qualifying for a discount as called for by discounts defined by the identification code of a circulation medium.

17. A method of tracking customer purchasing habits comprising:

providing a circulation medium and providing said medium with

indicia including a machine readable identification code means;

causing said medium to be distributed to potential users;

associating said identification code means with the addressee of the distributed circulation medium and with data identifying at least one item to be offered at a discount;

providing means for reading said identification code means provided with said circulation medium;

using a code reading means to read the identification code means and to create a data file identified by the information in said identification code means;

providing means for tabulating items and for recording the items purchased by the bearer of the circulation medium and providing means for calculating the at least one discount on the item offered at discount by said identification code means; and

tabulating items purchased and storing a record of the tabulated items in said data file identified by the identification code means thereby enabling tracking of purchasing habits of individuals who receive and use the circulation medium.

18. A method as defined in claim 17 further characterized by providing said identification code means as indicia which identifies the address of the recipient.

19. A method as defined in claim 17 further characterized by providing said identification code means as indicia which identifies the name of the recipient.

20. A method as defined in claim 17 further characterized by providing said identification code means as indicia which identifies the name and address of the recipient.