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Peel off coupon redemption card with microprocessor chip and tracking system

  • US 5,865,470 A
  • Filed: 03/25/1996
  • Issued: 02/02/1999
  • Est. Priority Date: 05/12/1992
  • Status: Expired due to Fees
First Claim
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1. A method of redeeming a coupon secured to a redemption card which comprises:

  • presenting to a redemption center a redemption card having a memory chip or microprocessor chip and a bar code thereon and containing at least one peel-off coupon;

    peeling off at least one said peel-off coupon from said redemption card;

    transferring said peel-off coupon to a tracking means;

    crediting the value of said peel-off coupon to the redeemer by reading said bar code on said redemption card with a bar code reader or by reading said memory chip or said microprocessor chip with an electronic reader; and

    returning said redemption card to the redeemer.

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