Retail system for selling products based on a flexible product description
First Claim
1. A method for redemption processing comprising:
- receiving an indication of a redemption identifier that is to be redeemed for a product or service, wherein the redemption identifier comprises redemption information related to a product transaction or a service transaction;
determining, by a computer processor, that the redemption identifier is a validated redemption identifier, wherein the redemption identifier is determined to be validated based at least in part on a payment status associated with the redemption identifier; and
generating an indication of the determined validity, wherein the indication of the determined validity enables a retailer to accept the redemption identifier as payment for at least a portion of a purchase price of a product or service.
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Accused Products
Abstract
According to one described embodiment, a method is provided in which transaction information is determined. The transaction information is associated with (i) a buyer who has arranged to purchase a product from a central controller at a first price established between the buyer and the central controller and (ii) a merchant that offers the product for sale at a second price, different from the first price, without offering the product for sale to buyers at the first price. Information is transmitted that facilitates the acquisition of the product by the buyer, in exchange for payment provided by the buyer to the central controller. An amount based on the second price is provided to the merchant.
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Citations
20 Claims
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1. A method for redemption processing comprising:
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receiving an indication of a redemption identifier that is to be redeemed for a product or service, wherein the redemption identifier comprises redemption information related to a product transaction or a service transaction; determining, by a computer processor, that the redemption identifier is a validated redemption identifier, wherein the redemption identifier is determined to be validated based at least in part on a payment status associated with the redemption identifier; and generating an indication of the determined validity, wherein the indication of the determined validity enables a retailer to accept the redemption identifier as payment for at least a portion of a purchase price of a product or service. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. An apparatus for redemption processing comprising:
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at least one processor; and at least one memory including computer program code, the at least one memory and the computer program code configured to, with the at least one processor, cause the apparatus to at least; receive an indication of a redemption identifier that is to be redeemed for a product or service, wherein the redemption identifier comprises redemption information related to a product transaction or a service transaction; determine that the redemption identifier is a validated redemption identifier, wherein the redemption identifier is determined to be validated based at least in part on a payment status associated with the redemption identifier; and generate an indication of the determined validity, wherein the indication of the determined validity enables a retailer to accept the redemption identifier as payment for at least a portion of a purchase price of a product or service. - View Dependent Claims (10, 11, 12, 13, 14)
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15. A non-transitory computer-readable medium storing a program that, when executed by an apparatus, cause the apparatus to:
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receive an indication of a redemption identifier that is to be redeemed for a product or service, wherein the redemption identifier comprises redemption information related to a product transaction or a service transaction; determine that the redemption identifier is a validated redemption identifier, wherein the redemption identifier is determined to be validated based at least in part on a payment status associated with the redemption identifier; and generate an indication of the determined validity, wherein the indication of the determined validity enables a retailer to accept the redemption identifier as payment for at least a portion of a purchase price of a product or service. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification