Location-based discounts in different currencies

• US 10,157,398 B2
• Filed: 05/26/2016
• Issued: 12/18/2018
• Est. Priority Date: 07/18/2006
• Status: Active Grant

• Current Assignee: American Express Travel Related Services Company, Inc. (American Express Company)
• Original Assignee: American Express Travel Related Services Company, Inc. (American Express Company)
• Inventors: Tiku, Sripriya, Tully, Peter, Wolf, David
• Primary Examiner(s): Brown, Luis A
• Application Number:
  US15/166,086
• Publication Number:
  US 20160275558A1
• Time in Patent Office: 936 Days
• Field of Search: 705 1417, 705 1434, 705 1458, 705 39, 705 261, 705 1427, 705 1428, 705 1449
• CPC Class Codes: G06Q 20/384 using social networks
• CPC Class Codes: G06Q 20/387 Payment using discounts or coupons relating to marketing G06Q30/02
• CPC Class Codes: G06Q 30/0207 Discounts or incentives, e.g. coupons or rebates
• CPC Class Codes: G06Q 30/0261 based on user location

Abstract

The systems and methods of the disclosure allow user from various countries to take advantage of offers when they are traveling internationally. Once the purchase associated with the offer is made, the transaction information may be processed by the system, such that, the credit and debit associated with the purchase are transmitted to the transaction account and the merchant. The transaction information may be further processed to determine whether the particular transaction is eligible for a reward. Where the transaction is eligible for a reward, the credit and debit associated with reward are transmitted to the transaction account and the sponsoring entity. The reward may be provided in any suitable currency or in various currencies based on the parameters governing the reward offer.

Claims

1. A method comprising:

associating, by a computer based system, a transaction account of a user with a reward program, wherein the transaction account is associated with a first monetary currency;

determining, by the computer based system, a current location of the user based on at least one of spend data associated with a current location of a user device of the user, an activity associated with the transaction account, or an action in a digital channel associating the current location of the user device with a geographic region of an offer;

determining, by the computer based system, a future location of the user based on at least one of a travel itinerary of the user or the action in the digital channel associating a future location of the user device with the geographic region of the offer;

identifying, by the computer based system, the offer from the reward program having a plurality of offers with eligibility requirements, wherein the eligibility requirements include the transaction in a second monetary currency and the geographic region of the offer, and wherein the identifying is based on satisfying the eligibility requirements, the current location and the future location;

notifying, by the computer based system, the user device about the offer;

associating, by the computer based system and in response to the notifying, the offer with the transaction account;

receiving, by the computer based system, transaction information comprising transaction account information and purchase information to validate the offer;

converting, by the computer based system, an amount of the offer from the second monetary currency associated with the future location of the user to the first monetary currency associated with the transaction account;

providing, by the computer based system, a monetary credit associated with the offer to the transaction account in the first monetary currency associated with the transaction account; and

providing, by the computer based system, a monetary debit associated with the offer to a sponsoring entity of the offer in the second monetary currency associated with the future location of the user.

2. The method of claim 1, wherein the identifying the offer is further based on a user profile, wherein the user profile is associated with the transaction account.

3. The method of claim 1, further comprising monitoring the travel itinerary within a travel system.

4. The method of claim 1, wherein transactions for the transaction account are billed in the first monetary currency.

5. The method of claim 1, further comprising receiving, by the computer based system, purchase information that includes the offer.

6. The method of claim 1, further comprising

analyzing, by the computer based system, the transaction account information and the purchase information to validate fulfillment of the offer.

7. The method of claim 1, wherein the offer provides a discount in the second monetary currency that is different than the first monetary currency.

8. The method of claim 1, wherein the sponsoring entity sponsors the offer and is at least one of a transaction account issuer, a merchant, a product manufacturer, a merchant acquirer, or an affiliate.

9. The method of claim 1, wherein the providing the monetary credit associated with the offer to the transaction account includes providing the monetary credit on a statement associated with the transaction account.

10. The method of claim 1, wherein the computer based system is operated by at least one of a transaction account issuer or a third party.

11. The method of claim 1, further comprising receiving, by the computer based system, a selection of the offer in the second currency of the sponsoring entity.

12. The method of claim 1, further comprising receiving, by the computer based system, transaction information, wherein the transaction information further comprises data from a social media channel within the digital channel, and wherein the transaction account is associated with the social media channel.

13. The method of claim 1, further comprising:

receiving, by the computer based system, transaction information;

parsing, by the computer based system, the transaction information into a merchant portion and a transaction account portion; and

transmitting, by the computer based system, a purchase credit to a merchant associated with the transaction information based on the merchant portion.

14. A computer based system comprising:

a processor; and

a network interface communicating with a tangible, non-transitory memory,

the processor, when executing a computer program, performs operations comprising;

associating, by the processor, a transaction account of a user with a reward program, wherein the transaction account is associated with a first monetary currency;

determining, by the processor, a current location of the user based on at least one of spend data associated with a current location of a user device of the user, an activity associated with the transaction account, or an action in a digital channel associating the current location of the user device with a geographic region of an offer;

determining, by the processor, a future location of the user based on at least one of a travel itinerary of the user or the action in the digital channel associating a future location of the user device with the geographic region of the offer;

identifying, by the processor, the offer from the reward program having a plurality of offers with eligibility requirements, wherein the eligibility requirements include the transaction in a second monetary currency and the geographic region of the offer, and wherein the identifying is based on satisfying the eligibility requirements, the current location and the future location;

notifying, by the processor, the user device about the offer;

associating, by the processor and in response to the notifying, the offer with the transaction account;

receiving, by the processor, transaction information comprising transaction account information and purchase information to validate the offer;

converting, by the processor, an amount of the offer from the second monetary currency associated with the future location of the user to the first monetary currency associated with the transaction account;

providing, by the processor, a monetary credit associated with the offer to the transaction account in the first monetary currency associated with the transaction account; and

providing, by the processor, a monetary debit associated with the offer to a sponsoring entity of the offer in the second monetary currency associated with the future location of the user.

15. The system of claim 14, wherein the identifying the offer is further based on a user profile, wherein the user profile is associated with the transaction account.

16. The system of claim 14, further comprising monitoring the travel itinerary within a travel system.

17. The system of claim 14, wherein transactions for the transaction account are billed in the first monetary currency.

18. The system of claim 14, further comprising

analyzing, by the processor, the transaction account information and the purchase information to validate fulfillment of the offer.

19. The system of claim 14, wherein the offer provides a discount in the second monetary currency that is different than the first monetary currency.

20. A non-transitory computer-readable storage medium having stored thereon sequences of instructions, the sequences of instructions including instructions which, when executed by a computer based system, cause the computer based system to perform operations comprising:

associating, by the computer based system, a transaction account of a user with a reward program, wherein the transaction account is associated with a first monetary currency;

determining, by the computer based system, a current location of the user based on at least one of spend data associated with a current location of a user device of the user, an activity associated with the transaction account, or an action in a digital channel associating the current location of the user device with a geographic region of an offer;

determining, by the computer based system, a future location of the user based on at least one of a travel itinerary of the user or the action in the digital channel associating a future location of the user device with the geographic region of the offer;

identifying, by the computer based system, the offer from the reward program having a plurality of offers with eligibility requirements, wherein the eligibility requirements include the transaction in a second monetary currency and the geographic region of the offer, and wherein the identifying is based on satisfying the eligibility requirements, the current location and the future location;

notifying, by the computer based system, the user device about the offer;

associating, by the computer based system and in response to the notifying, the offer with the transaction account;

receiving, by the computer based system, transaction information comprising transaction account information and purchase information to validate the offer;

converting, by the computer based system, an amount of the offer from the second monetary currency associated with the future location of the user to the first monetary currency associated with the transaction account;

providing, by the computer based system, a monetary credit associated with the offer to the transaction account in the first monetary currency associated with the transaction account; and

providing, by the computer based system, a monetary debit associated with the offer to a sponsoring entity of the offer in the second monetary currency associated with the future location of the user.