TRANSACTION INSTRUMENT INVENTORY MANAGEMENT SYSTEM AND METHOD

• US 20050199707A1
• Filed: 01/25/2005
• Published: 09/15/2005
• Est. Priority Date: 03/12/2004
• Status: Active Grant

• Current Assignee: Liberty Peak Ventures, LLC (Dominion Harbor Enterprises, LLC)
• Original Assignee: American Express Travel Related Services Company, Inc. (American Express Company)
• Inventors: Miller, Sven, Page, Clyde, Beck, Randy
• Granted Patent: US 7,281,653 B2
• Time in Patent Office: Days
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/203 Inventory monitoring
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

A system and method for facilitating inventory management in financial transaction instrument distribution is disclosed. The method may include the steps of: receiving information related to the sale of a first transaction instrument, wherein the first transaction instrument is associated with a second transaction instrument, wherein the first and second transaction instruments comprise a group of transaction instruments, and wherein the information identifies a location of the sale of the first transaction instrument; and associating the location of the sale of the first transaction instrument with the second transaction instrument and/or the group of transaction instruments.

Claims

1. A method of facilitating inventory management in a financial transaction instrument distribution system, the method comprising:

receiving information related to a sale of a first transaction instrument, wherein said first transaction instrument is associated with a first unique identifier, wherein said first unique identifier is associated with a second unique identifier, wherein said second unique identifier is associated with a second transaction instrument, wherein said first and said second transaction instruments comprise a group of transaction instruments, and wherein said information identifies a location of said sale of said first transaction instrument; and

associating said location of said sale of said first transaction instrument with at least one of said second transaction instrument and said group of transaction instruments.

2. The method of claim 1, wherein said associating step further comprises storing said location in a database such that said location is associated with said second transaction instrument.

3. The method of claim 1, wherein said associating step further comprises storing said location in a database such that said location is associated with said group of transaction instruments.

4. The method of claim 1, wherein identifying the location of said sale of said first transaction instrument comprises determining a physical location of at least one of a retail sales package and a transaction instrument.

5. The method of claim 1, wherein identifying the location of said sale of said first transaction instrument comprises identifying at least one of an entity responsible for a retail distribution of said first transaction instrument, and an entity in possession of said first transaction instrument, wherein said entities comprise at least one of:

a name of a store, an identification of a clerk, an identification of a manager/assistant manager, a department, a point-of-sale terminal, a building, and a country.

6. A method of facilitating inventory management in a financial transaction instrument distribution system, the method comprising:

associating a first transaction instrument with a first identifier;

associating a second transaction instrument with a second identifier;

physically grouping said first and second transaction instruments to form a group of transaction instruments;

transferring said group of transaction instruments to a distributor;

associating said first and second identifiers to each other;

receiving information related to a distribution of said first transaction instrument by said distributor; and

determining a location of said second transaction instrument based on said information and said association of said first and second identifiers.

7. The method of claim 6, wherein said first and second identifiers are the same identifier and identify said group of transaction instruments.

8. The method of claim 6, wherein said information includes an identifier of said distributor, and wherein said identifier may be used to determine said location of said distribution of said first transaction instrument.

9. The method of claim 6, wherein said information comprises a request for authorization to sell said first transaction instrument, wherein said request is sent by said distributor and requested of an issuer.

10. The method of claim 6, wherein said step of transferring said group of transaction instruments to said distributor comprises transferring said group of transaction instruments to sub-distributors in a distribution chain.

11. The method of claim 6, wherein the step of transferring said group of transaction instruments to said distributor further comprises transferring said group of transaction instruments to an internal distributor, and wherein said determining step comprises determining said location within a building associated with said distributor of said second transaction instrument.

12. An inventory management system for facilitating the distribution of financial transaction instruments comprising:

an issuer system, wherein said issuer system is configured to produce financial transaction instruments, group a number of said financial transaction instruments, associate said financial transaction instruments with each other in a database, transfer a group of financial transaction instruments to a distributor system, receive information related to a retail distribution of at least one of said financial transaction instruments from said group of financial transaction instruments, and update an inventory management database to identify the location of the remainder of the financial transaction instruments associated with said group of financial transaction instruments after a first financial transaction instrument in that group is distributed.

13. A reverse inventory management method for facilitating distribution of financial transaction instruments, the method comprising:

receiving information related to said distribution of a first retail sale package containing a first transaction instrument, wherein said retail sale package is associated with a second retail sale package containing a second transaction instrument, wherein said first and second retail sale packages comprise a distribution group, and wherein said information identifies a location of a sale of said first retail sale package; and

associating said location of said sale of said first retail sale package with said second retail sale package to facilitate determining said location of said second retail sale package in an inventory system.