PROVIDING TARGETED OFFERS BASED ON AGGREGATE DEMAND AND AGGREGATE SUPPLY

• US 20130179246A1
• Filed: 01/09/2012
• Published: 07/11/2013
• Est. Priority Date: 01/09/2012
• Status: Abandoned Application

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Ross, Erik Stephen
• Application Number:
  US13/346,362
• Publication Number:
  US 20130179246A1
• Time in Patent Office: Days
• US Class Current: 705/14.24
• CPC Class Codes: G06Q 30/0207 Discounts or incentives, e.g. coupons or rebates

Abstract

Embodiments of the invention are directed to methods, systems, apparatus and computer program products for collecting location data, wherein the location data comprises information related to a physical location of a user, retrieving, based at least in part on the collected location data, aggregate data related to the product, the aggregate data comprising at least one of aggregate demand data or aggregate supply data, identifying at least one offer related to the product based at least in part on the collected location data and the retrieved aggregate data; and communicating the offer to the user.

Claims

1. A method for communicating at least one offer for a product offered by a merchant, the method comprising:

collecting location data, wherein the location data comprises information related to a physical location of a user;

retrieving, based at least in part on the collected location data, aggregate data related to the product, the aggregate data comprising at least one of aggregate demand data or aggregate supply data;

identifying at least one offer related to the product based at least in part on the collected location data and the retrieved aggregate data; and

communicating the offer to the user.

2. The method of claim 1, further comprising:

collecting user data, wherein the user data comprises information about the user; and

identifying one or more offers that relate to the product is further based at least in part on the user data.

3. The method of claim 1, wherein the location data is collected from at least one of global positioning data, transaction data, mobile device data, social networking data or search data.

4. The method of claim 2, wherein the user data is collected from at least one of transactional data, biographical data, social network data or publicly available data.

5. The method of claim 1, wherein the offer is selected from discounts for goods or services offered by the merchant, discounts for goods or services offered by other merchants, access to goods or services otherwise unavailable to the user, or reductions in fees.

6. The method of claim 1, further comprising:

receiving information from the user relative to an intended route of travel;

determining a projection of the user'"'"'s likely route of travel, based in part on the information received from the user; and

communicating alternative offers to the user based on the projection of the user'"'"'s likely route of travel.

7. The method of claim 1, further comprising:

receiving information from the user related to the communicated offer;

identifying at least one alternate offer that relates to the user, based at least in part on the information from the user; and

communicating at least one alternate offer to the user.

8. The method of claim 1, wherein the aggregate data comprises aggregate demand data related to an aggregate demand of the product.

9. The method of claim 8, wherein the aggregate demand data comprises data indicating a demand for the product across a predetermined geographic territory.

10. The method of claim 8, wherein the aggregate demand data comprises data indicating a demand for the product higher than a predetermined threshold, and wherein identifying an offer for the product is based at least in part on the demand for the product being higher than the predetermined threshold.

11. The method of claim 8, wherein the aggregate demand data comprises data indicating a demand for the product lower than a predetermined threshold, and wherein identifying an offer for the product is based at least in part on the demand for the product being lower than the predetermined threshold.

12. The method of claim 1, wherein the aggregate data comprises aggregate supply data related to an aggregate supply of the product.

13. The method of claim 12, wherein the aggregate supply data comprises data indicating a supply of the product across a predetermined geographic territory.

14. The method of claim 12, wherein the aggregate supply data comprises data indicating a supply of the product higher than a predetermined threshold, and wherein identifying an offer for the product is based at least in part on the supply of the product being higher than the predetermined threshold.

15. The method of claim 12, wherein the aggregate supply data comprises data indicating a supply of the product lower than a predetermined threshold, and wherein identifying an offer for the product is based at least in part on the supply for the product being lower than the predetermined threshold.

16. An apparatus comprising:

a computing platform comprising a memory and at least one processor operatively connected with the memory, wherein the processor is configured to;

collect location data, wherein the location data comprises information related to a physical location of a user;

retrieve, based at least in part on the collected location data, aggregate data related to the product, the aggregate data comprising at least one of aggregate demand data or aggregate supply data;

identify at least one offer related to the product based at least in part on the collected location data and the retrieved aggregate data; and

communicate the offer to the user.

17. The apparatus of claim 16, wherein the processor is further configured to:

collect user data, wherein the user data comprises information about the user; and

identify one or more offers that relate to the product is further based at least in part on the user data.

18. The apparatus of claim 16, wherein the location data is collected from at least one of global positioning data, transaction data, mobile device data, social networking data or search data.

19. The apparatus of claim 17, wherein the user data is collected from at least one of transactional data, biographical data, social network data or publicly available data.

20. The apparatus of claim 16, wherein the offer is selected from discounts for goods or services offered by the merchant, discounts for goods or services offered by at least one other merchant, access to goods or services otherwise unavailable to the user, or at least one reduction in fees.

21. The apparatus of claim 16, wherein the processor is further configured to:

receive information from the user relative to an intended route of travel;

determine a projection of the user'"'"'s likely route of travel, based in part on the information received from the user; and

communicate alternative offers to the user based on the projection of the user'"'"'s likely route of travel.

22. The apparatus of claim 16, wherein the processor is further configured to:

receive information from the user related to the communicated offer;

identify at least one alternate offer that relates to the user, based at least in part on the information from the user; and

communicate at least one alternate offer to the user.

23. The apparatus of claim 16, wherein the aggregate data comprises aggregate demand data related to an aggregate demand of the product.

24. The apparatus of claim 23, wherein the aggregate demand data comprises data indicating a demand for the product across a predetermined geographic territory.

25. The apparatus of claim 23, wherein the aggregate demand data comprises data indicating a demand for the product higher than a predetermined threshold, and wherein identifying an offer for the product is based at least in part on the demand for the product being higher than the predetermined threshold.

26. The apparatus of claim 23, wherein the aggregate demand data comprises data indicating a demand for the product lower than a predetermined threshold, and wherein identifying an offer for the product is based at least in part on the demand for the product being lower than the predetermined threshold.

27. The apparatus of claim 16, wherein the aggregate data comprises aggregate supply data related to an aggregate supply of the product.

28. The apparatus of claim 27, wherein the aggregate supply data comprises data indicating a supply of the product across a predetermined geographic territory.

29. The apparatus of claim 27, wherein the aggregate supply data comprises data indicating a supply of the product higher than a predetermined threshold, and wherein identifying an offer for the product is based at least in part on the supply of the product being higher than the predetermined threshold.

30. The apparatus of claim 27, wherein the aggregate supply data comprises data indicating a supply of the product lower than a predetermined threshold, and wherein identifying an offer for the product is based at least in part on the supply for the product being lower than the predetermined threshold.

31. A computer program product comprising a non-transitory computer-readable medium having computer-executable instructions stored thereon, the computer-executable instructions comprising instructions to:

collect location data, wherein the location data comprises information related to a physical location of a user;

retrieve, based at least in part on the collected location data, aggregate data related to the product, the aggregate data comprising at least one of aggregate demand data or aggregate supply data;

identify at least one offer related to the product based at least in part on the collected location data and the retrieved aggregate data; and

communicate the offer to the user.

32. The computer program product of claim 31, wherein the instructions further comprise instructions to:

collect user data, wherein the user data comprises information about the user; and

identify one or more offers that relate to the product is further based at least in part on the user data.

33. The computer program product of claim 31, wherein the location data is collected from at least one of global positioning data, transaction data, mobile device data, social networking data or search data.

34. The computer program product of claim 32, wherein the user data is collected from at least one of transactional data, biographical data, social network data or publicly available data.

35. The computer program product of claim 31, wherein the offer is selected from discounts for goods or services offered by the merchant, discounts for goods or services offered by at least one other merchant, access to goods or services otherwise unavailable to the user, or at least one reduction in fees.

36. The computer program product of claim 31, wherein the instructions further comprise instructions to:

receive information from the user relative to an intended route of travel;

determine a projection of the user'"'"'s likely route of travel, based in part on the information received from the user; and

communicate alternative offers to the user based on the projection of the user'"'"'s likely route of travel.

37. The computer program product of claim 31, wherein the instructions further comprise instructions to:

receive information from the user related to the communicated offer;

identify at least one alternate offer that relates to the user, based at least in part on the information from the user; and

communicate at least one alternate offer to the user.

38. The computer program product of claim 31, wherein the aggregate data comprises aggregate demand data related to an aggregate demand of the product.

39. The computer program product of claim 38, wherein the aggregate demand data comprises data indicating a demand for the product across a predetermined geographic territory.

40. The computer program product of claim 38, wherein the aggregate demand data comprises data indicating a demand for the product higher than a predetermined threshold, and wherein identifying an offer for the product is based at least in part on the demand for the product being higher than the predetermined threshold.

41. The computer program product of claim 38, wherein the aggregate demand data comprises data indicating a demand for the product lower than a predetermined threshold, and wherein identifying an offer for the product is based at least in part on the demand for the product being lower than the predetermined threshold.

42. The computer program product of claim 31, wherein the aggregate data comprises aggregate supply data related to an aggregate supply of the product.

43. The computer program product of claim 42, wherein the aggregate supply data comprises data indicating a supply of the product across a predetermined geographic territory.

44. The computer program product of claim 42, wherein the aggregate supply data comprises data indicating a supply of the product higher than a predetermined threshold, and wherein identifying an offer for the product is based at least in part on the supply of the product being higher than the predetermined threshold.

45. The computer program product of claim 42, wherein the aggregate supply data comprises data indicating a supply of the product lower than a predetermined threshold, and wherein identifying an offer for the product is based at least in part on the supply for the product being lower than the predetermined threshold.