SYSTEM AND METHOD FOR PAYMENT INCENTIVIZING
First Claim
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1. A system for incentivizing payment means, the system comprising:
- a payment incentivizing module, comprising computer-executable code stored in non-volatile memory,a merchant module comprising computer-executable code stored in non-volatile memory,a processor, anda communications means,wherein said payment incentivizing module, said merchant module, said processor, and said communications means are operably connected and are configured to;
determine a desired payment means for a payment transaction request;
receive said payment transaction request from a user regarding a transaction with a merchant;
transmit a desired payment means incentive code associated with said payment transaction request;
receive confirmation from said merchant;
generate one or more desired payment means incentive; and
transmit said one or more desired payment means incentive.
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Abstract
The present invention generally relates to systems and methods for incentivizing payment means. Specifically, this invention relates to a system and method for incentivizing the use of cash payments for completion of in person transactions.
46 Citations
18 Claims
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1. A system for incentivizing payment means, the system comprising:
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a payment incentivizing module, comprising computer-executable code stored in non-volatile memory, a merchant module comprising computer-executable code stored in non-volatile memory, a processor, and a communications means, wherein said payment incentivizing module, said merchant module, said processor, and said communications means are operably connected and are configured to; determine a desired payment means for a payment transaction request; receive said payment transaction request from a user regarding a transaction with a merchant; transmit a desired payment means incentive code associated with said payment transaction request; receive confirmation from said merchant; generate one or more desired payment means incentive; and transmit said one or more desired payment means incentive. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A method for incentivizing payment means, said method comprising the steps of:
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determining a desired payment means for a payment transaction request; receiving said payment transaction request from a user regarding a transaction with a merchant; transmitting a desired payment means incentive code associated with said payment transaction request; receiving confirmation from said merchant; generating one or more desired payment means incentive; and transmitting said one or more desired payment means incentive. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18)
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Specification