Coupon deposit account fraud protection system

• US 9,892,419 B1
• Filed: 05/09/2011
• Issued: 02/13/2018
• Est. Priority Date: 05/09/2011
• Status: Active Grant

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Grossman, Glenn M., Giordano, Joseph A.
• Primary Examiner(s): Brandenburg, William A
• Assistant Examiner(s): Busch, Christopher
• Application Number:
  US13/103,372
• Time in Patent Office: 2,472 Days
• CPC Class Codes: G06Q 30/0207 Discounts or incentives, e.g. coupons or rebates
• CPC Class Codes: G06Q 30/0225 Avoiding frauds

Abstract

Apparatus and methods for providing electronic coupons are provided. The apparatus and methods include a system that uses a plurality of coupon processors to pull coupon data from an electronic coupon platform upon the expiration of a predetermined time period. The apparatus and methods additionally include a system that uses an electronic coupon platform to pushes data to a plurality of coupon processors upon the expiration of a predetermined time period. The apparatus and methods also include a system that redeems electronic coupons by initiating a deposit of an amount of funds in a customer bank account at predetermined time intervals. The apparatus and methods further include an electronic coupon platform that sends an electronic notification to a plurality of coupon processors upon the receipt of data from a first coupon processor which relates to the receipt of customer payment card and/or loyalty card information.

Claims

1. Apparatus for redeeming an electronic coupon, the apparatus comprising an electronic coupon platform, the electronic coupon platform comprising:

a receiver module including hardware configured to receive data relating to the redemption of a plurality of electronic coupons by a customer, wherein the data includes an electronic coupon identifier associated with each of the plurality of electronic coupons;

a storage module including hardware configured to store the data relating to the redemption of the plurality of electronic coupons, the stored data being associated with the customer; and

a processor module including hardware configured to initiate a deposit of an amount of funds in a customer bank account associated with the customer at predetermined time intervals;

wherein;

each electronic coupon identifier is associated with a redemption value; and

the processor module is further configured to electronically calculate the amount of funds, the calculation including removing all duplications of electronic coupon identifiers included in the data and summing the redemption values associated with the remaining electronic coupon identifiers.

2. The apparatus of claim 1, wherein upon the completion of storage of the data relating to the redemption of an electronic coupon, the electronic coupon platform transmits data to a plurality of coupon processors relating to the redeemed status of the coupons associated with the electronic coupon identifiers.

3. The apparatus of claim 2, wherein upon receipt of the data from the electronic coupon platform, the coupon processors delete stored data associated with the customer that relates to the redeemed coupons.

4. The apparatus of claim 1, wherein upon completion of the deposit of the amount of funds in the customer bank account, the electronic coupon platform transmits an electronic notification to the customer, the electronic notification detailing the redeemed coupons and the corresponding amount of funds deposited in the customer bank account.