Management of an offer for a financial incentive

a technology for financial incentives and offers, applied in the field of management of financial incentives, can solve problems such as time-limited offers, customers abandoning purchases, and delay in the check-out process

Inactive Publication Date: 2012-11-22
DST SYSTEMS
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

The present technology describes different ways to make things happen with certain features. It can only work if there are some specialized parts they're supposedly working on. However, these modifications could also affect how well their effectiveness works over time.

Problems solved by technology

The technical problem addressed in this patented text relating to improving financing systems that use coupon offers (representatives) has been how to manage and track fines made through credit cards without affecting their own issuer's business model or customer base. This can help reduce costs and improve profitability during transactions between buyers and sellers.

Method used

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  • Management of an offer for a financial incentive
  • Management of an offer for a financial incentive
  • Management of an offer for a financial incentive

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Embodiment Construction

[0007]The disclosed embodiments relate to management of an offer for a financial incentive offered by a merchant, manufacturer, retailer or other offeror and, in particular, to a system and method for managing redemption of the offer by a particular user / consumer which eliminates the need for a redemption entity to capture a user-unique redemption code or otherwise report redemption in order to track and control the user's redemption of the offer. Instead, as will be described in detail below, the user's revelation of the redemption code, via a device associated with the user, may be considered a redemption of the financial incentive by the user regardless of whether the user actually receives the incentive. In particular, offers for financial incentives may be provided in an electronic form to a user, via a device associated with the user, such as the user's personal computer or mobile device, from an offer server, such as via a wired and / or wireless network. The offer includes a

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Abstract

Management of an offer for a financial incentive offered by an offeror and, in particular, management of redemption of the offer by a particular user which eliminates the need for a redemption entity to capture a user-unique redemption code or otherwise report redemption in order to track and control the user's redemption of the offer is disclosed. Instead, the user's revelation of the redemption code, via a device associated with the user, may be considered a redemption of the financial incentive by the user regardless of whether the user actually receives the incentive. In particular, offers for financial incentives may be provided in an electronic form to a user, via a device associated with the user, such as the user's personal computer or mobile device, from an offer server, such as via a wired and/or wireless network. The offer includes a redemption code which must be exchanged/presented to the redemption entity, e.g. a merchant or retailer, to obtain the financial incentive. Upon delivery of the offer to the user's device, the redemption code is concealed from the user by the device such that user must take some subsequent action to reveal it, ideally in the presence of the redemption entity or otherwise substantially contemporaneously with the purchase. The revelation, or the attempt thereto, of the redemption indicia may cause the offer to be considered redeemed by the offer server and prevent a subsequent redemption. Upon presentment of the redemption code, the redemption entity provides the requisite financial incentive.

Description

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Claims

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Application Information

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Owner DST SYSTEMS
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