Systems, methods, and apparatuses for tender steering

Active Publication Date: 2016-11-10
OBSIDIAN NETWORK INC
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

[0005]Briefly described, and according to one embodiment, aspects of the present disclosure generally relate to systems, methods, and apparatuses for activating new payment and rewards tools, by utilizing customers' preexisting favored payment/rewards programs, such as a Visa® or MasterCard® payment card. By initially pairing the new system and a piece of customer contact information with customers' existing cards and programs, customers may begin using new payment methods to immediately benefit from the new payment and loyalty incentives immediately after the initial activation transaction. After a predetermined threshold suc

Problems solved by technology

Though many merchants are interested and motivated to get their customers to switch to a specific payment method, the process of getting a customer to register a new payment card or loyalty program at the POS is often difficult, slow, and even impossible if customers do not have all the necessary informat

Method used

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  • Systems, methods, and apparatuses for tender steering
  • Systems, methods, and apparatuses for tender steering
  • Systems, methods, and apparatuses for tender steering

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Embodiment Construction

[0019]For the purpose of promoting an understanding of the principles of the present disclosure, reference will now be made to the embodiments illustrated in the drawings and specific language will be used to describe the same. It will, nevertheless, be understood that no limitation of the scope of the disclosure is thereby intended; any alterations and further modifications of the described or illustrated embodiments, and any further applications of the principles of the disclosure as illustrated therein are contemplated as would normally occur to one skilled in the art to which the disclosure relates. All limitations of scope should be determined in accordance with and as expressed in the claims.

[0020]Aspects of the present disclosure generally relate to systems, methods, and apparatuses for the registration of new payment tools, reward program identification, and other customer registration at a Point-of-Sale (POS), based on consumer's existing accounts, for the purposes of payment,

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Abstract

A system and methods for the registration of new payment tool processing, reward program identification and other customer registration at the Point-of-Sale (POS), based on electronically linking consumers existing accounts for the purposes of payment, rewards, loyalty, marketing, discounts and or identification of a consumer. The new payment system or rewards program may be delivered through a new card, a mobile program, a wearable product, or any other potential device for collecting communicating or transmitting information used for the aforementioned purposes including running a new program.

Description

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Claims

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Application Information

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Owner OBSIDIAN NETWORK INC
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