SYSTEM AND METHOD FOR REAL-TIME DISCOUNTS AT POINT OF SALE

• Main Authors: GUINEY, CHRISTOPHER ANDREW, YATES, LISA, GILMAN, ANDREA CHRISTINE
• Format: Patent
• Language: English; French; German
• Published: 29.07.2015
• Subjects: CALCULATING; COMPUTING; COUNTING; DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES; PHYSICS; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR

A method for processing a real-time discount at a point of sale includes: storing, in a database, a plurality of deals, each deal including a consumer identification and a transaction modifier; receiving an authorization request for a financial transaction, the authorization request including a consumer identifier and a transaction amount; verifying enrollment in a discount service of a consumer associated with the consumer identifier; identifying, in the database, at least one deal of the plurality of deals where the included consumer identification corresponds to the consumer identifier; calculating a new transaction amount based on the transaction amount and the transaction modifier included in the at least one deal; and transmitting, by a transmitting device, an authorization response for the financial transaction, wherein the authorization response is for the new transaction amount and is indicated as being a final authorization rather than a partial authorization.