SYSTEM AND METHOD FOR REDEEMING COUPONS

• Main Authors: DUROUX CHRISTIAN R, DUROUX ALEXANDRE J
• Format: Patent
• Language: English
• Published: 08.12.2011
• 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 system and method for redeeming coupons including a base station providing a user redeemable coupon account for a user and a redeemable coupon feeding provider server coupled to the base station for delivering a redeemable coupon to the base station and into the account of the user. When the user presents a redeemable coupon for purchase of a product or service at a point of sale, such as a retailer, wholesaler or on-line merchant after verification by said base station that said coupon is associated with said retailer, wholesaler or on-line merchant and after verification by said retailer, wholesaler or on-line merchant that said coupon is associated with said purchase, the redeemed coupon is sent from said retailer, wholesaler or on-line merchant to the base station. Any suitable mobile-type payment, such as a debit or credit card, a Google wallet, a Visa Mobile payment, etc. may be used. The debit or credit card may be a prepaid card, a co-branded card, etc. The base station may be managed by an acquirer/processor or a financial institution and the system and method herein can be used with an on-line or brick and mortar retailer.