Method and apparatus for payment, return on investment, and impact reporting

US10558991B2 · kind B2 · utility

Assignee

• Groupon, Inc. · US

Inventors

• Shafiq Shariff · Chicago, US
• Derek Nordquist · Chicago, US
• Michael Hines · Chicago, US
• Mike Aparicio · Oak Park, US
• Todd Webb · Wheaton, US
• Jadam Kahn · Chicago, US
• Raju Balakrishnan · Santa Clara, US
• Natalia Corominas · New York, US
• Adam Geitgey · Chicago, US
• Latife Genc-Kaya · Santa Clara, US
• Amit Koren · Chicago, US
• Kamson Lai · Palo Alto, US
• Francisco Larrain · Palo Alto, US
• Gaston L'Huillier · Cambridge, US
• Cristian Orellana · Chicago, US

Key dates

• Filing date: Aug 13, 2013
• Grant date: Feb 11, 2020
• Expiry date: May 29, 2035

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0247
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

The unified payment system, product and method provide an effective and efficient way to better communicate to a merchant the value of running a promotion and determine a deal structure that works for the merchant, the customer, the promotion system, or any combination thereof. The unified payment system, product and method provide real-time ROI calculations that a merchant and sales representative can collaboratively simultaneously work on to identify a deal structure for the merchant to select. In this way, the merchant and sales representative may arrive at a mutually acceptable payment plan.