Method and system for negotiating discount offer and generating discount coupons over a network

US10713741B1 · kind B1 · utility

Inventor

• Ashwin Ambekar · San Jose, US

Key dates

• Filing date: Jun 5, 2015
• Grant date: Jul 14, 2020
• Expiry date: Apr 12, 2036

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q50/01
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method and system for negotiating discount offers and generating discount coupons over a network. The method includes establishing an offer channel for secure communication between one or more users and a plurality of businesses over a network. The method also includes permitting the businesses to publish offers. Further, the method includes issuing a private identity and a public identity to the users of the channel, wherein the private identity is a unique and secure identifier to the user profile and the public identity is a public locator to the users profile as a short Uniform Resource Locator. Furthermore, the method includes allowing the users to interact and negotiate with the businesses for a suitable coupon offer. Moreover, the method includes transmitting the offer and offer entitlement corresponding to the public identity of the user, redemption center and to the business. The method also includes permitting the users to avail the coupon by providing the public identity at the redemption center thereby providing a better experience to the user.