Transaction processing system

US10891641B2 · kind B2 · utility

Assignee

• Groupon, Inc. · US

Inventors

• Yishai Lerner · San Francisco, US
• Mihir Shah · San Francisco, US
• Gene Alston · Burlingame, US
• Ben Kim · Sunnyvale, US

Key dates

• Filing date: Jan 28, 2013
• Grant date: Jan 12, 2021
• Expiry date: Mar 25, 2034

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/387
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

The transaction processing system and method provide an efficient and effective way to authorize promotion redemption. The transaction processing system may receive an indication of a request for authorization, the indication comprising a merchant identifier, an account number, and a transaction amount. The transaction processing system may determine whether the request for authorization corresponds to a promotion. The system may further transmit a transaction authorization based on whether the request for authorization corresponds to the promotion. The transaction processing system may cause a promotion database to designate the promotion as redeemed. In this fashion, the transaction processing system improves the consumer experience and minimizes the transaction time needed to identify and redeem a promotion.