System and method for managing merchant-consumer interactions

US11270301B2 · kind B2 · utility

Assignee

• ModoPayments, LLC · US

Inventors

• Gregory W. Harvey · Marion, US
• Samuel N. Brown · Dallas, US
• David S. Sink · Dallas, US
• Aaron Wilkinson · Albany, US
• Michael Menefee · Richardson, US
• Mark S. Saum · Plano, US
• Colm Bergin · Dallas, US
• Bruce Parker · Valencia, US
• Ralf Schulz · Speyer, DE
• Jon Buell · Dallas, US
• Jason Fisher · New York, US

Key dates

• Filing date: Jun 9, 2014
• Grant date: Mar 8, 2022
• Expiry date: Jun 28, 2034

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system for combining a payment mechanism with an offer to a consumer is described. The system includes a virtual payment account number generation engine to generate virtual payment account numbers that can be used by a consumer in a payment transaction at a merchant, the virtual payment account number generation service also operable to take a portion of the virtual payment account number and send it as a checkout code to a consumer using the consumer's mobile device, and an offer generation engine used to set rules for an offer to be sent to consumers, create a fund for the offer, and determine individual consumer's eligibility for the offer. The offer is associated with the checkout code such that the offer is processed as part of the payment during the payment transaction using the virtual payment account number.