Transaction processing system
US11587104B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Dec 9, 2020 |
| Grant date | Feb 21, 2023 |
| Priority date | — |
| Expiry date | Dec 9, 2040 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/387
- WIPO fieldIT methods for management
- WIPO sectorElectrical 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.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.