System and method for a targeted payment system discount program

US6332126A · kind A · utility

Assignee

• FIRST DATA CORPORATION · US

Inventors

• Roger L. Peirce · Los Altos, US
• Bruce Rhoads · Wheaton, US
• John Duncan · Kendall, US
• Scott J. Loftesness · Menlo Park, US
• Kurt W. Johnson · Tempe, US
• Mary K. Dobbs · San Francisco, US
• Dan Mayes · Bartlett, US

Key dates

• Filing date: Aug 1, 1996
• Grant date: Dec 18, 2001
• Expiry date: Aug 1, 2016

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0239
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system and method for operating a computer based targeted payment system discount program. Consumer information from consumer payment system institutions is used to match qualified consumers to targeted merchant discount offers. Offers are automatically prioritized based on their expected value to consumers and consumers receive the highest priority offers for which they qualify. The default prioritization can be altered or overridden by the consumer's payment systems institution. Discounts are automatically applied during the processing of the qualifying purchase without the need for coupons or additional actions by either the merchant or consumer.