Method and system for facilitating a purchase agreement
US7258273B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Jun 16, 2005 |
| Grant date | Aug 21, 2007 |
| Priority date | — |
| Expiry date | Oct 18, 2025 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/28
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The method of the present invention changes the present day “value for value” methodology, system and process for the purchase of Stored Value Card purchases to a “value for greater value” or “value for greater perceived value” methodology, system and process by bundling the actual Stored Value Card product with coupons that would convey a value. The bundling of coupons, vouchers, and etc., with the Stored Value Card allows merchants to charge or allocate a certain fee for the coupon/voucher aspect of the Stored Value Card sale. This in turn allows merchants to transact and/or report and/or account for the sale of Stored Value Cards in a manner that avoids escheatment.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.