System and method for providing a discount

US8005714B2 · kind B2 · utility

Inventors

• David Shaw · Boca Raton, US
• John T. Lavin · Ridgewood, US

Key dates

• Filing date: Mar 7, 2008
• Grant date: Aug 23, 2011
• Expiry date: Oct 12, 2029

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0283
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

In particular, systems and methods are provided for delivering a discount using a combination of virtual currency and partner-issued currency. Inventive systems and methods offer a high-perceived savings value to an end-user while maintaining the perception of product value. Further, systems and methods for providing a discount are described which impose little or no cost on the service or product provider. An embodiment of an inventive method includes presenting a display of a price paid by a consumer without access to the virtual currency along with a display of an amount payable by the end-user in actual currency in combination with an amount payable in a combination of virtual currency and partner-issued currency.