System and method for providing a discount

US8239260B2 · kind B2 · utility

Assignee

• Destination Rewards, Inc. · US

Inventors

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

Key dates

• Filing date: Apr 12, 2011
• Grant date: Aug 7, 2012
• Expiry date: Apr 12, 2031

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0241
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

In particular, systems and methods are provided for delivering a discount using a virtual 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 virtual currency by an end-user of an inventive system. The end-user perceives a benefit to using the virtual currency since the price paid in actual currency is less than the displayed price to be paid by a consumer without access to the virtual currency.