Method and system for preventing violations in the process of exchanging interest

Abstract

A method for determining the validity of a concession exchange, comprising: storing at least one scoring algorithm in an algorithm database, each scoring algorithm associated with a concession identifier; storing consumer files in a consumer database, each file including Consumer identification and evaluation data; receive transaction information for a financial transaction that includes a consumer identifier, a concession identifier, and a redeemed concession; determine a specific consumer profile, where the consumer identification corresponds to the consumer identifier; determine A specific scoring algorithm, in which the concession identifier corresponds to the concession identifier; based on the concession of the exchange and the application of a specific scoring algorithm to the evaluation data of a specific file to determine the exchange effectiveness score; and to the entity associated with the concession identifier Send the determined redemption validity score.

Description

[0001] field of invention [0002] The present disclosure relates to preventing violations of concession terms and conditions during a concession exchange process, and in particular, to utilizing a scoring algorithm and consumer files to identify violations during a concession exchange process by a consumer. Background technique [0003] In order to increase business income and obtain repeat customers, many merchants and manufacturers will issue coupons, promotions, discounts, discounts, etc. (“discounts”) to consumers. These profit distributions save consumers’ expenses, and at the same time bring additional operating income to merchants and manufacturers due to purchasing behaviors. Bring in further business income. The success of many concession schemes has resulted in the addition of different types and varieties of concessions distributed to consumers and the creation of third-party concession providers who distribute concessions to consumers on behalf of many other merc...

AI Technical Summary

Problems solved by technology

[0004] However, as the number of concessions and the frequency of conversion of concessions increases, the rate of improper conversion of concessions that violate the terms and conditions of the misconverted concessions also increases

Such improper exchange can result in the loss of business income of the concession provider and, in the case of the concession provider being the manufacturer of the product, can also adversely affect the merchant since the product was purchased with an improper concession via the merchant

Common existing systems for processing yield redemptions are also often inadequately configured or configured so that violations in the redemption yield process are not identified until a corresponding financial transaction has occurred

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