Promotion Processing System Multi-Transaction Redemption
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Solution Overview
Problem
Conventional systems for offering and processing promotions are inefficient, as they often restrict redemption over multiple transactions, leading to consumer dissatisfaction and reduced sales, and lack the ability to efficiently process payments and combine promotion values.
Innovation Solution
A method and system that allow promotions to be redeemed over multiple transactions, enabling consumers to purchase offerings from multiple merchants using a single promotion, and allowing electronic payment processing, which reduces the burden on merchant devices and integrates with mobile devices for seamless redemption and payment handling.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If promotions are restricted to single-transaction redemption, then processing complexity is reduced, but consumer satisfaction and sales are decreased
Solution Approach 1:
The patent introduces a centralized promotion processing service that acts as an intermediary between consumers and merchants. This service handles the complex logic of multi-transaction redemption, including tracking remaining promotion values, validating transaction eligibility, and managing state across multiple purchases. By centralizing this functionality, the patent enables flexible multi-transaction redemption without burdening individual merchant devices with complex processing logic.
2Adaptability or versatility
If promotion values cannot be combined, then system complexity is reduced, but consumer satisfaction and promotion utility are decreased
Solution Approach 1:
The patent implements a universal promotion processing framework that can handle multiple types of promotions and their combinations through a single centralized service. This service provides multi-functional capabilities including tracking, validation, state management, and combination logic for various promotion types. By creating this universal system, the patent enables flexible promotion combining across different merchants and promotion types without requiring separate processing logic for each case.
3Productivity
If merchants handle payment processing locally, then transaction speed is maintained, but merchant device burden increases
Solution Approach 1:
The patent extracts the complex promotion processing and payment coordination functions from merchant devices and relocates them to a centralized promotion processing service. Merchant devices retain only simple functions such as initiating transactions and receiving confirmations. The centralized service handles the computationally intensive tasks of validating promotion eligibility, calculating remaining values, coordinating payments, and managing redemption state. This extraction maintains transaction efficiency while significantly reducing the processing burden on merchant devices.
Data Source
AI summary
Embodiments of the present invention provide methods, systems, apparatuses, and computer program products for classifying merchants. In one embodiment a method is provided comprising providing, a first promotion specifying a redemption and a charge monetary values, the redemption monetary value being specified by redemption parameters of the first promotion and a value indicative of a total amount of funds purchased in response to accepting an instance of the first promotion, wherein the funds purchased can be redeemed for offerings of one or more merchants specified by the promotion, the charge monetary value being a monetary value charged for accepting the first promotion, and providing a first classification classifying the first promotion as a promotion having a redemption monetary value that may be used to purchase offerings of the one or more merchants over the course of multiple transactions.