Multi-application smart card device software solution integrating sales tax, payment and discount rewards
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United States of America Patent
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N/A
Issued Date -
Jan 29, 2004
app pub date -
Feb 11, 2003
filing date -
Jul 26, 2002
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A system for facilitating application of discount and calculation of tax in connection with the discount is disclosed. The system includes a point-of-sale device having a discount control application. The discount control application is configured to calculate and apply the appropriate discount and calculate the appropriate tax for a transaction in accordance with the relevant tax laws where the transaction is to be conducted. Depending on the specific situation, the discount control application is capable of calculating and applying the appropriate discount in a pre-tax or post-tax manner and calculating a revised tax for the transaction, where appropriate.
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