Prompt coupon reimbursement after coupon redemption
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
Dec 24, 2002
Grant Date -
N/A
app pub date -
Jul 26, 2000
filing date -
Jul 26, 2000
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
Method and apparatus for accurately collecting and promptly reporting information in connection with the redemption of manufacturer coupons are provided. The method includes the collection of information from a retailer point-of-sale system, and the examination of redeemed coupons. Where matches between product sales, discounts to consumers and redeemed coupons can be made, payment to the retailer of discounts extended to consumers in exchange for manufacturer authorized coupons is immediately made following such verification. In addition, information concerning the redemption of coupons is made available to manufacturers to enable them to adjust promotions to achieve the desired marketing effect. The apparatus of the present invention may comprise a central processing unit and attached peripherals capable of interfacing with a retailer point-of-sale system and downloading information from the point-of-sale system, together with secure storage for holding coupons that are to be verified by the apparatus.
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