Method and system for facilitating a purchase agreement
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United States of America Patent
Stats
-
Aug 21, 2007
Grant Date -
Dec 22, 2005
app pub date -
Jun 16, 2005
filing date -
Jun 16, 2004
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
The method of the present invention changes the present day 'value for value' methodology, system and process for the purchase of Stored Value Card purchases to a 'value for greater value' or 'value for greater perceived value' methodology, system and process by bundling the actual Stored Value Card product with coupons that would convey a value. The bundling of coupons, vouchers, and etc., with the Stored Value Card allows merchants to charge or allocate a certain fee for the coupon/voucher aspect of the Stored Value Card sale. This in turn allows merchants to transact and/or report and/or account for the sale of Stored Value Cards in a manner that avoids escheatment.
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