Abstract: Systems and methods for managing the promotional offer industry offer, redemption, and settlement processes in ways that facilitate improvements in the reconciliation and settlement process, thereby facilitating rapid and accurate settlement. A method for facilitating rapid and accurate settlement includes steps of associating a unique bank card number with a promotional offer, transmitting the bank card number to a consumer computing device over an electronic communications network as a received promotional offer, whereby a consumer operating the consumer computing device is enabled to use the bank card number at a point of sale to redeem the received promotional offer, receiving an indication that the bank card number was used at the point of sale to redeem the received promotional offer, and allocating payment for redemption of the received promotional offer within one week of receipt of the indication that the bank card number was used at the point of sale.
Type:
Application
Filed:
July 5, 2019
Publication date:
January 7, 2021
Applicant:
SKUXCHANGE, LLC
Inventors:
James Sampey, Bobby Tinsley, Robert Zaccardo, Kenneth Douglas, Moshe Joshua
Abstract: Systems and methods for managing the promotional offer industry offer, redemption, and settlement processes address and minimize fraud, better inform the business offering the promotion of the results of the promotional offer program, and facilitate improvements in the settlement process after offer redemption. A method includes steps of receiving an indication of interest in the promotional offer, associating a one-time-use unique bank card number with the promotional offer, and transmitting the bank card number to the consumer computing device as an accepted promotional offer, whereby the consumer is enabled to use the bank card number at a point of sale to redeem the accepted promotional offer. The method also includes steps of receiving, over the communications network, an indication that the bank card number was used at the point of sale to redeem the accepted promotional offer and allocating payment for redemption of the promotional offer.
Type:
Application
Filed:
July 5, 2019
Publication date:
January 7, 2021
Applicant:
SKUXCHANGE, LLC
Inventors:
James Sampey, Bobby Tinsley, Robert Zaccardo, Kenneth Douglas, Moshe Joshua