Electronic paper coupon processing system

Details Electronic paper coupon processing system Electronic paper coupon processing system

G - Physics

06

Q

G06Q 30/02 (2012.01) H04L 12/16 (2006.01) G06K 9/18 (2006.01)

Patent

CA 2364734

A paper coupon processing system involves accessing transaction information generated during a product purchase in which a paper coupon was redeemed by the product seller. The transaction information is preferably analyzed only after the transaction has been completed. The coupon identifier associated with the paper coupon is matched with a list of validating product identifiers. The list includes one or more validating product identifiers that validate redemption of the coupon. The transaction information and the validating product identifier list are compared to determine whether any of the product identifiers for the purchased products correspond with one of the validating product identifiers. Such correspondence verifies that the product necessary to validate redemption of the coupon was purchased, and the coupon issuer is notified, preferably by an EDI report along with ACH data, that the seller validly redeemed the coupon. A reimbursement payment, preferably in the form of a wire transfer, is then made to the seller.

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