System and method for value creation
View Patent ↗There is disclosed a system and method for creating value by facilitating third party participation in mobile commerce transactions, providing consumers with a unified perspective of commercial activity, and selectively implementing discounts. The system may include a computerized engine and a point of sale wallet, which may be embedded in a personal trusted device. The computerized engine may be programmed to selectively implement a discount associated with a particular transaction. The personal trusted device may comprise a wireless communications technology, which enables the device to communicate with a back-end system and/or other point of sale devices. The personal trusted device may serve as the nexus of consumer transactions by facilitating payment as well as receipt and storage of electronic receipts. The personal trusted device may also be configured to transmit electronic receipts via the communications technology.
1. A computerized system for processing consumer transactions comprising:
(a) a personal trusted device comprising:
(1) a computerized engine;
(2) a point of sale wallet comprising at least one transaction payment method; and
(3) a communications technology; and
(b) a back-end processing system;
wherein said computerized engine is configured to receive and store an electronic receipt for at least one mobile commerce transaction; said computerized engine transmits electronic receipts to said back-end processing system through said communications technology; and said computerized engine is programmed to selectively implement a cross-device discount crossing the personal trusted device and a second personal trusted device and associated with said mobile commerce transaction in real-time.
2. A system as claimed in claim 1 , wherein said at least one transaction payment method is selected from a stored value account.
3. A computerized system for processing consumer transactions comprising:
a) a personal trusted device comprising:
(1) a computerized engine;
(2) a point of sale wallet comprising at least one transaction payment method; and
(3) a communications technology; and
(b) a back-end processing system;
wherein said computerized engine is configured to receive and store an electronic receipt for at least one mobile commerce transaction; said computerized engine transmits electronic receipts to said back-end processing system through said communications technology; and said computerized engine is programmed to selectively implement a cross-device discount crossing the personal trusted device and a second personal trusted device and associated with said mobile commerce transaction in near real time.
4. A system as claimed in claim 3 , wherein said at least one transaction payment method is selected from a stored value account.
5. A computerized system for processing consumer transactions comprising:
(a) a personal trusted device comprising:
(1) a computerized engine;
(2) a point of sale wallet comprising at least one transaction payment method; and
(3) a communications technology; and
(b) a back-end processing system;
wherein said computerized engine is configured to receive and store an electronic receipt for at least one mobile commerce transaction; said computerized engine transmits electronic receipts to said back-end processing system through said communications technology; and said computerized engine is programmed to selectively implement computer-executable instructions defining a cross-device discount crossing the personal trusted device and a second personal trusted device and associated with said mobile commerce transaction.
6. A computerized system for processing consumer transactions as claimed in claim 5 wherein said computer-executable instructions defining said cross-device discount are pre-programmed.
7. A computerized system for processing consumer transactions as claimed in claim 5 wherein said computer-executable instructions defining said cross-device discount are contemporaneously generated when processing said mobile commerce transaction.
8. A computerized system for processing consumer transactions as claimed in claim 5 wherein said computer-executable instructions defining a cross-device discount associated with said mobile commerce transaction are activated upon a purchase of a set of two items comprising a first item and a second item.
9. A computerized system for processing consumer transactions as claimed in claim 6 wherein said set of two items is predefined.
10. A computerized system for processing consumer transactions as claimed in claim 8 wherein said purchase of said second item is not contemporaneous with said purchase of said first item.
11. A computerized system for processing consumer transactions as claimed in claim 10 wherein said purchase of said second item occurs on the second personal trusted device in communication with said back-end processing system.
12. A system as claimed in claim 5 , wherein said at least one transaction payment method is selected from a stored value account credit card, a debit card, a retailer loyalty card, a prepaid card, a carrier payment instrument, and combinations thereof.
13. A computerized system for processing consumer transactions comprising:
(a) at least two personal trusted devices each comprising:
(1) a computerized engine;
(2) a point of sale wallet comprising at least one transaction payment method; and
(3) a communications technology; and
(b) a back-end processing system;
wherein said computerized engines are configured to receive and store an electronic receipt for at least one mobile commerce transaction each; said computerized engines transmit each of said electronic receipts to said back-end processing system through said communications technology; and said computerized engines are programmed to selectively implement computer-executable instructions defining a cross-device discount crossing the at least two personal trusted devices and associated with said mobile commerce transaction wherein said cross-device discount is activated upon a purchase of a set of two items comprising a first item and a second item wherein said purchase of said first item occurs on a first personal trusted device, from said at least two personal trusted devices, in communication with said back-end processing system and said purchase of said second item occurs on a second personal trusted device, from said at least two personal trusted devices, in communication with said back-end processing system.
14. A system as claimed in claim 13 , wherein said computerized engine is configured to selectively implement said cross-device discount based on a trusted relationship.
15. A system as claimed in claim 14 , wherein said computerized engine is configured to selectively implement said cross-device discount based on a joint marketing plan.
16. A system as claimed in claim 15 , wherein said trusted relationship is between a supplier of services for consumer devices and at least one retailer.
17. A system as claimed in claim 15 , wherein said trusted relationship is between a third party and at least one retailer.
18. A system as claimed in claim 14 , wherein said trusted relationship is between a supplier of services for consumer devices and at least one retailer.
19. A system as claimed in claim 14 , wherein said trusted relationship is between a third party and at least one retailer.
20. A system as claimed in claim 13 , wherein said computerized system is configured to apply said cross-device discount on all of a user's personal trusted devices; or all of a corporation's personal trusted devices; or all of a group of entities' personal trusted devices, and wherein said computerized system is configured to allow a user to set a global mobile commerce purchase limit across all of a user's personal trusted devices, all of a corporation's personal trusted devices, or all of a group of entities' personal trusted devices.
21. A system for processing consumer transactions as claimed in claim 13 wherein said set of two items is predefined.
22. A computerized system for processing consumer transactions comprising:
(a) at least two personal trusted devices each comprising:
(1) a computerized engine;
(2) a point of sale wallet comprising at least one transaction payment method; and
(3) a communications technology; and
(b) a back-end processing system;
wherein said computerized engines are configured to receive and store an electronic receipt for at least one mobile commerce transaction; said computerized engines transmit electronic receipts to said back-end processing system through said communications technology; and said computerized engines are programmed to selectively enforce a global mobile commerce purchase limit across all of a user's personal trusted devices, based on communication with the back-end processing system.
23. A computerized system for processing consumer transactions comprising:
(a) a personal trusted device comprising:
(1) a computerized engine; and
(2) a point of sale wallet comprising at least one transaction payment method; and
(b) a point of sale device;
wherein said computerized engine is configured to:
receive and store an electronic receipt for at least one mobile commerce transaction; provide a user with a set of proactive information, the set of proactive information comprising at least one element taken from the list consisting of:
a current promotion associated with the transaction payment method;
an upcoming promotion associated with the transaction payment method;
a relationship between the transaction payment method and a vendor;
a current promotion associated with the vendor; and
an upcoming promotion associated with the vendor;
and
selectively implement a discount associated with said mobile commerce transaction based on a trusted relationship between two vendors.
24. A computerized system for processing consumer transactions comprising:
a) a personal trusted device comprising:
(1) a computerized engine;
(2) a point of sale wallet comprising at least one transaction payment method; and
(3) a communications technology; and
(b) a back-end processing system;
wherein said computerized engine is configured to receive and store an electronic receipt for at least one mobile commerce transaction; said computerized engine transmits electronic receipts to said back-end processing system through said communications technology; and said computerized engine is programmed to selectively implement a cross-device discount crossing the personal trusted device and a second personal trusted device and associated with said mobile commerce transaction after the transaction.