Method and apparatus for selling subscriptions to periodicals in a retail environment
View Patent ↗A system comprises a point-of-sale (POS) terminal, a POS controller, a retail subscription system. The POS terminal allows a cashier to enter subscription sales data into the POS controller. The POS controller maintains databases on available subscriptions and produces databases containing data relating to subscriptions sold to customers. The retail subscription system verifies the subscriptions by reference to its own databases and transmits the subscriptions to a fulfillment house for distribution.
1. A method, comprising:
receiving, via an input device of a point of sale terminal, an indication of a payment amount and subscription information received from a customer at the point of sale terminal, wherein the payment amount is based on a subscription price for a periodical selected by the customer;
authorizing, by a processor of a computing device, payment to a wholesaler of a fee for a single issue of the periodical;
storing, by the processor of the computing device, an indication of a percentage of the payment amount retained; and
providing, by a processor of the computing device, the subscription information and a balance of the payment amount to a retail subscription system to establish the subscription to the periodical.
2. The method of claim 1 , further comprising
authorizing, by the computing device, a portion of the balance of the payment amount to be provided to a fulfillment house to provide periodicals according to the subscription.
3. The method of claim 1 , in which the processor of the computing device comprises a processor of the point of sale terminal.
4. A non-transitory computer readable medium storing instructions configured to direct a processor to:
receive an indication of a payment amount and subscription information from a customer at a point of sale terminal, wherein the payment amount is based on a subscription price for a periodical selected by the customer;
authorize payment of a fee for a single issue of the periodical to a wholesaler;
store an indication of a percentage of the payment amount retained; and
provide the subscription information and a balance of the payment amount to a retail subscription system to establish the subscription to the periodical.
5. The computer readable medium of claim 4 , in which the instructions for providing the subscription information and the balance of the payment amount comprise instructions configured to direct the processor to instruct the subscription system to provide a portion of the balance of the payment amount to a fulfillment house.
6. An apparatus, comprising:
a processor;
a communication device coupled to the processor; and
a data storage device operatively coupled to the processor and containing instructions configured to direct the processor to:
receive an indication of a payment amount and subscription information from a customer at a point of sale terminal desiring to establish a subscription to a periodical, wherein the payment amount is based on a subscription price;
authorize payment of a fee for a single issue of the periodical to a wholesaler;
store an indication of a percentage of the payment amount retained; and
provide the subscription information and a balance of the payment amount to a retail subscription system to establish the subscription to the periodical.
7. The apparatus of claim 6 , further comprising at least one of an input device, a display device, a printer, and a clock coupled to the processor.
8. The apparatus of claim 6 , wherein the data storage device further comprises at least one database.
9. The apparatus of claim 8 , wherein the at least one database comprises at least one of a product category database, a product class database, a product feature database, a product database, a seller database, a retailer database, an offer database, a supplemental offer database, an accepted offer database, and a settlement price database.