SYSTEM AND METHOD FOR DYNAMICALLY CONTROLLING THE PRICING INFORMATION OF THE SELF-SERVICE TERMINAL

1 . A system for dynamically controlling pricing information associated with one or more products of a self-service terminal, the system comprising:

one or more processors;

a memory coupled to the one or more processors, wherein the memory stores programmed instructions to be executed by the one or more processors, the programmed instructions comprising instructions for

displaying, on an operator device, a planogram depicting a matrix of rows and columns accommodating a plurality of products associated with the self-service terminal, wherein an intersection of a row and a column indicates a cell accommodating a product of the plurality of products; and

enabling, via operator device or a remote server, an operator to dynamically set a price associated with an individual product within an individual cell of the matrix, wherein the price set for the said individual product is either same or different from one or more products within a same row or a same column, corresponding to said individual product, in the matrix.

2 . The system of claim 1 further comprising a repository for storing the price set for each of the plurality of products.

3 . The system of claim 2 , wherein the programmed instructions further comprises instructions for displaying, on one or more consumer devices, a list of products along with price set for each product in the list of products for enabling one or more consumers to select at least one product.

4 . The system of claim 1 , wherein the programmed instructions further comprises instructions for analyzing the dispense history of the one or more products through the self-service terminal to obtain updated inventory information and thereby generate an updated planogram thereof.

5 . The system of claim 1 , wherein the programmed instructions further comprises instructions for analysing demand of the one or more products, supply of the one or more products, shelf life of the one or more products, consumption pattern associated with the one or more products, consumer behaviour pattern, inventory information of the self-service terminal, and the location of the self-service terminal in order to calculate and suggest price of each product to the operator.

6 . The system of claim 4 , wherein the programmed instructions further comprises instructions for enabling the operator, via the operator device, to reset the price associated to the one or more products based upon the updated inventory information.

7 . A method for dynamically controlling pricing information associated with one or more products of a self-service terminal, the method comprising:

displaying, via one or more processor, a planogram on an operator device, depicting a matrix of rows and columns accommodating a plurality of products associated with the self-service terminal, wherein an intersection of a row and a column indicates a cell accommodating a product of the plurality of products; and

enabling, via one or more processor, an operator to dynamically set a price associated with an individual product within an individual cell of the matrix using the operator device or remote server, wherein the price set for the said individual product is either same or different from one or more products within a same row or a same column, corresponding to said individual product, in the matrix.

8 . The method of claim 7 , further comprising displaying on one or more consumer devices, a list of products along with price set for each product in the list of products for enabling one or more consumers to select at least one product.

9 . The method of claim 7 , further comprising analysing the dispense history of the one or more products through the self-service terminal to obtain updated inventory information and thereby generate an updated planogram thereof.

10 . The method of claim 7 , further comprising enabling the operator to reset the price associated to the one or more products based upon the updated inventory information.

11 . The method of claim 7 , further comprising analysing demand of the one or more products, supply of the one or more products, shelf life of the one or more products, consumption pattern associated with the one or more products, consumer behaviour pattern, inventory information of the self-service terminal, and the location of the self-service terminal in order to calculate and suggest price of each product to the operator.

12 . A non-transitory computer readable medium storing program for dynamically controlling pricing information associated with one or more products of a self-service terminal, the program comprising programmed instructions, the programmed instructions comprising instructions for:

displaying, on an operator device, a planogram depicting a matrix of rows and columns accommodating a plurality of products associated with the self-service terminal, wherein an intersection of a row and a column indicates a cell accommodating a product of the plurality of products; and

enabling, via operator device or a remote server, an operator to dynamically set a price associated with an individual product within an individual cell of the matrix, wherein the price set for the said individual product is either same or different from one or more products within a same row or a same column, corresponding to said individual product, in the matrix.