IP Library Granted Patent US 12,271,921
Granted Patent B2
US 12,271,921 · App. 17/567,489 · Granted Apr 8, 2025

System and method for trading and tracking digitized coupons

Inventor: Benjamin D. Smith (Billings, MT)
Assignee: NXTWAV LLC
G06Q30/0207
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Quick Facts
Patent No.
US 12,271,921
App. No.
17/567,489
Granted
Apr 8, 2025
Kind
B2
Abstract

A method of managing a plurality of unique digital coupons that can be transmitted to a plurality of known consumers, such that each of the plurality of known consumers is associated with a particular plurality of coupons that can be registered to, searched for, saved on, traded with, merged or “stacked” together, and divided or “split” apart; all on a single platform so that every interaction is recorded, analyzed, scored and reported on in such a way that advertisers can identify new previously unknown consumers and incentivize them to become future customers using their existing marketing campaign and distribution methods.

Claims (84)

1. A method, comprising:

providing a coupon trading platform operating on one or more cloud servers;

receiving, on the coupon trading platform, first coupon information for a first coupon, the first coupon information indicative of a unique first coupon identifier and a first coupon issuer, wherein a first user is known to the first coupon issuer, and wherein the first coupon identifier is transmittable to the first user;

receiving, on the coupon trading platform, an indication that the first coupon has been redeemed;

generating, in response to receiving the indication that the first coupon has been redeemed, a first notification indicative that the first user has become a customer;

transmitting the first notification via the coupon trading platform for receipt by the first coupon issuer;

receiving, on the coupon trading platform, second coupon information for a second coupon, the second coupon information indicative of a unique second coupon identifier and a second coupon issuer, wherein a second user is known to the second coupon issuer, and wherein the second coupon identifier is transmittable to the second user;

receiving, on the coupon trading platform, second registration information indicative of the second user registering the second coupon identifier;

receiving, on the coupon trading platform, third coupon information for a third coupon, the third coupon information indicative of a unique third coupon identifier and a third coupon issuer that is different from the second coupon issuer, wherein a third user is known to the third coupon issuer, and wherein the third coupon identifier is transmittable to the third user;

receiving, on the computing trading platform, a trade confirmation associated with the second coupon identifier and the third coupon identifier,

determining, in response to receiving the trade confirmation, that the second user is known to the third coupon issuer;

generating, in response to determining that the second user is known to the third coupon issuer;

a second notification indicative that a user known to the third coupon issuer has traded for a coupon associated with the third coupon issuer;

transmitting the second notification via the coupon trading platform for receipt by the third coupon issuer;

determining, in response to receiving the trade confirmation, that the third user is unknown to the second coupon issuer;

generating, in response to determining that the third user is unknown to the second coupon issuer; a third notification indicative that a user unknown to the second coupon issuer has traded for a coupon associated with the second coupon issuer; and

transmitting the third notification via the coupon trading platform for receipt by the second coupon issuer;

receiving, on the coupon trading platform, fourth coupon information for a fourth coupon, wherein the fourth coupon information is indicative of a unique fourth coupon identifier, a fourth coupon issuer, and a fourth coupon value;

receiving a request to divide the fourth coupon;

dividing the fourth coupon in response to receiving the request to divide the fourth coupon, wherein dividing the fourth coupon results in a plurality of child coupons derived from splitting the fourth coupon, wherein each of the plurality of child coupons has a respective unique child coupon identifier and a respective child coupon value; and wherein the sum of the respective child coupon values for the plurality of child coupons equals or is less than the fourth coupon value;

generating, in response to dividing the fourth coupon, a division notification indicative that the fourth coupon has been divided into the plurality of child coupons;

transmitting the division notification via the coupon trading platform for receipt by the fourth coupon issuer;

tracking usage of each of the plurality of child coupons based at least in part on the respective unique child coupon identifier;

generating a division summary, the division summary including information associated with the plurality of child coupons based at least in part on the tracked usage of each of the plurality of child coupons; and

transmitting the division summary via the coupon trading platform for receipt by the fourth coupon issuer.

2. The method of claim 1 , further comprising:

updating, in response to receiving the trade confirmation after receiving the second registration information, a second user preference score based at least in part on the third coupon issuer; and

updating, in response to receiving the trade confirmation after receiving the second registration information, a third user preference score based at least in part on the second coupon issuer.

3. The method of claim 1 , wherein dividing the fourth coupon includes:

determining that coupon dividing is permitted for the fourth coupon based at least in part on the unique fourth coupon identifier;

generating the plurality of child coupons based at least in part on the request to divide the fourth coupon; and

rendering the fourth coupon unredeemable.

4. The method of claim 1 , wherein each of the respective child coupon values of the plurality of child coupons are equal.

5. The method of claim 1 , wherein dividing the fourth coupon includes:

identifying a user associated with the fourth coupon based at least in part on the unique fourth coupon identifier; and

registering each unique child coupon identifier of the plurality of child coupons to the user.

6. The method of claim 1 , wherein a cumulative value of the plurality of child coupons equals the fourth coupon value less a division fee.

7. The method of claim 1 , further comprising:

determining a first market value associated with the first coupon based on i) a face value of the first coupon; ii) a number of times the first coupon has been traded; iii) a face value of each coupon traded for the first coupon; iv) a type of coupon traded for the first coupon; v) information associated with any consumer previously associated with the first coupon; or vi) any combination of i-v;

wherein the first notification is indicative of the first market value associated with the first coupon.

8. The method of claim 1 , further comprising determining a second market value associated with the second coupon based at least in part on the third coupon information, wherein the second notification is indicative of the second market value associated with the second coupon.

9. A system, comprising:

a memory storing machine readable instructions and a database, the database including information associated with (i) a plurality of coupons, (ii) a plurality of unique identifiers, each of the plurality of unique identifiers being associated with a corresponding one of a plurality of known consumers; and

a control system including one or more processors, the control system being configured to execute the machine readable instructions to perform operations including:

providing a coupon trading platform operating on one or more cloud servers;

receiving, on the coupon trading platform, first coupon information for a first coupon of the plurality of coupons, the first coupon information indicative of a unique first coupon identifier and a first coupon issuer, wherein a first user is known to the first coupon issuer, and wherein the first coupon identifier is transmittable to the first user;

receiving, on the coupon trading platform, an indication that the first coupon has been redeemed;

generating, in response to receiving the indication that the first coupon has been redeemed, a first notification indicative that the first user has become a customer;

transmitting the first notification via the coupon trading platform for receipt by the first coupon issuer;

receiving, on the coupon trading platform, second coupon information for a second coupon of the plurality of coupons, the second coupon information indicative of a unique second coupon identifier and a second coupon issuer, wherein a second user is known to the second coupon issuer, and wherein the second coupon identifier is transmittable to the second user;

receiving, on the coupon trading platform, second registration information indicative of the second user registering the second coupon identifier;

receiving, on the coupon trading platform, third coupon information for a third coupon of the plurality of coupons, the third coupon information indicative of a unique third coupon identifier and a third coupon issuer that is different from the second coupon issuer, wherein a third user is known to the third coupon issuer, and wherein the third coupon identifier is transmittable to the third user;

receiving, on the computing trading platform, a trade confirmation associated with the second coupon identifier and the third coupon identifier,

determining, in response to receiving the trade confirmation, that the second user is known to the third coupon issuer,

generating, in response to determining that the second user is known to the third coupon issuer;

a second notification indicative that a user known to the third coupon issuer has traded for a coupon associated with the third coupon issuer;

transmitting the second notification via the coupon trading platform for receipt by the third coupon issuer;

determining, in response to receiving the trade confirmation, that the third user is unknown to the second coupon issuer;

generating, in response to determining that the third user is unknown to the second coupon issuer; a third notification indicative that a user unknown to the second coupon issuer has traded for a coupon associated with the second coupon issuer;

transmitting the third notification via the coupon trading platform for receipt by the second coupon issuer;

receiving, on the coupon trading platform, fourth coupon information for a fourth coupon of the plurality of coupons, wherein the fourth coupon information is indicative of a unique fourth coupon identifier, a fourth coupon issuer, and a fourth coupon value;

receiving a request to divide the fourth coupon;

dividing the fourth coupon in response to receiving the request to divide the fourth coupon, wherein dividing the fourth coupon results in a plurality of child coupons derived from splitting the fourth coupon, wherein each of the plurality of child coupons has a respective unique child coupon identifier and a respective child coupon value; and wherein the sum of the respective child coupon values for the plurality of child coupons equals or is less than the fourth coupon value;

generating, in response to dividing the fourth coupon, a division notification indicative that the fourth coupon has been divided into the plurality of child coupons;

transmitting the division notification via the coupon trading platform for receipt by the fourth coupon issuer;

tracking usage of each of the plurality of child coupons based at least in part on the respective unique child coupon identifier;

generating a division summary, the division summary including information associated with the plurality of child coupons based at least in part on the tracked usage of each of the plurality of child coupons; and

transmitting the division summary via the coupon trading platform for receipt by the fourth coupon issuer.

10. The system of claim 9 , further comprising:

updating, in response to receiving the trade confirmation after receiving the second registration information, a second user preference score based at least in part on the third coupon issuer; and

updating, in response to receiving the trade confirmation after receiving the second registration information, a third user preference score based at least in part on the second coupon issuer.

11. The system of claim 9 , wherein dividing the fourth coupon includes:

determining that coupon dividing is permitted for the fourth coupon based at least in part on the unique fourth coupon identifier;

generating the plurality of child coupons based at least in part on the request to divide the fourth coupon; and

rendering the fourth coupon unredeemable.

12. The system of claim 9 , wherein each of the respective child coupon values of the plurality of child coupons are equal.

13. The system of claim 9 , wherein dividing the fourth coupon includes:

identifying a user associated with the fourth coupon based at least in part on the unique fourth coupon identifier; and

registering each unique child coupon identifier of the plurality of child coupons to the user.

14. The system of claim 9 , wherein a cumulative value of the plurality of child coupons equals the fourth coupon value less a division fee.

15. The system of claim 9 , further comprising:

determining a first market value associated with the first coupon based on i) a face value of the first coupon; ii) a number of times the first coupon has been traded; iii) a face value of each coupon traded for the first coupon; iv) a type of coupon traded for the first coupon; v) information associated with any consumer previously associated with the first coupon; or vi) any combination of i-v;

wherein the first notification is indicative of the first market value associated with the first coupon.

16. The system of claim 9 , further comprising determining a second market value associated with the second coupon based at least in part on the third coupon information, wherein the second notification is indicative of the second market value associated with the second coupon.

Assignments (1)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Feb 7, 2025
From: SMITH, BENJAMIN D.
To: NXTWAV LLC
Reel/Frame 070147/0545 →
Continuity (3)
Continuation In Part 16850732 · Apr 16, 2020
Provisional Application 62835579 · Apr 18, 2019
Related Publication 20220122107A1 · Apr 21, 2022
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