Method and system for facilitating a purchase agreement

Registers – Systems controlled by data bearing records – Credit or identification card systems

Reexamination Certificate

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Reexamination Certificate

active

11154355

ABSTRACT:
The method of the present invention changes the present day “value for value” methodology, system and process for the purchase of Stored Value Card purchases to a “value for greater value” or “value for greater perceived value” methodology, system and process by bundling the actual Stored Value Card product with coupons that would convey a value. The bundling of coupons, vouchers, and etc., with the Stored Value Card allows merchants to charge or allocate a certain fee for the coupon/voucher aspect of the Stored Value Card sale. This in turn allows merchants to transact and/or report and/or account for the sale of Stored Value Cards in a manner that avoids escheatment.

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Incentive Federation, State Escheat Laws as Applied to Gift Certificates, “The Legal Wrangling of Gift Cards”; Potentials Magazine; Apr. 1, 2005, pp. 1-2; VNU eMedia Inc. USA.
Pricewaterhousecoopers LLP, “Issues Surrounding the Recognition of Gift Card Sales and Escheat Liabilities”, QuickBrief journal; Dec. 2004, pp. 1-4, vol. 2, Issue 7; USA.
Furletti, Mark, “Prepaid Cards: How Do They Function? How Are They Regulated?”; Payment Cards Conference Summary, Fed. Reserve Bank of Philadelphia; Jun. 2, 2004; 25 pgs.; USA.
Seligman, Terri J., Loeb&Loeb LLP, “Found Money”; PROMO Magazine; Nov. 1, 2002; New York City, USA.

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