Invention Grant
- Patent Title: Dynamic modification of digital redemption transactions
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Application No.: US18186074Application Date: 2023-03-17
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Publication No.: US11978086B2Publication Date: 2024-05-07
- Inventor: Gabriel Saunkeah , Jenny Jeansonne , Julia McCaffrey , Soren Mills
- Applicant: Loop Commerce, Inc.
- Applicant Address: US CT Stamford
- Assignee: LOOP COMMERCE, INC.
- Current Assignee: LOOP COMMERCE, INC.
- Current Assignee Address: US CT Stamford
- Agency: Polsinelli LLP
- Main IPC: G06Q30/0226
- IPC: G06Q30/0226 ; G06Q30/0207

Abstract:
Systems and methods describe providing alternate redemption options. One aspect involves receiving an order, analyzing consumer information using a redemption options algorithm to obtain redemption options including an alternate redemption option, providing an initial gift notification to a recipient device based on the gift order, the initial gift notification including the alternate redemption option, receiving an alternate redemption request, transmitting an alternate redemption information request, receiving alternate redemption information, adding alternate redemption information to the historical consumer information to obtain updated historical consumer information, training the redemption options algorithm using the updated historical consumer information to obtain an updated redemption options algorithm, and performing an alternate redemption action set using the alternate redemption information. Alternate redemption options may include an option to regift a gift, to donate the value of a gift to a donation recipient, and/or to donate a positive balance remaining after the redemption of a gift.
Public/Granted literature
- US20230298065A1 DYNAMIC MODIFICATION OF DIGITAL REDEMPTION TRANSACTIONS Public/Granted day:2023-09-21
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