Patent ID: 8015060

Claim:
A system for managing coupon redemption under a reward program, comprising: a portable token configured to store an electronic coupon and a redemption tally, the redemption tally representing the number of times the electronic coupon has been redeemed by a holder of the portable token for a corresponding reward under the reward program; a token acceptance device configured to communicate with the portable token and store a redemption limit relating to the electronic coupon, the redemption limit representing the maximum number of times the electronic coupon is allowed to be redeemed for the corresponding reward under the reward program, the token acceptance device further configured to receive information relating to a transaction from the holder; and a reward host configured to allow a reward program sponsor to establish the redemption limit and communicate the redemption limit to the token acceptance device; wherein the holder indicates to the token acceptance device that the electronic coupon is to be redeemed and applied to the transaction; wherein upon receiving indication of redemption of the electronic coupon, the token acceptance device compares the redemption limit to the redemption tally and determines whether the electronic coupon is allowed to be redeemed and applied to the transaction; wherein the token acceptance device automatically resolves redemption conflicts associated with a concurrent redemption of the electronic coupon and other coupons; and wherein the reward host is further configured to prioritize multiple coupon redemptions for the transaction.