Systems and methods for minimizing fraud in the promotional offer industry

Abstract

Systems and methods for managing the promotional offer industry offer, redemption, and settlement processes address and minimize fraud, better inform the business offering the promotion of the results of the promotional offer program, and facilitate improvements in the settlement process after offer redemption. A method includes steps of receiving an indication of interest in the promotional offer, associating a one-time-use unique bank card number with the promotional offer, and transmitting the bank card number to the consumer computing device as an accepted promotional offer, whereby the consumer is enabled to use the bank card number at a point of sale to redeem the accepted promotional offer. The method also includes steps of receiving, over the communications network, an indication that the bank card number was used at the point of sale to redeem the accepted promotional offer and allocating payment for redemption of the promotional offer.