Method of providing merchant rebates to purchasers
First Claim
Patent Images
1. A method of selecting credit/debit transactions of a participating merchant to provide a cash rebate to a customer of said participating merchant, the method comprising the steps of:
- a) providing a merchant credit/debit transaction identification code of a participating merchant to a credit/debit transaction sorting facility, b) identifying by said merchant identification code at said sorting facility a one or more credit/debit transactions performed at said participating merchant to generate an identified participating merchant credit/debit transactions group each of said identified transactions in said group having a purchase amount associated therewith.
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Abstract
A method for awarding cash rebates from participating merchants to purchasers is provided in which the purchaser'"'"'s use of a credit/debit card of a particular issuer to effect transactions at participating merchants will qualify the purchaser for the particular cash rebate percentage offered by the participating merchant.
86 Citations
24 Claims
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1. A method of selecting credit/debit transactions of a participating merchant to provide a cash rebate to a customer of said participating merchant, the method comprising the steps of:
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a) providing a merchant credit/debit transaction identification code of a participating merchant to a credit/debit transaction sorting facility, b) identifying by said merchant identification code at said sorting facility a one or more credit/debit transactions performed at said participating merchant to generate an identified participating merchant credit/debit transactions group each of said identified transactions in said group having a purchase amount associated therewith. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 14, 15, 16, 17, 18, 19)
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13. A method for obtaining a cash rebate from a merchant comprising the steps of:
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determining a credit/debit transaction identification of a merchant, registering said merchant transaction identification with a credit/debit transaction sorter, selecting by said sorter a particular card issuer'"'"'s credit/debit card transactions to identify an issuer transactions group, separating by said sorter from said issuer transactions group a one or more transactions having said merchant transaction identification associated therewith to provide a issuer/merchant sorted transactions group.
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20. A method for obtaining a cash rebate from a merchant comprising the steps of:
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determining a credit/debit transaction identification of a merchant by the method comprising the steps of;
performing a credit/debit transaction at said merchant location, transmitting data regarding said credit/debit transaction to a credit/debit transaction sorter, locating said credit/debit transaction data at said transaction sorter, extracting said merchant transaction identification information from said credit/debit transaction data, registering said merchant transaction identification information with said credit/debit transaction sorter, selecting by said sorter a particular card issuer'"'"'s credit/debit card transactions to identify an issuer transactions group wherein each transaction of said issuer transactions group has a purchase amount associated therewith, separating by said sorter from said issuer transactions group a one or more transactions having said merchant transaction identification associated therewith to provide a issuer/merchant sorted transactions group, and calculating a rebate amount from said purchase amount of said issuer/merchant sorted transactions group. - View Dependent Claims (21, 22, 23, 24)
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Specification