System and method for administering a brokerage rebate card program
First Claim
1. A computer-implemented system for administering a rebate program, comprising:
- a first module executed by a processor for generating rebate information based on at least one purchase of goods or services; and
a second module executed by a processor for applying a rebate, based on the rebate information, to fund at least part of a transaction performed by a brokerage service, wherein the brokerage service charges a fee to perform the transaction, and wherein the second module uses the rebate to fund at least part of the transaction fee.
4 Assignments
0 Petitions
Accused Products
Abstract
A technique for administering a rebate program includes logic for generating rebate information based the purchase of goods and/or services using a card instrument. The technique further includes logic for applying a rebate, based on the rebate information, to fund at least part of a transaction performed by an brokerage service. In one embodiment, the brokerage service charges a fee to perform the transaction. In this case, the rebate is used to fund at least part of the transaction fee. The rebate therefore entitles the cardholder to perform a transaction free of charge. The rebate thus is converted to one or more “free transactions,” and in a more specific application, one or more “free trades.”
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Citations
20 Claims
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1. A computer-implemented system for administering a rebate program, comprising:
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a first module executed by a processor for generating rebate information based on at least one purchase of goods or services; and
a second module executed by a processor for applying a rebate, based on the rebate information, to fund at least part of a transaction performed by a brokerage service, wherein the brokerage service charges a fee to perform the transaction, and wherein the second module uses the rebate to fund at least part of the transaction fee.
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2. A computer-implemented system for administering a rebate program, comprising:
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a card provider system, including;
a card instrument account for a cardholder that identifies purchases made by the cardholder using a card instrument;
a first module executed by a processor for processing a purchase made by the cardholder based on use of the card instrument;
a second module executed by a processor for determining rebate information based on the purchase made using the card;
a brokerage system, including;
a transaction account for the cardholder that identifies transactions made by the cardholder, or on behalf of the cardholder, using the brokerage system;
a third module executed by a processor for receiving instructions from the cardholder, or on behalf of the cardholder, that directs the brokerage system to perform a transaction;
a fourth module executed by a processor for processing the transaction; and
a fifth module executed by a processor for applying a rebate to fund at least part of the transaction, wherein the rebate is based on the rebate information, wherein the brokerage system charges a fee to perform the transaction, and wherein the fifth module uses the rebate to fund at least part of the transaction fee. - View Dependent Claims (3, 4, 5, 6, 7, 8)
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9. A computer-implemented card provider system for administering a rebate program, comprising:
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a card instrument account for a cardholder that identifies purchases made by the cardholder using a card instrument;
a first module executed by a processor for processing a purchase made by the cardholder based on use of the card instrument, and for making a record of the purchase in the card instrument account;
a second module executed by a processor logic for determining net purchase information based on a summation of purchase information stored in the card instrument account;
a third module executed by a processor for determining rebate information based on the net purchase information;
a fourth module executed by a processor for transferring the rebate information to a brokerage system, wherein the brokerage system applies a rebate to fund at least part of a transaction made using the brokerage system, wherein the rebate is based on the rebate information, wherein the brokerage system charges a fee to perform the transaction, and the brokerage system applies the rebate to fund at least part of the transaction fee.
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10. A computer-implemented brokerage system for administering a rebate program, comprising:
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a transaction account for the cardholder that identifies transactions made by the cardholder, or on behalf of the cardholder, using the brokerage system;
a first module executed by a processor for receiving rebate information from a card provider, the rebate information based on net purchases made by a cardholder using a card instrument;
a second module executed by a processor for receiving instructions from the cardholder, or on behalf of the cardholder, that directs the brokerage system to perform a transaction;
a third module executed by a processor for processing the transaction; and
a fourth module executed by a processor for applying a rebate to fund at least part of the transaction, wherein the rebate is based on the rebate information, wherein the brokerage system charges a fee to perform the transaction, and the brokerage system applies the rebate to fund at least part of the transaction fee.
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11. A method for administering a rebate program, comprising:
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generating rebate information based on at least one purchase of goods or services; and
applying a rebate, based on the rebate information, to fund at least part of a transaction performed by a brokerage service, wherein the brokerage service charges a fee to perform the transaction, and the step of applying comprises applying the rebate to fund at least part of the transaction fee.
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12. A method of administering a rebate program, comprising:
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establishing, by a card provider, a card instrument account for a cardholder;
establishing, by a brokerage service, a transaction account;
processing, by the card provider, a purchase made by the cardholder based on use of a card instrument and making a record of the purchase in the card instrument account;
determining, by the card provider, rebate information based on the purchase made using the card instrument;
receiving, by the brokerage service, instructions from the cardholder, or on behalf of the cardholder, that directs the brokerage service to perform a transaction;
processing, by the brokerage service, the transaction, and making a record of the transaction in the transaction account; and
applying, by the brokerage service, a rebate to fund at least part of the transaction, wherein the rebate is based on the rebate information, wherein the brokerage service charges a fee to perform the transaction, and the step of applying comprises applying the rebate to fund at least part of the transaction fee. - View Dependent Claims (13, 14, 15, 16, 17, 18)
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19. A method of administering a rebate program, comprising:
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providing a card instrument to a cardholder and establishing a card instrument account;
processing a purchase made by the cardholder based on use of the card instrument and making a record of the purchase in the card instrument account;
determining net purchase information based a summation of purchase information stored in the card instrument account;
determining rebate information based on the net purchase information; and
transferring the rebate information to an brokerage service, wherein the brokerage service applies a rebate to fund at least part of a transaction made using the brokerage service, wherein the rebate is based on the rebate information, wherein the brokerage service charges a fee to perform the transaction, and the brokerage service applies the rebate to fund at least part of the transaction fee.
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20. A method of administering a rebate program, comprising:
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establishing a transaction account with an brokerage service;
receiving rebate information from a card provider, the rebate information based on net purchases made by a cardholder using a card instrument;
receiving instructions from the cardholder, or on behalf of the cardholder, that direct the brokerage service to perform a transaction;
processing the transaction using the brokerage service; and
applying a rebate to fund at least part of the transaction, wherein the rebate is based on the rebate information, wherein brokerage service charges a fee to perform the transaction, and the brokerage service applies the rebate to fund at least part of the transaction fee.
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Specification