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Inverted tier rebate system

  • US 20050096976A1
  • Filed: 11/03/2003
  • Published: 05/05/2005
  • Est. Priority Date: 11/03/2003
  • Status: Active Grant
First Claim
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1. A financial transaction system comprising:

  • a financial institution;

    a financial alternative to currency issued by the financial institution to one or more consumers; and

    a participating merchant network accepting the financial alternative to currency to provide goods or services to the one or more consumers and receive reimbursement for the goods and services from the financial institution;

    wherein the financial institution charges the one or more consumers for the goods or services purchased using the financial alternative to currency and provides to each of the one or more consumers an award related to a total value of goods or services purchased by each of the one or more consumers using the financial alternative to currency, the award being related to the total value of goods or services purchased through an inverted tier structure comprising a first tier corresponding to a first value range of goods or services purchased and providing a first award rate and a second tier corresponding to a second value range of goods or services purchased and providing a second award rate, wherein the second value range is higher than the first value range and the second award rate is lower than the first award rate.

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