Enhanced system and method for point of sale cash rebates
First Claim
1. A system for providing a rebate to a consumer, comprising:
- memory for storing information associated with a consumer account;
a processor electronically coupled to the memory and operable to process at least a portion of the information to determine a rebate and to generate a rebate message, the rebate message including an instruction to provide the consumer with the rebate, the rebate comprising a distribution of value to the consumer.
1 Assignment
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Accused Products
Abstract
According to certain embodiments of the present invention, systems and methods are provided for providing a consumer with a rebate on purchases, which are made, for example, at a merchant. The rebate may be in a variety of forms. According to one aspect the rebate may be a reduction in the purchase price associated with a transaction. According to another aspect the rebate may be in the form of cash or an item having value being delivered to the consumer. The rebate may be provided at the Point of Sale. The rebate may be determined by a number of different criteria including purchase price, transaction frequency, predetermined time intervals, consumer loyalty, Point of Sale location, or any combination of these and other criteria.
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Citations
31 Claims
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1. A system for providing a rebate to a consumer, comprising:
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memory for storing information associated with a consumer account;
a processor electronically coupled to the memory and operable to process at least a portion of the information to determine a rebate and to generate a rebate message, the rebate message including an instruction to provide the consumer with the rebate, the rebate comprising a distribution of value to the consumer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21)
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22. A monetary card, comprising:
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a card body;
a memory device affixed to the card body, the memory device operable to store information associated with a consumer account;
wherein information from the memory device may be used together with a purchase amount to determine whether the consumer should receive a rebate, the rebate comprising a point-of-sale distribution to the consumer. - View Dependent Claims (23, 24, 25)
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26. Software operable to:
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determine whether a consumer is registered for a rebate program;
determine a rebate amount; and
generate a rebate message, the rebate message comprising an instruction to provide the consumer with a distribution. - View Dependent Claims (27, 28)
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- 29. A financial account, the account having a rebate feature, the rebate feature comprising a consumer'"'"'s entitlement to a rebate if one or more rebate criteria are met, the rebate comprising a distribution to the consumer.
Specification