METHOD AND APPARATUS FOR REWARD CALCULATION AND DISBURSEMENT
First Claim
Patent Images
1. A method comprising:
- receiving data that represents purchase transactions received from acquirer financial institutions;
identifying, from the received data, ones of said purchase transactions that qualify for customer rebates; and
transmitting rebate data to ones of said acquirer financial institutions, said rebate data identifying said ones of said purchase transactions that qualify for customer rebates.
1 Assignment
0 Petitions
Accused Products
Abstract
A method includes receiving data that represents purchase transactions received from acquirer financial institutions. The method further includes identifying, from the received data, purchase transactions that qualify for customer rebates. The method further includes transmitting rebate data to certain ones of the acquirer financial institutions. The rebate data identifies the purchase transactions that qualify for customer rebates.
85 Citations
25 Claims
-
1. A method comprising:
-
receiving data that represents purchase transactions received from acquirer financial institutions; identifying, from the received data, ones of said purchase transactions that qualify for customer rebates; and transmitting rebate data to ones of said acquirer financial institutions, said rebate data identifying said ones of said purchase transactions that qualify for customer rebates. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
-
-
11. A method comprising:
-
receiving data that represents purchase transactions received from acquirer financial institutions and cleared through a payment processing network; identifying, from the received data, ones of said purchase transactions that qualify for customer rebates; initiating payment transactions in the payment processing network in regard to the identified purchase transactions, the payment transactions for crediting customer rebates to payment card accounts of customers who initiated the identified purchase transactions; and clearing amounts due in regard to said payment transactions from said acquirer financial institutions to issuer financial institutions, said cleared amounts net of interchange. - View Dependent Claims (12, 13, 14, 15, 16)
-
-
17. A method comprising:
-
receiving data that represents purchase transactions received from acquirer financial institutions; and identifying, from the received data, ones of said purchase transactions that qualify for customer rebates; wherein; said received data includes purchased item data that identifies at least some items purchased in the purchase transactions; and said identifying ones of said purchase transactions that qualify for customer rebates is based at least in part on said purchased item data. - View Dependent Claims (18, 19, 20)
-
-
21. A method comprising:
-
receiving data that represents purchase transactions received from acquirer financial institutions; identifying, from the received data, ones of said purchase transactions that qualify for customer rebates; and initiating payment transactions in a payment processing network in regard to the identified purchase transactions, the payment transactions for crediting customer rebates to payment card accounts of customers who initiated the identified purchase transactions. - View Dependent Claims (22, 23, 24, 25)
-
Specification