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REBATE TRANSACTION INSTRUMENT SYSTEM AND METHOD

  • US 20090319352A1
  • Filed: 07/13/2009
  • Published: 12/24/2009
  • Est. Priority Date: 03/12/2004
  • Status: Abandoned Application
First Claim
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1. A method comprising:

  • receiving payment for a transaction;

    determining eligibility for a rebate program associated with the transaction;

    determining a rebate amount associated with the rebate program and the transaction;

    transmitting, to a financial processor computer, an activation request to activate a transaction account for the rebate amount, wherein the activation request comprises the rebate amount and a rebate program identifier, and wherein the transaction account is instantly activated;

    receiving a debit of a merchant account for at least a portion of the rebate amount; and

    providing the transaction account to be used at a plurality of different merchants.

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