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

• Current Assignee: Chemtron Research LLC (Intellectual Ventures LLC)
• Original Assignee: American Express Travel Related Services Company, Inc. (American Express Company)
• Inventors: Boyle, Edward J., Williams, Angela, Wybraniec, Jennifer L., Tibbitts, Lorenzo E., McDevitt, Thea S., Feldman-Krasner, Gennye H.
• Application Number:
  US12/502,082
• Publication Number:
  US 20090319352A1
• Time in Patent Office: Days
• US Class Current: 705/14.150
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/3224 Transactions dependent on location of M-devices
• CPC Class Codes: G06Q 20/4016 involving fraud or risk level assessment in transaction processing
• CPC Class Codes: G06Q 30/00 Commerce
• CPC Class Codes: G06Q 30/0213 Consumer transaction fees
• CPC Class Codes: G06Q 30/0234 Rebates after completed purchase

Abstract

A system and method for distributing a transaction instrument is disclosed. The method may include receiving rebate parameters from a merchant; associating the rebate parameters with a transaction instrument; distributing the transaction instrument to a merchant; and activating and/or loading the transaction instrument in response to a request from the merchant thus enabling the use of the transaction instrument. The transaction instrument may be, for example, an open rebate card. The distribution of the transaction instrument may also include sending a message, in substantially real time, causing the pre-paid transaction instrument to be funded but not activated until later through an interactive voice response system, for example. In one example, an associated transaction account may be funded and activated at the time that the merchant requests activation. Furthermore, an issuer system may be suitably configured to leverage existing Travelers Cheque infrastructure for inventory and related processes.

Claims

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.

2. The method of claim 1, wherein the activation request is sent from a point of sale (POS) device.

3. The method of claim 1, wherein the activation request is at least one of anonymous or is absent consumer information.

4. The method of claim 1, wherein the determining eligibility for a rebate program is performed by at least one of a merchant, a merchant computer, a point of service device (POS), a third party, a third party system or the financial processor computer.

5. The method of claim 1, wherein the rebate amount is determined by a pre-defined rebate amount associated with a merchant.

6. The method of claim 1, wherein the rebate amount is determined by a rebate parameter, wherein the rebate parameter is at least one of included in the activation request or an attribute of pre-determined rebate parameters.

7. The method of claim 1, wherein the rebate amount is determined by at least one of a product, an algorithm, a rule, a randomly generated number, a transaction account associated with the transaction, a second product, a date, a transaction history of a transaction account associated with the transaction or an agreement for future spending.

8. The method of claim 1, wherein the rebate program identifier is a rebate card identifier.

9. The method of claim 1, wherein the transaction instrument is an open transaction instrument.

10. The method of claim 1, wherein the transaction account is associated with a limited use identifier.

11. The method of claim 1, further comprising transmitting a fulfillment request to set up a rebate.

12. The method of claim 11, wherein the fulfillment request comprises a rebate parameter.

13. The method of claim 12, wherein, in response to receiving the fulfillment request the financial processor computer associates the rebate parameter with the plurality of transaction instruments.

14. The method of claim 13, wherein the rebate parameter is based at least partially upon at least one of a distributor, a transaction amount, a transaction date, a transaction time, a first product, a first product and a second product, a location, a transaction type, a loyalty program, or a balance associated with a loyalty program.

15. The method of claim 14, further comprising determining whether the activation request complies with the rebate parameter.

16. The method of claim 19, wherein the financial processor computer associates a use restriction based upon the rebate parameter with the rebate program identifier, wherein the use restriction is associated with at least one of a distributor identifier, an expiration date, a date restriction, a merchant type restriction, a product restriction, a geographic restriction or a secondary rebate condition.

17. The method of claim 16, wherein the financial processor computer receives a transaction authorization request, wherein the transaction authorization request comprises a transaction account identifier associated with the transaction account, and wherein the financial processor computer determines whether the transaction request complies with the use restriction.

18. The method of claim 17, further comprising receiving the plurality of transaction accounts from the financial processor.

19. The method of claim 1, wherein the financial processor computer, activates the transaction account, wherein the transaction account is immediately enabled to initiate a transaction and receive a authorization for a transaction amount equal to or less than the pre-paid balance.

20. The method of claim 1, wherein the financial processor computer, associates a transaction account number with the transaction account, associates a serial number with the transaction account based upon at least one of a merchant identifier, a rebate parameter or a tracking code, wherein the transaction account is one of a plurality of transaction accounts, and wherein the plurality of transaction accounts are distributed to a merchant in groups with each transaction account is identified respectively by a plurality of serial numbers, wherein the plurality of serial numbers comprises the serial number.

21. A system comprising:

a network interface;

a processor configured to execute a computer program;

a memory; and

the computer program configured to;

receive payment for a transaction;

determine eligibility for a rebate program associated with the transaction;

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

transmit, 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;

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

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

22. A tangible computer-readable medium having computer-executable instructions stored thereon that, if executed by a computer, cause the computer to perform 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.