INCENTIVES ASSOCIATED WITH LINKED FINANCIAL ACCOUNTS
First Claim
1. A system for conducting a financial transaction, the system comprising:
- a memory storing a plurality of stored account set identifiers, each stored account set identifier being correlated to a set of financial accounts; and
a processor programmed to execute steps including;
receive an authorization request for a financial transaction between a merchant and a consumer, wherein the authorization request includes a financial account identifier;
compare the received financial account identifier with the plurality of stored account set identifiers to find a match;
select one financial account, from the set of financial accounts corresponding to the matched account set identifier, upon which to apply the financial transaction;
route the authorization request to an issuer of the selected financial account;
receive an authorization response from the issuer of the selected financial account, wherein the authorization response is responsive to the authorization request;
form a transmission for delivery to the merchant including the authorization response;
andfacilitate providing a value of an incentive to an accountholder of one of the financial accounts in the set of financial accounts corresponding to the matched account set identifier, wherein the incentive is associated with applying the financial transaction upon the selected financial account.
1 Assignment
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Accused Products
Abstract
A set of accounts usable for cashless transactions are electronically linked together. The accounts in the set may be associated with different accountholders, issuers, financial institutions, transaction handlers, or combinations thereof. A stakeholder sets up rules that govern, in part, processing of cashless transactions upon the accounts in the set. The rules alter routing of the cashless transaction from one account to another in the set. Loyalty features are determined accordingly. In one implementation, the rule alters the routing of the cashless transaction to optimize a loyalty feature. Amounts spent in transactions upon the accounts in the account set may be tracked, analyzed or reported on to create targeted offers. Fulfillment of the targeted offers may be conditioned on validating that the actual spend upon the accounts in the set match a predetermined threshold.
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Citations
22 Claims
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1. A system for conducting a financial transaction, the system comprising:
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a memory storing a plurality of stored account set identifiers, each stored account set identifier being correlated to a set of financial accounts; and a processor programmed to execute steps including; receive an authorization request for a financial transaction between a merchant and a consumer, wherein the authorization request includes a financial account identifier; compare the received financial account identifier with the plurality of stored account set identifiers to find a match; select one financial account, from the set of financial accounts corresponding to the matched account set identifier, upon which to apply the financial transaction; route the authorization request to an issuer of the selected financial account; receive an authorization response from the issuer of the selected financial account, wherein the authorization response is responsive to the authorization request; form a transmission for delivery to the merchant including the authorization response; and facilitate providing a value of an incentive to an accountholder of one of the financial accounts in the set of financial accounts corresponding to the matched account set identifier, wherein the incentive is associated with applying the financial transaction upon the selected financial account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A computer implemented method comprising:
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electronically receiving, at computing device of a transaction handler, an authorization requests for a financial transaction between a merchant and a consumer, wherein the authorization request includes a financial account identifier; electronically comparing, at the computing device, the received financial account identifier with a plurality of stored account set identifiers to find a match, wherein each stored account set identifier is correlated to a set of financial accounts; selecting, at the computing device, one financial account upon which to apply the financial transaction, wherein the one financial account is selected; from the set of financial accounts corresponding to the matched account set identifier; and by at least using a value of an incentive corresponding to applying the financial transaction to one or more financial accounts in the set of financial accounts corresponding to the matched account set identifier; electronically routing, at the computing device, the authorization request to an issuer of the selected financial account; electronically receiving, at the computing device, an authorization response from the issuer of the selected financial account, wherein the authorization response is responsive to the authorization request; electronically forming, at the computing device, a transmission for delivery to the merchant including the authorization response; and facilitating providing the value of the incentive, corresponding to applying the financial transaction to the selected financial account, to an accountholder of one of the financial accounts in the set of financial accounts corresponding to the matched account set identifier. - View Dependent Claims (14, 15, 16)
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17. A system for facilitating fulfillment of an incentive, the system comprising:
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a memory storing data about a plurality of financial transactions upon corresponding financial accounts within an account set, wherein the data about each financial transaction includes; a transaction amount; and a date; and a processor programmed to at least; receive a business rule for fulfillment of an incentive of a stakeholder, wherein the fulfillment of the incentive is conditioned on validating that a spend, over a duration of time, upon the financial accounts in the account set matches a criterion; calculate the spend based on a combination of the transaction amounts of the financial transactions that occurred over the duration of time; validate that the calculated spend matches the criterion; and after validating that the calculated spend matches the criterion, facilitate the fulfillment of the incentive. - View Dependent Claims (18, 19, 20, 21, 22)
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Specification