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System and method for combined reconciliation of co-branded card promotion and settlement of private label card accounts

  • US 7,953,653 B2
  • Filed: 05/16/2007
  • Issued: 05/31/2011
  • Est. Priority Date: 05/16/2007
  • Status: Active Grant
First Claim
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1. A method for combined reconciliation of a credit card promotion relationship and settlement of a private label credit card relationship between an issuer and a merchant, comprising:

  • establishing a first relationship between the issuer and the merchant for promotion of a credit card, the first relationship including at least one merchant compensation term, the at least one merchant compensation term stored in an electronic file;

    establishing a second relationship between the issuer and the merchant for the administration of the merchant'"'"'s private label credit card transactions, the second relationship including at least one issuer compensation term, the at least one issuer compensation term stored in an electronic file;

    receiving at least one electronic file containing a first financial information related to the first relationship;

    receiving at least one electronic file containing a second financial information related to the second relationship; and

    using a computer processor, determining an account balance for the merchant based on the first information, the second information, the at least one merchant compensation term, and the at least one issuer compensation term.

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