System and method for administering a brokerage rebate card program
First Claim
1. A computer-implemented system for administering a reward program, comprising:
- a card provider system, including;
a first module executed by a processor for generating reward information based on at least one purchase of goods or services using a card instrument; and
a brokerage system, including;
a second module executed by a processor for applying a reward, based on the reward information, to fund at least part of a transaction for securities performed by the brokerage system,wherein the brokerage system charges a transaction fee to perform the transaction, and wherein the second module uses the reward to fund at least part of the transaction fee.
4 Assignments
0 Petitions
Accused Products
Abstract
A technique for administering a rebate program includes logic for generating rebate information based the purchase of goods and/or services using a card instrument. The technique further includes logic for applying a rebate, based on the rebate information, to fund at least part of a transaction performed by an brokerage service. In one embodiment, the brokerage service charges a fee to perform the transaction. In this case, the rebate is used to fund at least part of the transaction fee. The rebate therefore entitles the cardholder to perform a transaction free of charge. The rebate thus is converted to one or more “free transactions,” and in a more specific application, one or more “free trades.”
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Citations
20 Claims
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1. A computer-implemented system for administering a reward program, comprising:
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a card provider system, including; a first module executed by a processor for generating reward information based on at least one purchase of goods or services using a card instrument; and a brokerage system, including; a second module executed by a processor for applying a reward, based on the reward information, to fund at least part of a transaction for securities performed by the brokerage system, wherein the brokerage system charges a transaction fee to perform the transaction, and wherein the second module uses the reward to fund at least part of the transaction fee.
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2. A computer-implemented system for administering a reward program, comprising:
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a card provider system, including; a card instrument account for a cardholder that identifies purchases made by the cardholder using a card instrument; a first module executed by a processor for processing purchases made by the cardholder based on use of the card instrument; a second module executed by a processor for determining a reward information based on the purchases made using the card; a brokerage system, including; a transaction account for the cardholder that identifies transactions made by the cardholder, or on behalf of the cardholder, using the brokerage system; a third module executed by a processor for receiving instructions from the cardholder that directs the brokerage system to perform a transaction for securities; a fourth module executed by a processor for processing the transaction; and a fifth module executed by a processor for applying a reward to fund at least part of the transaction, wherein the reward is based on the reward information, wherein the brokerage system charges a transaction fee to perform the transaction, and wherein the fifth module uses the reward to fund at least part of the transaction fee. - View Dependent Claims (3, 4, 5, 6, 7, 8)
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9. A computer-implemented card provider system for administering a reward program, comprising:
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a card provider system, including; a card instrument account for a cardholder that identifies purchases made by the cardholder using a card instrument; a first module executed by a processor for processing purchases made by the cardholder based on use of the card instrument, and for making a record of the purchases in the card instrument account; a second module executed by a processor for determining net purchase information based on a summation of purchase information stored in the card instrument account; a third module executed by a processor for determining reward information based on the net purchase information; a fourth module executed by a processor for transferring the reward information to a brokerage system, wherein the brokerage system applies a reward to fund at least part of a transaction for securities made using the brokerage system, wherein the reward is based on the reward information, wherein the brokerage system charges a transaction fee to perform the transaction, and the brokerage system applies the reward to fund at least part of the transaction fee.
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10. A computer-implemented brokerage system for administering a reward program, comprising:
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a brokerage system, including; a transaction account for the cardholder that identifies transactions made by the cardholder, or on behalf of the cardholder, using the brokerage system; a first module executed by a processor for receiving reward information from a card provider system, the reward information based on net purchases made by a cardholder using a card instrument; a second module executed by a processor for receiving instructions from the cardholder, or on behalf of the cardholder, that directs the brokerage system to perform a transaction for securities; a third module executed by a processor for processing the transaction; and a fourth module executed by a processor for applying a reward to fund at least part of the transaction, wherein the reward is based on the reward information, wherein the brokerage system charges a transaction fee to perform the transaction, and the brokerage system applies the reward to fund at least part of the transaction fee.
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11. A computer-implemented method for administering a reward program, comprising:
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generating, by a processor, reward information based on at least one purchase of goods or services using a card instrument; storing the reward information in a database; retrieving the reward information; applying a reward, based on the reward information, to fund at least part of a stock market transaction performed by a brokerage system and updating the database to reflect the updated reward information; wherein the brokerage system charges a transaction fee to perform the stock market transaction, and the step of applying comprises applying the reward to fund at least part of the transaction fee.
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12. A method of administering a reward program, comprising:
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establishing, by a card provider system, a card instrument account for a cardholder; establishing, by a brokerage system, a transaction account; using the card provider system to process purchases made by the cardholder based on use of a card instrument and making a record of the purchases in the card instrument account; determining, by the card provider system, reward information based on the purchases made using the card instrument; receiving, by the brokerage system, instructions from the cardholder that directs the brokerage system to perform a transaction for securities; processing, by the brokerage system, the transaction, and making a record of the transaction in the transaction account; and applying, by the brokerage system, a reward to fund at least part of the transaction, wherein the reward is based on the reward information, wherein the brokerage system charges a transaction fee to perform the transaction, and the step of applying comprises applying the reward to fund at least part of the transaction fee. - View Dependent Claims (13, 14, 15, 16, 17, 18)
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19. A computer-implemented method of administering a reward program, comprising:
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providing a card instrument to a cardholder and establishing a card instrument account; processing at least one purchase made by the cardholder based on use of the card instrument and making a record of the at least one purchase in the card instrument account; determining, by a processor, net purchase information based on a summation of purchase information stored in the card instrument account; determining reward information based on the net purchase information; and transferring the reward information to a brokerage system, wherein the brokerage system applies a reward to fund at least part of a transaction of publicly traded assets made using the brokerage system, wherein the reward is based on the reward information, wherein the brokerage system charges a transaction fee to perform the transaction of publicly traded assets, and the brokerage system applies the reward to fund at least part of the transaction fee.
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20. A computer implemented method of administering a reward program, comprising:
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establishing a transaction account with a brokerage system; receiving reward information from a card provider system, the reward information determined by a processor and based on net purchases made by a cardholder using a card instrument; receiving instructions from the cardholder that direct the brokerage system to perform a transaction for securities; processing the transaction using the brokerage system and applying a reward to fund at least part of the transaction, wherein the reward is based on the reward information, wherein the brokerage system charges a transaction fee to perform the transaction, and the brokerage system applies the reward to fund at least part of the transaction fee.
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Specification