Rebate automation
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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May 12, 2015
Grant Date -
Mar 17, 2011
app pub date -
May 20, 2010
filing date -
May 21, 2009
priority date (Note) -
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status (Latency Note)
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Abstract
A computer receives information that a request is made to authorize a transaction for a sale of a product by a merchant to an account holder in a transaction conducted on a consumer account issued to the account holder. When the computer confirms that the transaction is authorized and that the transaction occurs within a predetermined time period for which there is a rebate associated with the product and a corresponding sponsor financially responsible for the rebate, the computer communicates that the rebate is to be debited to an account of the sponsor and either: (i) given as a discount by the merchant at the point of sale to the account holder; or (ii) credited to an account issued to the account holder by the issuer.
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