Patent ID: 7363273
Filing Date: 2008-04-22
Classification: G06Q,G07F,G07G

Abstract:
1. A computer-implemented method for an issuer to create a stored value account as a rebate award, wherein the stored value account is affiliated with a predetermined transaction network and the issuer, the method comprising: determining a rebate amount based upon one or more purchases made by a purchaser, wherein the rebate amount comprises a monetary amount that may be used to make purchases; and creating in a computer database a stored value account, the stored value account having a purchase value based on said rebate amount, wherein the stored value account comprises information about: a) a stored value account number; and b) a stored value purchase amount, wherein the stored value purchase amount initially comprises the rebate amount; wherein the stored value account is usable for purchases from merchants or types of merchants designated by the issuer or a sponsor of the card and are affiliated with the transaction network;