Patent ID: 8033451
Filing Date: 2011-10-11
Classification: G06Q,G07B,G07F

Abstract:
1. A method for distributing a reward, comprising: associating by a financial institution an RFID tag with an individual account and the financial institution, wherein a tagholder is the holder of the individual account, wherein further the financial institution comprises one or more host computers; aggregating by the financial institution purchase amounts for purchases made from a plurality of merchants using the individual account as a payment source; determining by the financial institution if any of the purchases that were made using the individual account as a payment source were made by presenting the RFID tag to merchants; aggregating by the financial institution purchase amounts for purchases made from a plurality of merchants by presenting the RFID tag to merchants; calculating by a host computer a reward based at least in part on RFID tag usage; and attributing the reward to the individual account.