Patent ID: 7653572
Filing Date: 2010-01-26
Classification: G06Q

Abstract:
1. A method of providing a rebate program, the rebate program including registered members, registered member credit card accounts, registered member debit card accounts, and registered member rebate accounts in which to apply rebates earned by registered members, at least one registered merchant offering rebates to registered members with registered debit or credit card accounts, the method comprising: a) at a rebate network manager connected to said at least one registered merchant via processors that track debit or credit card account purchases to provide debit and credit card account transaction information, receiving debit and credit card account transaction information associated with a registered merchant; b) via said rebate network manager operating a centralized processing system configured to monitor all of said debit and credit card account transaction information from said processors and associated with a registered merchant to determine if said transactions are consummated with registered members using said registered member card accounts, wherein said rebate network manager's centralized processing system is located at a location other than the location of the merchant, c) calculating a rebate based upon an existing formula for a purchase by said registered member from said registered merchant, and d) generating information needed to apply rebate monies earned to at least one rebate account of a registered member.