Patent ID: 7363273

Claim:
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; issuing a stored value card associated with the stored value account; and activating the stored value account or card upon: (1) receipt of notification that the stored value card has been received by the purchaser or an intended recipient; or (2) establishing the name or verifying the identity of the purchaser or the intended recipient of the stored value card.