Patent ID: 7747463

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, by at least one computer processor, a rebate amount based upon one or more purchases made by a purchaser, wherein the rebate amount is a monetary amount comprising a percentage of a monetary value of the one or more purchases; creating, by at least one computer processor, in a computer database a stored value account, the stored value account having a purchase value based on said rebate amount, wherein the independent stored value account comprises information about: a) a stored value account number, and b) a stored value purchase 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; (2) first use of the stored value account or card by the purchaser or intended recipient; or (3) establishing the name or verifying the identity of the purchaser or the intended recipient of the stored value card.