System and method for administering a brokerage rebate card program
US6985873B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Jan 18, 2001 |
| Grant date | Jan 10, 2006 |
| Priority date | — |
| Expiry date | Jan 30, 2023 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A technique for administering a rebate program includes logic for generating rebate information based the purchase of goods and/or services using a card instrument. The technique further includes logic for applying a rebate, based on the rebate information, to fund at least part of a transaction performed by an brokerage service. In one embodiment, the brokerage service charges a fee to perform the transaction. In this case, the rebate is used to fund at least part of the transaction fee. The rebate therefore entitles the cardholder to perform a transaction free of charge. The rebate thus is converted to one or more “free transactions,” and in a more specific application, one or more “free trades.”
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.