Rebate transaction system

US8639571B1 · kind B1 · utility

Inventors

• David Leason · Chappaqua, US
• Scott Sullivan · San Francisco, US

Key dates

• Filing date: Dec 28, 2000
• Grant date: Jan 28, 2014
• Expiry date: Oct 13, 2029

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/387
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system and method for converting a rebate sponsor's offer into an instant credit or price reduction against a follow-on purchase. Rebate requests are obtained at a site on the Internet. The rebate request is tested to confirm that the at least one predetermined criterion has been satisfied. The person making the rebate request is enabled to make the follow-on purchase, with the rebate being converted into the instant credit or price reduction against the total price of the follow-on purchase. The follow-on purchase transaction is completed by charging that person for the purchase. The credit or price reduction can be conditioned on at least one predetermined criterion such as amount being spent on the follow-on purchase, the vendor from which the follow-on purchase is being made, and other criteria. The credit or price reduction can be redeemed in parts across a series of follow-on purchase transactions. In another aspect of the invention, consumers are advised of rebate offers. In this aspect, a server of a credit issuer receives purchase transaction details concerning an item purchase from a vendor, the item purchase is correlated with any rebate offer, and, in the event of a m…