System and method for prepaid rewards

US9558505B2 · kind B2 · utility

Assignee

• American Express Travel Related Services Company, Inc. · US

Inventors

• David Wolf · Brooklyn, US
• Sripriya V. Tiku · Scottsdale, US
• Scott M. Roen · Ridgewood, US
• Jennifer M. Russo · Brooklyn, US

Key dates

• Filing date: Aug 16, 2010
• Grant date: Jan 31, 2017
• Expiry date: Aug 16, 2030

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0234
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system and method provide rewards or loyalty incentives to card member customers. The system includes an enrolled card member customer database, an enrolled merchant database, a participating merchant offer database and a registered card processor. The enrolled card member customer database includes transaction accounts of card member customers enrolled in a loyalty incentive program. The enrolled merchant database includes a list of merchants participating in the loyalty incentive program. The participating merchant offer database includes loyalty incentive offers from participating merchants. The registered card processor receives a record for charge for a purchase made with an enrolled merchant by an enrolled card member customer and uses the record of charge to determine whether the purchase qualifies for a rebate credit in accordance with a discount offer from the enrolled merchant. If the purchase qualifies for a rebate credit, the registered card processor provides the rebate credit to an account of the enrolled card member customer. The registered card processor also provides for electronic notification of rewards offers or credit to prepaid cards, in response to purchase…