David Patrick Shepard

US Patent:

20150019314, Jan 15, 2015

Filed:

Oct 2, 2014

Appl. No.:

14/505435

Inventors:

- San Francisco CA, US
James Alan VonDerheide - Pasadena CA, US
Edward W. Fordyce - Sedalia CO, US
David Chauncey Shepard - Novato CA, US
Gregory Michael Adams - Menlo Park CA, US
Laura DiGioacchino - San Mateo CA, US

International Classification:

G06Q 30/02
G06Q 20/40

US Classification:

705 1423

Abstract:

A computer receives information that a request is made to authorize a transaction for a sale of a product by a merchant to an account holder in a transaction conducted on a consumer account issued to the account holder. When the computer confirms that the transaction is authorized and that the transaction occurs within a predetermined time period for which there is a rebate associated with the product and a corresponding sponsor financially responsible for the rebate, the computer communicates that the rebate is to be debited to an account of the sponsor and either: (i) given as a discount by the merchant at the point of sale to the account holder; or (ii) credited to an account issued to the account holder by the issuer.