Mark A Simmons

US Patent:

20070278288, Dec 6, 2007

Filed:

Dec 16, 2005

Appl. No.:

11/306151

Inventors:

Mark Simmons - Santa Monica CA, US

International Classification:

G06K 5/00

US Classification:

235380000, 705014000

Abstract:

An improved system and method for providing a rebate to a third party beneficiary for the purchase of a product from a merchant including the steps of designating a beneficiary for a rebate amount associated with a purchase of goods or services, assigning a rebate amount with one or more restrictions from a merchant based on the purchase of those goods or services by a consumer, and applying one or more rebate amounts to a subsequent purchase by the beneficiary so long as the one or more restrictions are met. Additionally, a computer network-based purchase incentive system for one or more merchants including a memory, the memory adapted to store a program code, a processor in communication with the memory, the program code capable of programming the processor to perform a method for providing a rebate from a merchant for a purchase of a good or service by a consumer, the method comprising the steps of designating a beneficiary of the consumer to receive a rebate amount associated with the purchase, assigning a value and one or more restrictions to the rebate amount; and applying the rebate to a subsequent purchase by the beneficiary so long as the one or more restrictions are met.