REBATE TRANSACTION INSTRUMENT SYSTEM AND METHOD

摘要

A system and method for distributing a transaction instrument is disclosed. The method may include receiving rebate parameters from a merchant; associating the rebate parameters with a transaction instrument; distributing the transaction instrument to a merchant; and activating and/or loading the transaction instrument in response to a request from the merchant thus enabling the use of the transaction instrument. The transaction instrument may be, for example, an open rebate card. The distribution of the transaction instrument may also include sending a message, in substantially real time, causing the pre-paid transaction instrument to be funded but not activated until later through an interactive voice response system, for example. In one example, an associated transaction account may be funded and activated at the time that the merchant requests activation. Furthermore, an issuer system may be suitably configured to leverage existing Travelers Cheque infrastructure for inventory and related processes.

主权项

1. A method comprising:
receiving payment for a transaction; determining eligibility for a rebate program associated with the transaction; determining a rebate amount associated with the rebate program and the transaction; transmitting, to a financial processor computer, an activation request to activate a transaction account for the rebate amount, wherein the activation request comprises the rebate amount and a rebate program identifier, and wherein the transaction account is instantly activated; receiving a debit of a merchant account for at least a portion of the rebate amount; and providing the transaction account to be used at a plurality of different merchants.