Sheldon B Kannegiesser

US Patent:

20070198352, Aug 23, 2007

Filed:

Feb 8, 2007

Appl. No.:

11/704609

Inventors:

Sheldon Kannegiesser - Santa Barbara CA, US

International Classification:

G06Q 30/00
G06K 5/00

US Classification:

705014000, 235380000

Abstract:

A transactional system for eliminating the necessity of third party processors, who are typically employed for processing loyalty benefits obtained during various point-of-sale loyalty programs such as rebates, cashbacks, discounts, and etc. The system is to be used in conjunction with credit cards, debit cards, loyalty cards, and so on at a point of sale. The system comprising the steps of forwarding a purchase amount less of a loyalty benefit directly to the account of a merchant at a point of sale, the merchant participating in a corresponding loyalty program, forwarding the loyalty benefit to the account of a benefit recipient at the point of sale, and generating a receipt for the purchase amount at the point of sale, the receipt depicting the break up of the purchase amount.