Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Discount or incentive
Patent
1997-12-08
2000-01-11
MacDonald, Allen R.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Discount or incentive
705 39, 705 44, G06F 1760, G06F 700, G06F 1530
Patent
active
060146354
ABSTRACT:
A system and method for providing a discount for a credit-based transaction. The system includes a discount credit network wherein a participant holding a transaction card account issued by a card issuer is assigned a membership number that is associated with the participant's transaction card account. The preferred discount credit system also includes a discount authorization processor that is operatively connected to the discount credit network having a database containing the membership numbers and their associated transaction card accounts and processing means for correlating the membership numbers to such associated transaction card accounts. The preferred discount authorization processor is operatively connected to receive discount authorization requests from authorized merchants, correlate such requests to an associated transaction card account and transaction card issuer, and issue a transaction request to that particular transaction card issuer. The discount authorization processor receives an authorization response signal from the transaction card issuer and forwards such authorization response signal to the merchant who then applies the discount to the transaction whereby the participant receives a discount for initiating the transaction through the discount credit network.
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Harris Jeffrey
Kirschner Douglas
Purdy James
MacDonald Allen R.
Myhre James W.
SHC Direct, Inc.
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