Method and system for handling rebate-entitled credit card payment transactions

Abstract

In this method a credit card entitled for rebates initiates a payment transaction with a merchant granting rebates, resulting in a rebate amount being calculated from the purchase sum of the payment transaction and a set rebate rate and the rebate amount being forwarded to a storage area assigned to the rebate entitled card holder and added to the value contained in the storage area. In this way, consumers can purchase by credit card and automatically receive to their credit a rebate from instituted merchants. From the storage area, representing a (virtual) banking account accumulating rebate amounts can then be regularly remitted to an insurance company or a finance investment institute for building up a retirement pension. Contained in a consumer pension organizational entity are, more particularly, a communications server (5) for receiving the transaction information from the card issuer and a data base server (2) for storing and managing the consumer and merchant related information and for calculating the rebate amount.

Dependencies are inferred from the claim text.