Consumer offer redemption methods and systems

A computerized offer redemption system, comprising:

• at least one processor;
• memory associated with the at least one processor;
• and
• a program supported in the memory for processing offers provided to consumers, the program having a plurality of instructions stored thereon which, when executed by the at least one processor, cause the at least one processor to:
• (a) store information on a consumer and a payment account associated with the consumer in a memory;
• (b) receive activation of an offer from the consumer covering a product or service available from a retailer;
• (c) link the offer to the consumer's payment account;
• (d) monitor transactions in the consumer's payment account;
• and
• (e) determine whether a transaction in the consumer's payment account is potentially covered by the linked offer by filtering out ineligible transactions that do not meet offer criteria;
• (f) when the transaction is determined to be potentially covered by the offer, transmit a verification request to an offer issuer or third party data provider to verify that the transaction is covered by the offer by matching a unique identifier of a product or service purchased in the transaction with a unique identifier specified in the offer;
• (g) when the transaction is verified by the offer issuer to be covered by the offer, make payment for offer settlement to a payment processor to be credited to the consumer's payment account.