Apparatus and method for facilitating credit transactions
OwnerJames B. Glaserinventor
Life of this patent
Estimating the term…
Abstract
An apparatus and method of facilitating a credit transaction between a user and a merchant provides a rebate amount that is directed to an investment vehicle. To that end, the method and apparatus receive information indicating that the user is to make a credit transaction with the merchant, and determine a rebate amount for the user for that credit transaction. The rebate amount thus is a function of the credit transaction. Accordingly, as noted above, at least a portion of the rebate amount is directed to be invested in an investment vehicle.
Claims24
A method of facilitating a credit transaction between a user and a merchant, the method comprising:
- receiving information indicating that the user is to make a credit transaction with the merchant;
- determining a rebate amount for the user, the rebate amount being a function of the credit transaction;
- and
- directing that at least a portion of the rebate amount be invested in an investment vehicle without being commingled with rebate amounts of other users before being invested in the investment vehicle.
An apparatus for facilitating a credit transaction between a user and a merchant, the apparatus comprising:
- an input for receiving information indicating that the user is to make a credit transaction with the merchant;
- logic for determining a rebate amount for the user, the logic for determining being responsive to the received information, the rebate amount being a function of the credit transaction;
- and
- an investment module operatively coupled with the logic for determining, the investment module directing that at least a portion of the rebate amount be invested in an investment vehicle without being commingled with rebate amounts of other users before being invested in the investment vehicle.
A computer program product for use on a computer system for facilitating a credit transaction between a user and a merchant, the computer program product comprising a computer usable medium having computer readable program code thereon, the computer readable program code comprising:
- program code for receiving information indicating that the user is to make a credit transaction with the merchant;
- program code for determining a rebate amount for the user, the rebate amount being a function of the credit transaction;
- and
- program code for directing that at least a portion of the rebate amount be invested in an investment vehicle without being commingled with rebate amounts of other users before being invested in the investment vehicle.
A computer program product for use on a computer system for facilitating a credit transaction between a user and a merchant, the computer program product comprising a computer usable medium having computer readable program code thereon, the computer readable program code comprising:
- program code for receiving information indicating that the user is to make a credit transaction with the merchant;
- program code for determining a rebate amount for the user, the rebate amount being a function of the credit transaction;
- and
- program code for directing that at least a portion of the rebate amount be invested in an investment vehicle selected by the user.
A computer program product for use on a computer system for facilitating a credit transaction between a user and a merchant, the computer program product comprising a computer usable medium having computer readable program code thereon, the computer readable program code comprising:
- program code for receiving information indicating that the user is to make a credit transaction with the merchant;
- program code for determining a rebate amount for the user, the rebate amount being a function of the credit transaction;
- and
- program code for directing that at least a portion of the rebate amount be invested in an investment vehicle, wherein the investment vehicle is within a retirement account.
Dependencies are inferred from the claim text.