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System and method for administering spend driven rebatesRelated Patent Categories: Data Processing: Financial, Business Practice, Management, Or Cost/price Determination, Automated Electrical Financial Or Business Practice Or Management Arrangement, Distribution Or Redemption Of Coupon, Or Incentive Or Promotion ProgramSystem and method for administering spend driven rebates description/claimsThe Patent Description & Claims data below is from USPTO Patent Application 20070073588, System and method for administering spend driven rebates. Brief Patent Description - Full Patent Description - Patent Application Claims
REFERENCE TO RELATED APPLICATION [0001] This application is a continuation-in-part of U.S. Ser. No. 10/608,764 filed Jun. 27, 2003 and entitled "System and Method for Web Access to Financial Data", which itself claims priority to U.S. Provisional Patent Application Ser. No. 60/468,495 filed on May 6, 2003, the entire contents of which are incorporated herein by reference. FIELD OF INVENTION [0002] The present invention generally relates to rebates, and more particularly, to a system and method for managing corporate client rebates based on spend at participating service establishments, along with related reporting functions. BACKGROUND OF THE INVENTION [0003] In recent years, the financial services industry has experienced an increase in the level of competition as the financial services market has expanded globally. This has meant that financial services providers must strive to attract and retain new clients and attract service partners through building a strong value proposition. For a financial services company offering consumer and/or business Lines of Credit (LOC) account, the company must seek new methods and opportunities to provide incentives in order to persuade a potential client to select their LOC account over that offered by another account issuer. Such incentives may include, for example, bonus rewards, discounts, rebates, and the like. [0004] Corporate card consumers are a valued customer base because they historically produce a higher average Record of Charges (ROC), and are thus a highly sought after market segment. Traditional rewards programs are directed to the individual cardmember regardless of whether the card is associated with a LOC account of an individual or a corporation. For example, it a common policy for corporations to allow their employees to accumulate and retain rewards such as frequent flier miles, even when the charge card used to pay for the flight was a corporate charge card. Thus, traditional rewards programs may be effective in persuading individual cardmembers to obtain and utilize a specific charge card; however, such programs are less likely to influence corporate cardmembers who simply utilize the charge card issued by their employer. Therefore, a strong need exists for a system and method that enables service establishments to enter into a partnership with a LOC account provider to offer negotiated savings to corporations, and in return, benefit from incremental revenue and valuable corporate card spend. SUMMARY OF THE INVENTION [0005] The invention includes a system and method which enables mid-market corporate clients (clients) to receive annual cash rebates based on the volume of cardmember spend at participating Service Establishment (SE) partners. The system also provides clients with an aggregate summary of Point of Sale (POS) savings, as well as any rewards accumulated at the corporate level. By automating the cash rebate and reporting functionality, the system enables the client to earn corporate benefits without additional effort and expenditure resulting from, for example, redemption of coupons or redemption codes. [0006] The system also provides the aforementioned benefits to a corporate client rather than to individual cardmembers, thereby revealing the value of participation in any number of savings programs directly to the decision maker of the corporation. More specifically, the system provides the client with monetary savings on everyday business items and/or services, while reporting the savings directly to the client. The system encourages brand loyalty to card products, while driving spend at participating SEs. The system processes and reports on all client savings in order to accomplish these goals. [0007] The system further facilitates the provisioning of any variety of offers representing a negotiated savings among any number of SEs. The system processes transactions to calculate savings based on spend and provides rebates to clients in order to enhance the value proposition. The offer types made available through the system may include, for example, POS saving, point accumulation, cash rebates based on all cardmember spend, cash rebates on incremental year-to-year spend, and cash rebates based on a baseline with criteria predefined by the participating SE. [0008] The SE is provided with a report of activity from clients including transaction level detail, if requested, in order to better maintain the relationship with the SE. BRIEF DESCRIPTION OF THE DRAWINGS [0009] The accompanying drawings, wherein like reference numerals represent like elements, are incorporated in and constitute a part of this specification and, together with the description, explain the advantages and principles of the invention. In the drawings, [0010] FIG. 1 is a schematic diagram of an exemplary system for providing on-line account data; [0011] FIG. 2 is a schematic diagram of exemplary components of computers and servers used in the system; [0012] FIG. 3 is a flow chart of an exemplary method to provide on-line account data; [0013] FIG. 4 is a diagram of an exemplary web page for submitting an on-line request for account data; [0014] FIG. 5 is a diagram of an exemplary web page for providing on-line account data; [0015] FIG. 6 is a diagram illustrating an example of a web page for a user to log into the system; [0016] FIG. 7 is a diagram illustrating an example of a detailed web page for submitting an on-line request for account data; and [0017] FIG. 8 is a diagram illustrating an example of a web page for providing on-line account data. DETAILED DESCRIPTION [0018] The detailed description of exemplary embodiments herein makes reference to the accompanying drawings, which show the exemplary embodiment by way of illustration and its best mode. While these exemplary embodiments are described in sufficient detail to enable those skilled in the art to practice the invention, it should be understood that other embodiments may be realized and that logical and mechanical changes may be made without departing from the spirit and scope of the invention. Thus, the detailed description herein is presented for purposes of illustration only and not of limitation. For example, the steps recited in any of the method or process descriptions may be executed in any order and are not limited to the order presented. Moreover, any of the functions or steps may be outsourced to or performed by one or more third parties. Furthermore, any reference to singular includes plural embodiments, and any reference to more than one component may include a singular embodiment. Continue reading about System and method for administering spend driven rebates... Full patent description for System and method for administering spend driven rebates Brief Patent Description - Full Patent Description - Patent Application Claims Click on the above for other options relating to this System and method for administering spend driven rebates patent application. ###  How KEYWORD MONITOR works... a FREE service from FreshPatents1. Sign up (takes 30 seconds). 2. Fill in the keywords to be monitored. 3. Each week you receive an email with patent applications related to your keywords. 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