Visa International Service Association

Vaishali Rao

Derek Vroom

Daniel Eisen Fineman

Christopher Magpayo

Ann T Wang Reed

A system and method configured to provide a mechanism allowing a third party, not involved in a payment transaction made between a merchant and a payment account, to provide a credit to the payment account as an offer benefit redeemed in view of the payment transaction. The mechanism includes a transaction handler of a payment processing network configured to provide transaction information relevant to the offer to the third party. If the third party determines that a qualifying transaction in the payment account is entitled to the benefit, the third party communicates a request, via an application programming interface (API), to a portal of the transaction handler for a credit to the payment account for the payment transaction; if the request is approved, in response, the transaction handler generates a credit transaction for the payment account.

Systems and methods to facilitate the redemption of offer benefits in a form of third party statement credits

A system and method configured to provide a mechanism allowing a third party, not involved in a payment transaction made between a merchant and a payment account, to provide a credit to the payment account as an offer benefit redeemed in view of the payment transaction. The mechanism includes a transaction handler of a payment processing network configured to provide transaction information relevant to the offer to the third party. If the third party determines that a qualifying transaction in the payment account is entitled to the benefit, the third party communicates a request, via an application programming interface (API), to a portal of the transaction handler for a credit to the payment account for the payment transaction; the transaction handler confirms the validity and permissibility of the request based on a set of business rules; if the request is approved, in response, the transaction handler generates a credit transaction for the payment account using a funding source of the third party and store data associating the credit transaction with the qualifying transaction.

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Vaishali Rao