The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Nov. 26, 2019
Filed:
Mar. 13, 2014
Mastercard International Incorporated, New York, NY (US);
John Gamel, Bellevue, WA (US);
Michael Berry, Ballwin, MO (US);
MASTERCARD INTERNATIONAL INCORPORATED, Purchase, NY (US);
Abstract
A computer-implemented method for providing a reward based on a price differential for a product is described. The method is implemented using a computing device in communication with one or more memory devices. The method includes receiving, by the computing device, a reward determination request message including an identification of a first merchant and product data for a product purchased by a cardholder from the first merchant. The method also includes determining a location of the first merchant, determining, using the one or more memory devices, the price differential between a first price for the product from the first merchant and at least a second price for the product from at least a second merchant within a predetermined geographic distance of the first merchant, and applying a reward to a cardholder account associated with the cardholder, wherein the reward is based on the price differential.