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:
Apr. 13, 2021
Filed:
Dec. 22, 2017
Peter Rhee, San Mateo, CA (US);
Edmar Soriano, Newark, CA (US);
Alexander Campbell, Daly City, CA (US);
Peter Rhee, San Mateo, CA (US);
Edmar Soriano, Newark, CA (US);
Alexander Campbell, Daly City, CA (US);
VISA INTERNATIONAL SERVICE ASSOCIATION, San Francisco, CA (US);
Abstract
A systems of servers and algorithms allows merchants to refund value, for example, for refunds on returned goods or for other customer satisfaction reasons. The system receives the request for credit from a merchant refund session as well as a target financial instrument associated with the customer receiving the credit. The system then creates a specialized monitor for the customer's transactions to identify transactions made with that merchant and applies the previously credited funds for purchases made at the merchant. These credits may be made in real time at the register during a purchase or via a statement credit. The credit may also be applied to partner brands associated with the merchant by expanding the scope of the monitor.