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1. WO2007086999 - SYSTEM AND METHOD FOR FACILITATING COMMERCIAL TRANSACTIONS

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[ EN ]

1. A method of facilitating a reward program for buying club members comprising the steps of:
a) forming a buying club including club members, merchants and financial institutions; b) monitoring transactions between club members and merchants and financial institutions by a data clearinghouse;
c) providing said data clearinghouse with purchase detail information from a merchant when a club member makes a purchase at a participating merchant;
e) said purchase detail information includes item by item discounts on purchases and said merchant authorizes said data clearinghouse to obtain a club member refund from said financial institution; and,
f) providing said club member with a statement from said data clearinghouse which includes discounts.
2. The method of facilitating a reward program for buying club members as set forth in claim 1 , further comprising the step of:
providing said merchant with a statement from said data clearinghouse.
3. The method of facilitating a reward program for buying club members as set forth in claim 1, wherein:
when a club member makes a purchase, said club member uses a card having a machine readable indicia thereon to purchase items.

4PπfcΦlϊe'''ftielfi6'd:::bPFacilitating a reward program for buying club members as set forth in claim 3, wherein:
said merchant scans said card through a scanning device which transmits club member information to said financial institution for purchase authorization.
5. The method of facilitating a reward program for buying club members as set forth in claim 1 , further comprising the step of:
transmitting purchase authorization information from said club member to said financial institution using a cellular telephone.
6. The method of facilitating a reward program for buying club members as set forth in claim 1 , further comprising the step of:
transmitting purchase detail information from said merchant to said data clearinghouse.

7. A method of operating a reward program for a buying club, comprising the steps of; a) creating a reward program group of at least one participating merchant and at least one financial institution and a data clearinghouse;
b) enrolling at least one customer as a buying club member and providing said club member with a buying club account;
c) initiating a purchase by a club member at said participating merchant using buying club account;
d) obtaining authorization for said purchase from said financial institution;
e) transmitting purchasing information from said financial institution to said data clearinghouse which records said purchasing information;
f) said purchasing information includes item identifiers so that purchased products and services can be identified;

IpikrisMMllf a¥I|uest for a discount amount from said data clearinghouse to said merchant;
h) calculating the total discount of said purchase by said data clearinghouse;
i) invoicing by said data clearinghouse from said merchant for the total discount;
j) sending to said data clearinghouse from said financial institution payment of the invoice amount;
k) wherein, upon receipt of said payment, said data clearinghouse applies a credit to said club member's account.
8. The method of operating a reward program for a buying club as set forth in claim 7, wherein;
providing a buying club member with an account includes providing said club member with a debit card.
9. The method of operating a reward program for a buying club as set forth in claim 7, wherein;
providing a buying club member with an account includes providing said club member with a credit card.
10. The method of operating a reward program for a buying club as set forth in claim 7, wherein;
providing a buying club member with an account includes providing said club member with a personal identification number.
11. The method of operating a reward program for a buying club as set forth in claim. 10, further comprising the step of;
using a cellular telephone to provide account information to said financial institution.


a reward program for a buying club as set forth in claim 7, further comprising the step of;
using an card scanning device to transmit account information to said financial institution.
13. A system for facilitating a reward program for buying club members comprising: a) a buying club including club members, merchants and financial institutions;
b) a data clearinghouse server for recording transaction data between club members and merchants and financial institutions;
c) a merchant server for transmitting transaction data to said data clearinghouse server wherein said transaction data includes purchase detail information from a merchant when a club member makes a purchase at a participating merchant;
d) said purchase detail information includes item by item discounts on purchases;
e) said data clearinghouse server calculates refund information and authorizes said data clearinghouse to obtain a club member refund from said financial institution; and,
f) said data clearinghouse server produces a statement from said data clearinghouse to said club member identifying said refund information.
14. The system for facilitating a reward program for buying club members as set forth in claim 13, further comprising:
a card having a machine readable indicia thereon for use by a club member to purchase items.
15. The system of facilitating a reward program for buying club members as set forth in claim 14, further comprising:
transmits club member information to said financial institution for purchase authorization.
16. The system of facilitating a reward program for buying club members as set forth in claim 13, further comprising:
a cellular phone for transmitting purchase authorization information from said club member to said financial institution.
17. The system facilitating a reward program for buying club members as set forth in claim 13, wherein:
said purchase detail information includes an item by item list of purchased products.
18. The system facilitating a reward program for buying club members as set forth in claim 17, wherein:
discount amounts are determined from said purchase detail information on an item by item basis.
19. The system facilitating a reward program for buying club members as set forth in claim 17, wherein:
said purchase detail information is provided to participating merchants.