Abstract: A system, computer program product and a method of applying rewards to fees in qualifying accounts of a financial institution are provided. The system, computer program product and method ensure that one or more reward accounts of a single account holder or “household” of account holders at the financial institution are qualified to receive a reward, are entitled to receive income other than the reward amount, that the account holder of the account is enrolled to receive one or more service for a service fees from the financial institution and that the fees are entitled to be automatically offset against income earned by the reward accounts during the predetermined cycle. If so, the system, computer program product and method deduct the fees from the sum of earned reward amount and the income other than the reward amount.

Abstract: A system and method of operating a rewards program through a financial institution for granting rewards to customers enrolled in the rewards program wherein the customer receives one or more reward credits in an account associated with the financial institution if the customer meets certain qualification criteria. The method may include determining if the account qualifies for an award credit; assigning a reward credit to the account; receiving purchase information regarding a purchase made at a merchant associated with the customer's account; identifying from the purchase information whether the purchase was made at a qualifying merchant; and applying the reward credit towards the purchase made by the customer at the qualifying merchant by applying a reward credit to the customer's account based upon the business rules applicable to the reward program.

Abstract: A system and method is provided for operating an automated reward system through a financial institution over a network for merchants that have enrolled in the institution's reward program and for users that have a banking account at the institution associated with the reward program. The system includes a transaction module coupled to the institution for managing enrollment in and processing of purchase information associated with the program. The method includes receiving information at the institution about a first purchase by an enrolled user at an enrolled merchant; determining if the first purchase and the user qualified for such merchant's reward program; assigning monetary credit to the user's account in connection with such first purchase which may be applied towards a future purchase by the user at the enrolled merchant; receiving information at the institution about a second purchase by the user at the enrolled merchant; and applying the previous credit toward payment of the second purchase.

Abstract: A system and method of operating a rewards program through a financial institution for granting rewards to customers enrolled in the rewards program wherein the customer receives one or more reward credits in an account associated with the financial institution if the customer meets certain qualification criteria. The method may include determining if the account qualifies for an award credit; assigning a reward credit to the account; receiving purchase information regarding a purchase made at a merchant associated with the customer's account; identifying from the purchase information whether the purchase was made at a qualifying merchant; and applying the reward credit towards the purchase made by the customer at the qualifying merchant by applying a reward credit to the customer's account based upon the business rules applicable to the reward program.