Method and system for automatically collecting payment for a credit account

US10163081B2 · kind B2 · utility

Assignee

• Capital One Financial Corporation · US

Inventors

• Charles Rosenblatt · Richmond, US
• Tyler Hobbs · Greenbrae, US
• Frank Rotman · Richmond, US

Key dates

• Filing date: May 19, 2014
• Grant date: Dec 25, 2018
• Expiry date: Jun 21, 2037

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/02
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method for automatically collecting payment for a credit account includes determining if a credit account is delinquent and determining the number of days the credit account is delinquent. The method includes automatically collecting a first amount from a first account if the number of days the credit account is delinquent comprises at least a first number of days and crediting the credit account the first amount. The first account may comprise a checking account, and the first number of days may comprise twenty days.