System and method for issuing security deposit guarantees based on credit card accounts
US6208978A · kind A · utility
Assignee
Inventors
Key dates
| Filing date | Sep 18, 1997 |
| Grant date | Mar 27, 2001 |
| Priority date | — |
| Expiry date | Sep 18, 2017 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/03
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and process for issuing a security deposit guarantee includes and involves a data storage system storing information about a credit card account having an account owner, and an agreement between the account owner and another party. Also included and involved is a data processing system coupled to the data storage system that is operative to receive a request to issue a security deposit guarantee of a specified value, to issue the security deposit guarantee in accordance with agreement between the account owner and the other party, and to update the credit card account based on the security deposit guarantee. The system and process also manage a claim that subsequently may be made against the security deposit guarantee by the other party.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.