Financial transaction card with installment loan feature
US6793131B2 · kind B2 · utility
77Cited by
5References
36Claims
0Family size
Assignee
Inventor
Key dates
| Filing date | Apr 25, 2001 |
| Grant date | Sep 21, 2004 |
| Priority date | — |
| Expiry date | Dec 25, 2021 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/02
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
There is provided a financial transaction payment method and system for processing a transaction conducted using a financial transaction card. The financial transaction card has associated therewith a financial account in a financial institution and one or more transaction criteria. The financial transaction payment system includes a processing unit and an application program for execution on the processing unit. The method includes the step of determining by the application program whether a transaction activates an installment loan on the financial account based on the one or more transaction criteria.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.