Installment purchase card and related systems and methods for making informed consumer purchases
US7606764B1 · kind B1 · utility
22Cited by
1References
18Claims
0Family size
Inventor
Key dates
| Filing date | Dec 20, 2006 |
| Grant date | Oct 20, 2009 |
| Priority date | — |
| Expiry date | Jan 23, 2027 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/03
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Systems and methods for making installment based credit purchase. A consumer may access a network interface to see how a contemplated purchase will affect their existing obligations on the account under a variety of repayment options. When approving a purchase request from a retailer, the system will determine if the purchase qualifies for installment repayment based on price and type of product/service. If the purchase qualifies and if the consumer's account will support the purchase, the user will be presented with a variety of repayment options. The purchase will be authorized at the selected repayment option.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.