Debt cancellation mechanism
US8255301B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Aug 22, 2007 |
| Grant date | Aug 28, 2012 |
| Priority date | — |
| Expiry date | Oct 29, 2028 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/08
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method of debt cancellation is described. Occurrence data representative of an occurrence of a triggering event on a customer is received. A current benefit amount associated with the customer is determined, and a current amount of debt in the account of the customer is determined. A determination is made as to whether the current amount of debt in the account of the customer is less than the current benefit amount associated with the customer. The current amount of debt in the account of the customer may then be canceled to zero, and a new current benefit amount associated with the customer is maintained as the difference between the current benefit amount and the current amount of debt in the account of the customer prior to canceling.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.