Method and apparatus for processing financial transactions subject to different financing terms

US8682757B2 · kind B2 · utility

Assignee

• American Express Travel Related Services Company, Inc. · US

Inventors

• Julia Menichilli · Manhasset, US
• Marq Williams · New York, US
• Marla Flatbush · Mesa, US

Key dates

• Filing date: Aug 25, 2004
• Grant date: Mar 25, 2014
• Expiry date: Aug 9, 2030

Classification

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

Abstract

A financial payment vehicle, such as a charge or credit card, provides lower financing terms on purchases that meet specified criteria (i.e. a minimum threshold transaction amount, a purchase from a particular industry or at particular merchants, and/or other enrollment qualifications) and further provides standard financing terms for purchases that do not meet the criteria.