Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1997-12-10
2000-03-14
Trammell, James P.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
705 41, 705 42, 705 43, 380 21, 380 25, 380 29, 235379, G06F 1760, G06F15700
Patent
active
060385529
ABSTRACT:
A method and apparatus for executing a transaction using a credit card includes the steps of: maintaining a credit card account associated with the credit card, the credit card account having a credit limit and a transaction balance indicative of an aggregate of previously authorized transaction amounts in a predetermined period; maintaining a cash account associated with the credit card, the cash account having a cash balance; receiving a request for authorization for a new transaction amount against the credit card account in exchange for goods or services; and authorizing the requested transaction amount when the aggregate of the credit limit and cash balance less the transaction balance exceeds the requested transaction amount.
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Fleischl David
Guido John
Hemminger Paul
Nguyen Cuong H.
The Chase Manhattan Bank
Trammell James P.
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