Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1996-12-03
1999-09-07
MacDonald, Allen R.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
705 35, G06F 1760
Patent
active
059501790
ABSTRACT:
A computer-implemented method for issuing a credit card to a customer who has difficulty qualifying for unsecured credit or who requests a secured credit card. A card request input is received indicating that a customer has made a request for a credit card, and, in response, a credit card account with an initial credit limit is created for the customer. The initial credit limit is stored by computer. A credit card us issued to the customer before receipt of an indication of a deposit to a savings account to secure the credit card. A balance of the savings account is periodically monitored by computer for an initial deposit, and a new credit limit is computed when the initial deposit has been made.
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Buchanan William B.
Greiner Dawn E.
Johnston Charles S.
Van Duinen Roger J.
Irshadullah M.
MacDonald Allen R.
Providian Financial Corporation
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