Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2008-04-30
2009-12-08
Cheung, Mary (Department: 3694)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S034000, C705S040000
Reexamination Certificate
active
07630937
ABSTRACT:
A method for performing a financial transaction that includes identifying a plurality of payment options associated with a payer executing the financial transaction, wherein each of the plurality of payment options is linked to a financial account of the payer, obtaining cost data and benefit data for each of the plurality of payment options, wherein the cost data includes a cost of using the payment option for the financial transaction and the benefit data includes a benefit of using the payment option for the financial transaction, selecting a preferred payment option from the plurality of payment options for the financial transaction based on the cost data and the benefit data, and processing the financial transaction using the preferred payment option to obtain a transaction confirmation.
REFERENCES:
patent: 2002/0026394 (2002-02-01), Savage et al.
patent: 2008/0005021 (2008-01-01), Brown et al.
Richard J. Sullivan, Risk Managament and Nonbank Participation in the U.S. Retail Payments System, Second Quarter 2007, Economic Review-Federal Reserve Bank of Kansas City, v92, n2, p. 5-40.
Mo See Yew
Power Michael
Subramanian Harish Krishnan
Badii Behrang
Cheung Mary
Intuit Inc.
Osha • Liang LLP
LandOfFree
Method and system for processing a financial transaction does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Method and system for processing a financial transaction, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Method and system for processing a financial transaction will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-4098966