System and method for issuing and managing a plurality of...

Details System and method for issuing and managing a plurality of... System and method for issuing and managing a plurality of...

2005-08-26

2009-08-18

Franklin, Jamara A (Department: 2876)

Registers

Systems controlled by data bearing records

Banking systems

C705S038000

Reexamination Certificate

active

07575154

ABSTRACT:
A system and method for issuing and managing a plurality of credit cards are provided. The system and method enables a merchant to sign up customers for their proprietary, e.g., merchant/house, credit card without credit risk to the merchant and then allowing the customers to utilize the proprietary account without carrying the merchant's credit card. The method includes the steps of verifying a first credit card account for an amount of a transaction; retrieving a first customer record from a database using information from the first credit card account; determining if the customer qualifies for a second credit card account; issuing the second credit card account to the customer if the customer qualifies; and charging the amount to the second credit card account, wherein if the customer does not qualify for the second credit card account, charging the amount of the transaction to the first credit card account.

REFERENCES:
patent: 5256863 (1993-10-01), Ferguson et al.
patent: 6144948 (2000-11-01), Walker et al.
patent: 7546266 (2009-06-01), Beirne et al.
patent: 2002/0147669 (2002-10-01), Taylor et al.
patent: 2003/0050850 (2003-03-01), Sesek
patent: 2007/0083400 (2007-04-01), Katz
patent: 2008/0228611 (2008-09-01), Lilly et al.

Affiliated with

Also associated with

Rating

System and method for issuing and managing a plurality of... does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with System and method for issuing and managing a plurality of..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System and method for issuing and managing a plurality of... will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-4081378