Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2007-09-10
2011-12-27
Oyebisi, Ojo O (Department: 3695)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S039000
Reexamination Certificate
active
08086524
ABSTRACT:
One embodiment of the present invention relates to a computer implemented method for transaction processing that includes: transacting for a first and a second transactions for at least one of: a purchase; and a cash advance; sending requests for authorization of the first and second transactions; declining, by a primary lender, the requests for authorization; evaluating the declined requests for authorization by a secondary lender; authorizing, by the secondary lender, the declined requests for authorization in the form of authorization approvals; communicating the authorization approvals by the primary lender; posting the transactions to a balance sheet of the secondary lender in the form of amounts due to the primary lender; funding the transactions by the primary lender; summing up one or more debits and one or more credits of the posted transactions of the secondary lender; and settling any amounts due between the primary and secondary lenders.
REFERENCES:
patent: 5621201 (1997-04-01), Langhans et al.
patent: 5819226 (1998-10-01), Gopinathan et al.
patent: 5870721 (1999-02-01), Norris
patent: 5878403 (1999-03-01), DeFrancesco et al.
patent: 5991750 (1999-11-01), Watson
patent: 6029149 (2000-02-01), Dykstra et al.
patent: 6029154 (2000-02-01), Pettitt
patent: 6119103 (2000-09-01), Basch et al.
patent: 6330546 (2001-12-01), Gopinathan et al.
patent: 6430539 (2002-08-01), Lazarus et al.
patent: 6611816 (2003-08-01), Lebda et al.
patent: 2001/0056399 (2001-12-01), Saylors
patent: 2002/0111901 (2002-08-01), Whitney
patent: 2003/0078877 (2003-04-01), Beirne et al.
patent: 2005/0273406 (2005-12-01), Lebda et al.
patent: 2006/0247975 (2006-11-01), Shapiro et al.
patent: 2008/0255986 (2008-10-01), Scarborough et al.
Bill Me Later; CIT Bank, Salt Lake City, Utah; Copyright 2004-2007 (1 pg) http://www.bill-me-later.com/wss/index.do.
Telecheck; First Data Corporation (2 pgs.) http://www.firstdata.com/product—solutions/payment—solutions/telecheck/index.htm.
Craig Patrick James
Feldman Konrad Simeon
Heller Michael
Laufer Leonard Justin
Sulkowski Nikolas Alexander
Greenberg & Traurig, LLP
Oyebisi Ojo O
LandOfFree
Systems and methods for transaction processing and balance... does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Systems and methods for transaction processing and balance..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Systems and methods for transaction processing and balance... will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-4314280