Methods and systems for providing a financial account...

Details Methods and systems for providing a financial account... Methods and systems for providing a financial account...

2007-12-04

2007-12-04

Hess, Daniel (Department: 2876)

Registers

Systems controlled by data bearing records

Credit or identification card systems

C705S035000, C705S039000, C705S040000

Reexamination Certificate

active

10929714

ABSTRACT:
Systems and methods are disclosed for providing a financial account. The disclosed systems and methods may include receiving financial transaction data, establishing a balance for the financial account based on the financial transaction data, and charging an amount to the financial account. The amount may comprise a fixed amount that may be the same for all values of the balance. Furthermore, the disclosed systems and methods may include charging an amount to the financial account in which the amount comprises a first fixed amount if the balance is less than or equal to a break-point value and in which the amount comprises a second fixed amount if the balance is greater than the break-point value. The first fixed amount may be the same for all values of the balance less than or equal to the break-point value. And the second fixed amount may be the same for all values of the balance greater than the break-point value.

REFERENCES:
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The New, ‘Unflattened’ Late-Payment Fees,Credit Card Management, Apr. 2002, vol. 15, Issue 1, p. 8.
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“Chase Manhattan Weighs in with a Tiered Interest-Rate Package,”Faulkner&Gray, Inc., Sep. 1, 1992.

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