×

Systems and methods for providing a separate interest rate for an individual transaction

  • US 10,445,825 B2
  • Filed: 12/05/2017
  • Issued: 10/15/2019
  • Est. Priority Date: 09/09/2014
  • Status: Active Grant
First Claim
Patent Images

1. A system for providing a service associated with an account, the system comprising:

  • one or more memory devices storing instructions; and

    one or more processors configured to execute the instructions to perform operations comprising;

    maintaining the account associated with a customer and a client device, the account comprising a first account balance and a first interest rate;

    determining whether the account is eligible for a separate interest rate service offer based on a first offer activation criteria, the first offer activation criteria being associated with the separate interest rate service offer, and the separate interest service rate offer being associated with a second interest rate different from the first interest rate;

    if it is determined that the account is eligible for a separate interest rate service offer;

    receiving, from the client device, location information of the client device;

    determining, based on the received location information, that the client device is at a merchant location;

    providing to the client device, via a communication network, a notification for display in a user interface in the client device, the notification identifying the separate interest rate service offer as being available for application to a transaction to be completed at a merchant associated with the merchant location;

    providing to the client device, via the communication network, a list of previously-completed transactions for display in the user interface in the client device;

    receiving a separate interest rate selection from the client device, the separate interest rate selection comprising;

    an indication of an acceptance of the separate interest rate service offer applied to a transaction to be completed at the merchant, anda selection of a first one of the previously-completed transactions to which the second interest rate is to be applied in response to user input via the user interface;

    determining, based on the separate interest rate selection, a second account balance to which the second interest rate is to be applied;

    generating a first data structure for the first account balance and a second data structure for the second account balance, the first data structure being different from the second data structure; and

    maintaining the first data structure and the second data structure separately.

View all claims
  • 3 Assignments
Timeline View
Assignment View
    ×
    ×