Capped bill systems, methods and products

• US 20040122764A1
• Filed: 03/27/2002
• Published: 06/24/2004
• Est. Priority Date: 03/27/2002
• Status: Abandoned Application

• Current Assignee: Pittsburgh Technology Licensing Corporation
• Original Assignee: Pittsburgh Technology Licensing Corporation
• Inventors: Bilski, Bernie, Warsaw, Rand A., McLaughlin, Jim, Lewis, Laura S., Kishlock, Teresa, Parmar, Vijay
• Application Number:
  US10/108,089
• Publication Number:
  US 20040122764A1
• Time in Patent Office: Days
• US Class Current: 705/40
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A method of providing one of a good or a service to at least one entity at one of a payment, rate, or price that is capped at a pre-determined amount. The method includes producing an offer for the entity, wherein the offer represents at least one of a capped maximum payment, a capped maximum rate, a capped maximum usage, a capped maximum consumption, or a capped maximum price amount. The method also includes providing the good or service to the entity at one of a payment, rate, or price that may fluctuate, wherein the payment, rate, or price cannot exceed the capped maximum payment, capped maximum rate, capped maximum usage, capped maximum consumption, or capped maximum price amount.

Claims

1. A method of providing one of a good or a service to at least one entity at one of a payment, rate, or price that is capped at a pre-determined amount, comprising:

producing an offer for the entity, wherein the offer represents at least one of a capped maximum payment, a capped maximum rate, a capped maximum usage, a capped maximum consumption, or a capped maximum price amount; and

providing the good or service to the entity at one of a payment, rate, or price that may fluctuate, wherein the payment, rate, or price cannot exceed the capped maximum payment, capped maximum rate, capped maximum usage, capped maximum consumption, or capped maximum price amount.

2. The method of claim 1, further comprising building a model that profiles the entity based on a plurality of data regarding the entity.

3. The method of claim 1, further comprising constructing a model of risk relating to the entity.

4. The method of claim 1, further comprising processing the plurality of data regarding the entity.

5. The method of claim 1, wherein the entity is selected from the group consisting of a consumer, a broker, a marketer, an originator, an aggregator, and a wholesaler.

6. The method of claim 1, further comprising producing a profile that represents the type and weighting of entities likely to accept the offer.

7. The method of claim 1, further comprising tracking one of an actual payment, an actual rate, or an actual price of the good or service.

8. The method of claim 1, further comprising tracking one of consumption or rates of the good or service by the entity.

9. The method of claim 1, further comprising tracking whether the offer is accepted by the entity.

10. The method of claim 1, further comprising one of purchasing at least one risk management instrument or selling at least one risk management instrument.

11. The method of claim 1, wherein the good or service is a money lending service.

12. The method of claim 1, wherein the good or service is an energy product.

13. The method of claim 1, further comprising providing a refund to the entity.

14. A capped bill calculation system, comprising:

a data input module in communication with a data storage medium for receiving data from at least one entity; and

a capped bill offer generation module for generating an offer, wherein the offer offers one of a good or a service at a price that may fluctuate, and wherein an actual price of the good or service cannot exceed the maximum amount.

15. The system of claim 14, wherein the data storage medium includes a database.

16. The system of claim 14, further comprising a risk module in communication with the data storage medium for developing a strategy for purchasing at least one risk instrument that is used to offset a risk associated with offering one of a good or service at a price that is capped at a maximum amount.

17. The system of claim 14, further comprising a data cleaning module in communication with the data storage medium for correcting inaccuracies relating to the data.

18. The system of claim 14, further comprising an acceptance tracking system in communication with the data storage medium for tracking whether the entity has accepted the offer.

19. The system of claim 14, further comprising a report generation module in communication with the data storage medium.

20. The system of claim 14, further comprising a reconciliation module in communication with the data storage medium.

21. The system of claim 14, wherein the risk module includes an individual risk module and an aggregate risk module.

22. The system of claim 14, wherein the good or service is a money lending service.

23. The system of claim 14, wherein the good or service is an energy product.

24. A computer-readable medium having stored thereon instructions which, when executed by a processor, cause the processor to:

produce an offer for an entity, wherein the offer represents at least one of a capped maximum payment, a capped maximum rate, a capped maximum usage, a capped maximum consumption, or a capped maximum price amount; and

provide one of a good or service to the entity at one of a payment, rate, or price that may fluctuate, wherein the payment, rate, or price cannot exceed the capped maximum payment, capped maximum rate, capped maximum usage, capped maximum consumption, or capped maximum price amount.

25. An apparatus, comprising:

means for producing an offer for an entity, wherein the offer represents at least one of a capped maximum payment, a capped maximum rate, a capped maximum usage, a capped maximum consumption, or a capped maximum price amount; and

means for providing one of a good or service to the entity at one of a payment, rate, or price that may fluctuate, wherein the payment, rate, or price cannot exceed the capped maximum payment, capped maximum rate, capped maximum usage, capped maximum consumption, or capped maximum price amount.

26. A method of providing an energy product to a consumer at a payment that is capped at a predetermined amount, comprising:

producing an offer for the consumer, wherein the offer represents a capped maximum payment; and

providing the energy product to the consumer at a payment that may fluctuate, wherein the payment cannot exceed the capped maximum payment.

27. A method of providing a financial product to a consumer at one of a payment or a rate that is capped at a predetermined amount, comprising:

producing an offer for the consumer, wherein the offer represents one of a capped maximum payment or a capped maximum rate; and

providing the financial product to the consumer at one of a payment or a rate that may fluctuate, wherein the payment or rate cannot exceed the capped maximum payment or the capped maximum rate.