Establishing, modifying, and customizing account-based products

• US 20040143526A1
• Filed: 06/19/2003
• Published: 07/22/2004
• Est. Priority Date: 06/19/2002
• Status: Active Grant

• Current Assignee: Citicorp Credit Services Incorporated (Citigroup Incorporated)
• Original Assignee: Citicorp Credit Services Incorporated (Citigroup Incorporated)
• Inventors: Furr, Julie, Monasterio, Belen, Diamond, Shari Gooen, Temares, Mark
• Granted Patent: US 8,762,237 B2
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

Providing an account-based product. A communications portal is provided and consumer data is received via the portal. At least one derived characteristic, e.g., qualification, is determined contemporaneously from the consumer data. A product set is presented, via the portal, including at least one product determined at least in part by the derived characteristic. A selection from the product set is received via the portal, and at least one product feature, e.g., balance transfer, of at least one selected product is activated contemporaneous with the product selection.

Claims

1. A method for providing an account-based product, the method comprising:

providing a communications portal;

via the portal, receiving consumer data;

determining, contemporaneous with receiving the data, at least one derived characteristic of the consumer using the received data

via the portal;

presenting an account-based product set wherein the product set includes at least one product determined at least in part by the derived characteristic;

receiving at least one selection of a product from the product set;

activating at least one product feature of at least one selected product contemporaneous with the product selection.

2. The method of claim 1 wherein the communications portal is accessible via the Internet.

3. The method of claim 1 wherein the received data includes data sufficient to determine consumer qualification, and the derived characteristic includes qualification.

4. The method of claim 3 wherein qualification includes creditworthiness.

5. The method of claim 1 wherein the product set includes at least one of:

a credit card, a loan, a line of credit, a mortgage.

6. The method of claim 1 further comprising:

via the portal;

presenting a product feature set;

receiving at least one selection of a feature from the feature set;

7. The method of claim 6 wherein the presented feature set includes at least one feature determined at least in part by the derived characteristic.

8. The method of claim 1 further comprising:

via the portal;

presenting a product benefit set;

receiving at least one selection of a benefit from the benefit set.

9. The method of claim 8 wherein the presented benefit set includes at least one benefit determined at least in part by the derived characteristic.

10. The method of claim 1 further comprising:

via the portal;

presenting a add-on product set;

receiving at least one selection of an add-on product

11. The method of claim 10 wherein the presented add-on product set includes at least one add-on product determined at least in part by the derived characteristic.

12. The method of claim 1 further comprising:

via the portal;

presenting a personalization feature set;

receiving at least one selection of a personalization feature.

13. The method of claim 1 further comprising receiving data on at least one comparative offer.

14. The method of claim 13 wherein the comparative offer was made to the consumer by a party other than the party offering the account based product.

15. The method of claim 14 further comprising:

via the portal;

presenting a revised product set based at least in part on the comparative offer.

16. The method of claim 1 wherein the activated product feature includes balance transfer.

17. The method of claim 1 wherein the activated product feature includes credit activation for a purchase.

18. The method of claim 16 wherein the purchase is a future purchase.

19. The method of claim 16 wherein the purchase is a contemporaneous with the product selection.

20. The method of claim 1 wherein activation is via the communication portal.

21. A method for providing an account-based product, the method comprising:

providing a communications portal accessible via the Internet;

via the portal, receiving consumer data sufficient to determine consumer creditworthiness;

determining, contemporaneous with receiving the data, at least one derived characteristic of the consumer using the received data, wherein the derived characteristic includes creditworthiness;

via the portal;

presenting an account-based product set wherein the product set includes at least one product determined at least in part by the derived characteristic, and wherein the product set includes at least one of;

a credit card, a loan, a line of credit, a mortgage;

receiving data on at least one comparative offer;

wherein the comparative offer was made to the consumer by a party other than the party offering the account based product;

presenting a revised product set based at least in part on the comparative offer;

receiving at least one selection of a product from the product set;

presenting a product feature set, wherein the presented feature set includes at least one feature determined at least in part by the derived characteristic;

receiving at least one selection of a feature from the feature set;

presenting a product benefit set, wherein the presented benefit set includes at least one benefit determined at least in part by the derived characteristic;

receiving at least one selection of a benefit from the benefit set;

presenting a add-on product set, wherein the presented add-on product set includes at least one add-on product determined at least in part by the derived characteristic;

receiving at least one selection of an add-on product

activating at least one product feature of at least one selected product contemporaneous with the product selection, wherein the activated product feature includes at least one of;

balance transfer, credit activation for a purchase contemporaneous with product selection;

credit activation for a future purchase, and wherein activation is via the Internet.