×

Multiple credit card management system

  • US 20050097039A1
  • Filed: 11/05/2003
  • Published: 05/05/2005
  • Est. Priority Date: 11/05/2003
  • Status: Abandoned Application
First Claim
Patent Images

1. A method for coordinating the management of credit between an Internet user and a plurality of lending institutions via the Internet, comprising the steps of:

  • receiving account information on at least one credit account from the plurality of lending institutions or the Internet user;

    storing the account information in a database;

    receiving selection criteria from the Internet user specifying conditions under which each of the at least one credit account is authorized to be used;

    receiving from a merchant a request for authorization of a transaction;

    processing the request including selecting one of the at least one credit account to be used for the transaction;

    transmitting the account information corresponding to the selected account to the lending institution associated with the selected account;

    receiving an authorization status from the lending institution;

    selecting a different account to request authorization from the lending institution associated with the selected account if the authorization status is a denial; and

    transmitting the authorization status to the merchant.

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