Healthcare Card Closed Loop Network System

• US 20070007335A1
• Filed: 12/29/2005
• Published: 01/11/2007
• Est. Priority Date: 07/08/2005
• Status: Active Grant

• Current Assignee: Liberty Peak Ventures, LLC (Dominion Harbor Enterprises, LLC)
• Original Assignee: American Express Company
• Inventors: Pincock, Shari, Sachdev, Sunil, Jagatic, Jason, Reynders, Todd, Kalappa, Ahana, Cracchiolo, Christopher, Keck, Mark
• Granted Patent: US 7,434,729 B2
• Time in Patent Office: Days
• US Class Current: 235/380
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A method comprises the steps of: receiving, at a host computer, a request from a provider for payment for a charge incurred by a purchaser; identifying a plurality of funding sources of the purchaser from which to draw funds for payment of the charge; and causing at least one of the plurality of funding sources to be debited for at least a portion of the purchasing amount of said item based on said payment authorization.

Claims

1. A computer-implemented method to facilitate a purchase utilizing a plurality of funding sources, comprising the steps of:

receiving, at a host computer, a request from a provider for payment for a charge incurred by a purchaser;

identifying a plurality of funding sources of the purchaser from which to draw funds for payment of the charge; and

causing at least one of the plurality of funding sources to be debited for at least a portion of the purchasing amount of said item based on said payment authorization.

2. A method according to claim 1, further comprising:

determining whether the charge qualifies for payment of a discounted amount.