System and method for providing extra lines of credit
2 Assignments
0 Petitions
Accused Products
Abstract
A system and method for upgrading existing credit cards with additional lines of credit is disclosed. Credit information associated with customers holding credit cards issued by a credit card issuer are analyzed to determine a level of risk associated with each customer. One or more extra line of credit may be established for selected customers based on the determined level of risk associated with each customer. Each extra credit line may be exclusively associated with a selected set of vendors that have a partnership agreement with the credit card issuer. The credit card issuer may allow customers to select vendors to be associated with the extra credit line or may automatically choose vendors for selected customers. Customers with established extra credit lines may purchase goods and/or service directly from vendor sites or at the credit card issuer'"'"'s web sites. Purchases at selected vendor sites may be automatically applied to a customer'"'"'s newly established extra credit line. Additionally, a customer may choose to apply purchases to their extra credit lines or their primary line of credit
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Citations
57 Claims
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1-10. -10. (canceled)
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11. A method for processing credit card transactions, comprising:
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receiving transaction information associated with a customer attempting to perform a transaction at a vendor site using a credit card issued from a credit card issuer;
determining whether the customer has an extra line of credit associated with the credit card based on the transaction information;
determining whether the vendor is associated with the credit card issuer based on the transaction information;
determining whether the vendor is associated with the customer'"'"'s extra line of credit based on the transaction information; and
applying the transaction to the extra line of credit when it is determined that the customer does have an extra line of credit and the vendor is associated with the credit card issuer. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
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23-43. -43. (canceled)
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44. A computer-readable medium including instructions for performing a method, when executed by a processor, for processing credit card transactions, comprising:
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receiving transaction information associated with a customer attempting to perform a transaction at a vendor site using a credit card issued from a credit card issuer;
determining whether the customer has an extra line of credit associated with the credit card based on the transaction information;
determining whether the vendor is associated with the credit card issuer based on the transaction information;
determining whether the vendor is associated with the customer'"'"'s extra line of credit based on the transaction information; and
applying the transaction to the extra line of credit when it is determined that the customer does have an extra line of credit and the vendor is associated with the credit card issuer. - View Dependent Claims (45, 46, 47, 48, 49, 50, 51, 52)
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53. A system for processing credit card transactions, comprising:
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means for receiving transaction information associated with a customer attempting to perform a transaction at a vendor site using a credit card issued from a credit card issuer;
means for determining whether the customer has an extra line of credit associated with the credit card based on the transaction information;
means for determining whether the vendor is associated with the credit card issuer based on the transaction information;
means for determining whether the vendor is associated with the customer'"'"'s extra line of credit based on the transaction information; and
means for applying the transaction to the extra line of credit when it is determined that the customer does have an extra line of credit and the vendor is associated with the credit card issuer. - View Dependent Claims (54, 55, 56)
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57-84. -84. (canceled)
Specification