System and Method for Card Processing with Automated Payment of Club, Merchant, and Service Provider Fees
1 Assignment
0 Petitions
Accused Products
Abstract
An apparatus and methods for a card that allows a cardholder to set up auto-charge payment of dues and fees to a series of clubs, merchants or service providers. The card also may be used for other transactions that accept credit cards. The apparatus includes a database containing information of the associated clubs, merchants and service providers, so that applicants and cardholders can easily configure auto-charging for multiple business concerns in one sitting. The apparatus may process auto-charge transactions in an automated fashion without requiring a cardholder to submit payment authorization or the business concern to submit a charge for each payment. Inconvenience and administrative costs to the cardholder and the business concern are reduced. The system and method provide a competitive advantage to the associated business concerns to secure the initial account and then to maintain it. The system and method encourages card loyalty of both the card members and the business concerns to the card provider.
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Citations
19 Claims
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1-8. -8. (canceled)
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9. A computer-implemented method for providing a multiple-service card, the method comprising the steps of:
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receiving, at a service partner system, application data for a multiple service card from an applicant, said application data comprising fields including; general credit card application data, and service partner information, said service partner information related at least in part to membership in the service partner establishment; receiving, at a central server system, a request for access from the service partner system; allowing access by the service partner system to the central server system and receiving application data from the service partner system at the central server system; submitting at least some of the application data to an application processing system;
receiving an evaluation of creditworthiness of the applicant at the central server system from the application processing system; andif credit is extended based on the evaluation of creditworthiness, updating a credit card database to include the applicant, service partner information associated with the applicant; and
applicant identifying data; andestablishing an account associated with the applicant, initiating processing, statementing, billing, accounting, and servicing functions related to said account and causing a multiple service card to be issued to the applicant. - View Dependent Claims (10, 11, 12, 13, 14, 15, 16, 17, 18, 19)
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Specification