METHOD AND APPARATUS FOR PROVIDING AND PROCESSING INSTALLMENT PLANS AT A TERMINAL
First Claim
Patent Images
1. A method, comprising:
- receiving, by a central controller in communication with at least one seller and comprising at least one processor, a purchase price of a transaction and a financial account identifier specifying a financial account used for the transaction;
transmitting, by the central controller, at least one installment plan option for the transaction;
receiving, by the central controller, a selection signal indicative of acceptance, by a user associated with the financial account, of one of the at least one installment plan options;
determining, by the central controller, an installment charge amount;
determining, by the central controller, a plurality of individual charges, each individual charge being for a respective purchase price of a purchase applied to the financial account; and
generating, by the central controller, a bill for the financial account, the bill including at least one installment charge amount, the at least one installment charge amount including the determined installment charge amount.
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Abstract
According to some embodiments, a central controller receives a selection signal indicative of acceptance of an installment plan option for a transaction. The central controller determines an installment charge amount to include in at least two bills for a financial account. Thereafter, bills may be generated that reflect installment charges to be paid.
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Citations
20 Claims
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1. A method, comprising:
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receiving, by a central controller in communication with at least one seller and comprising at least one processor, a purchase price of a transaction and a financial account identifier specifying a financial account used for the transaction; transmitting, by the central controller, at least one installment plan option for the transaction; receiving, by the central controller, a selection signal indicative of acceptance, by a user associated with the financial account, of one of the at least one installment plan options; determining, by the central controller, an installment charge amount; determining, by the central controller, a plurality of individual charges, each individual charge being for a respective purchase price of a purchase applied to the financial account; and generating, by the central controller, a bill for the financial account, the bill including at least one installment charge amount, the at least one installment charge amount including the determined installment charge amount. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A non-transitory computer readable medium storing instructions configured to direct a computing device to perform:
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receiving, by a central controller in communication with at least one seller and comprising at least one processor, a purchase price of a transaction and a financial account identifier specifying a financial account used for the transaction; transmitting, by the central controller, at least one installment plan option for the transaction; receiving, by the central controller, a selection signal indicative of acceptance, by a user associated with the financial account, of one of the at least one installment plan options; determining, by the central controller, an installment charge amount; determining, by the central controller, a plurality of individual charges, each individual charge being for a respective purchase price of a purchase applied to the financial account; and generating, by the central controller, a bill for the financial account, the bill including at least one installment charge amount, the at least one installment charge amount including the determined installment charge amount. - View Dependent Claims (13)
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14. An apparatus, comprising:
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a processor; and a storage device operatively coupled to the processor, the storage device containing instructions configured to direct the processor to perform; receiving a purchase price of a transaction and a financial account identifier specifying a financial account used for the transaction; transmitting at least one installment plan option for the transaction; receiving a selection signal indicative of acceptance, by a user associated with the financial account, of one of the at least one installment plan options; determining an installment charge amount; determining a plurality of individual charges, each individual charge being for a respective purchase price of a purchase applied to the financial account in one charge; and generating a bill for the financial account, the bill including at least one installment charge amount, the at least one installment charge amount including the determined installment charge amount. - View Dependent Claims (15, 16, 17, 18, 19, 20)
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Specification