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CREDIT CONTROL SYSTEM

  • US 3,719,927 A
  • Filed: 12/28/1970
  • Issued: 03/06/1973
  • Est. Priority Date: 12/28/1970
  • Status: Expired due to Term
First Claim
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1. A credit control system comprising:

  • a memory for storing customer account identification symbols, credit status symbols, credit limit symbols and accumulated balance symbols;

    first means for loading into the memory said customer account identification symbols, credit status symbols, credit limit symbols and accumulated balance symbols;

    coincidence means for comparing a generated customer account identification symbol to be checked with thE customer account identification symbols stored in said memory, said coincidence means producing signals indicating the presence or absence in the memory of said generated customer account identification symbol;

    second means, responsive to the absence of said customer account identification symbol in said memory, for comparing a purchase amount symbol associated with said generated symbol with a preselected credit limit to determine whether the purchase amount symbol associated with said generated symbol exceeds the preselected credit limit;

    third means, responsive to a determination that said purchase amount symbol associated with said generated symbol does not exceed said preselected limit, for loading said memory with said generated customer identification symbol, an appropriate status symbol and said purchase amount symbol associated with said generated symbol;

    fourth means, responsive to the presence of said generated customer account identification symbol in said memory, for determining whether the status of the generated symbol is restricted;

    fifth means, responsive to a proper status determination by said fourth means, for determining whether the sum of the accumulated balance associated with said generated symbol, and the purchase amount exceeds the credit limit for said generated symbol; and

    sixth means, responsive to a proper determination by said fifth means, for loading said memory with the sum of the accumulated balance and current purchase amount for said generated symbol customer account.

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