Method, apparatus, and program for customizing credit accounts
DCFirst Claim
Patent Images
1. A data processing apparatus for pricing a credit account having at least one customer specified credit parameter, comprising:
- a central controller including a CPU and a memory operatively connected to said CPU; and
at least one terminal, adapted for communicating with said central controller, for transmitting the credit parameter to said central controller;
said memory in said central controller containing a program, adapted to be executed by said CPU, for calculating a price for a credit account having the credit parameter;
wherein said central controller receives the credit parameter from said terminal and calculates the price for the account based upon the credit parameter.
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Abstract
An apparatus, method, and program for customizing credit accounts and calculating an appropriate price for this customization. Customers with existing credit accounts and customers applying for new accounts can customize various parameters of their accounts, in exchange for a fee to be collected by the credit issuer. The fee may depend on the particular set of parameters selected by the customer.
435 Citations
48 Claims
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1. A data processing apparatus for pricing a credit account having at least one customer specified credit parameter, comprising:
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a central controller including a CPU and a memory operatively connected to said CPU; and at least one terminal, adapted for communicating with said central controller, for transmitting the credit parameter to said central controller; said memory in said central controller containing a program, adapted to be executed by said CPU, for calculating a price for a credit account having the credit parameter; wherein said central controller receives the credit parameter from said terminal and calculates the price for the account based upon the credit parameter. - View Dependent Claims (2, 3, 4)
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5. A method of pricing a credit account having at least one customer specified credit parameter using a central controller including a CPU and a memory operatively connected to said CPU and containing a program adapted to be executed by said CPU for calculating the price of an account, and a terminal adapted for communicating with said central controller, the method comprising the steps of:
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inputting the credit parameter to the central controller via the terminal; executing the program to calculate, based on the credit parameter, a price for a credit account having the credit parameter; and outputting the calculated price from the controller to the terminal. - View Dependent Claims (6, 7)
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8. A data processing apparatus for pricing a credit account having at least one customer specified credit parameter, comprising:
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a CPU; a memory operatively connected to said CPU, said memory containing a program, adapted to be executed by said CPU, for receiving the credit parameter and calculating a price for a credit account having the credit parameter; and input/output apparatus, operatively connected to at least one of said memory and said CPU, for input of the credit parameter and for output of the price. - View Dependent Claims (9, 10, 11, 12, 13, 14, 15)
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16. A method of pricing a credit account having at least one customer specified credit parameter using a CPU and a memory operatively connected to said CPU and containing a program, adapted to be executed by said CPU, for calculating a price, the method comprising the steps of:
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receiving the credit parameter; executing the program in the CPU for calculating a price for a credit account having the credit parameter; and outputting the price. - View Dependent Claims (17)
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18. A method of pricing a credit account having at least one customer specified credit parameter, the method comprising the steps of:
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receiving the credit parameter; calculating a price for a credit account having the credit parameter; and outputting the price. - View Dependent Claims (19, 20, 21, 22, 23, 24, 25)
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26. Computer executable process steps, stored on a computer readable medium, for pricing a credit account having at least one customer specified credit parameter, comprising:
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a step to receive the credit parameter; a step to calculate the price of a credit account having the credit parameter; and a step to output the price. - View Dependent Claims (27, 28)
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29. A method of obtaining a price of a credit account having at least one customer specified credit parameter, the method comprising the steps of:
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communicating to a pricing entity an inquiry on a price for a credit account having the credit parameter; and receiving from the pricing entity a price quote for a credit account having the credit parameter. - View Dependent Claims (30, 31)
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32. A method of obtaining a price of a credit account having at least one customer specified credit parameter, the method comprising the steps of:
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communicating to a pricing entity an inquiry on a price for a credit account having the credit parameter, said entity provided with a CPU and a memory operatively connected to said CPU, said memory containing a program, adapted to be executed by said CPU, for receiving the credit parameter and calculating a price for a credit account having the credit parameter based on the credit parameter; and receiving from the pricing entity a price quote for a credit account having the credit parameter.
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33. A data processing apparatus for pricing a credit account having at least one customer specified credit parameter, comprising:
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a terminal adapted to communicate with a central controller, wherein the central contains a CPU and a memory operatively connected to the CPU, the memory containing a program, adapted to be executed by the CPU, for receiving the credit parameter and calculating a price based on the credit parameter for a credit account having the credit parameter, wherein said terminal is adapted to transmit the credit parameter to the central controller, and further adapted to receive the price from the central controller. - View Dependent Claims (34, 35)
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36. A data processing apparatus for pricing a credit account having at least one customer specified credit parameter, comprising:
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a CPU; a memory operatively connected to said CPU, said memory containing a program, adapted to be executed by said CPU, for receiving the customer specified credit parameter and an account identifier that specifies an existing credit account, for retrieving existing credit parameters including a credit balance for the existing credit account, and for calculating a price for converting the existing credit account by changing at least one of the existing credit parameters to match the customer specified credit parameter, wherein the price calculation is based on the customer specified credit parameter and the existing credit parameters; and input/output apparatus, operatively connected to at least one of said memory and said CPU, for input of the customer specified credit parameter and for output of the price. - View Dependent Claims (37, 38, 39, 40)
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41. A method of pricing a credit account having at least one customer specified credit parameter, the method comprising the steps of:
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receiving the customer specified credit parameter and an account identifier that specifies an existing credit account; retrieving existing credit parameters including a credit balance for the existing credit account; calculating a price for converting the existing credit account by changing at least one of the existing credit parameters to match the customer specified credit parameter, wherein the price calculation is based on the customer specified credit parameter and the existing credit parameters; and outputting the price. - View Dependent Claims (42, 43, 44, 45)
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46. A method of obtaining new terms for a credit account comprising the steps of:
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providing an account identifier that specifies an existing credit account having existing parameters including a credit balance; providing at least one desired credit parameter; and receiving a price for converting the parameters of the existing credit account by changing at least one of the existing parameters to match the desired credit parameter. - View Dependent Claims (47, 48)
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Specification