System and method for offering and providing secured credit card products
First Claim
1. A method for offering and providing a secured credit card product, said method comprising:
- identifying potential customers for a plurality of secured credit card product types;
selecting, from said plurality of secured credit card product types, the type of secured credit card product to offer each potential customer;
sending an offer for the selected secured credit card product to each potential customer, said offer including a stated security deposit and a stated, maximum credit limit that a potential customer may receive for the secured credit card product upon qualification;
receiving each customer response to the offer for the secured credit card product; and
establishing, in response to each received customer response, a customer account for the secured credit card product.
3 Assignments
0 Petitions
Accused Products
Abstract
A system and method is provided for offering and providing secured credit card products. The disclosed systems and method provide a secured credit card product that is offered to a select group of potential customers. The offer may indicate both the required security deposit and the maximum credit limit that the customer may qualify for in exchange for the security deposit. When each customer response to the offer is received, the actual credit limit for the secured credit card is determined based on the individual'"'"'s credit history and other credit-related factors. After determining the credit limit, a customer account is established and the customer is notified of his/her new account. This notification may include providing the new account number, credit limit and other pertinent account information, as well as issuing one or more secured credit cards represented with plastic card-like members.
167 Citations
34 Claims
-
1. A method for offering and providing a secured credit card product, said method comprising:
-
identifying potential customers for a plurality of secured credit card product types; selecting, from said plurality of secured credit card product types, the type of secured credit card product to offer each potential customer; sending an offer for the selected secured credit card product to each potential customer, said offer including a stated security deposit and a stated, maximum credit limit that a potential customer may receive for the secured credit card product upon qualification; receiving each customer response to the offer for the secured credit card product; and establishing, in response to each received customer response, a customer account for the secured credit card product. - View Dependent Claims (2, 3, 4, 5, 23, 24, 25)
-
-
6. A computer program product for offering and providing secured credit card products, the computer program product comprising computer-readable media having computer-readable code, the computer program product comprising the following computer-readable program code for effecting actions in a computing platform:
-
program code for identifying potential customers for a plurality of secured credit card product types; program code for selecting, from said plurality of secured credit card product types, the type of secured credit card product to offer each potential customer; program code for determining an offer for the selected secured credit card product to be sent to each potential customer, said offer including a stated security deposit and a stated;
maximum credit limit that a potential customer may receive for the secured credit card product upon qualification; andprogram code for establishing, in response to each customer response to the offer, a customer account for the secured credit card product. - View Dependent Claims (7, 8, 9, 10, 26, 27, 28)
-
-
11. A system for offering and providing a secured credit card product, said system comprising:
-
means for identifying potential customers for a plurality of secured credit card product types; means for selecting, from said plurality of secured credit card product types, the type of secured credit card product to offer each potential customer; and means for determining an offer for the selected secured credit card product to be sent to each potential customer, said offer including a stated security deposit and a stated, maximum credit limit that a potential customer may receive for the secured credit card product. - View Dependent Claims (12, 13, 14, 15, 16, 29, 30, 31)
-
-
17. A method for offering and providing a plurality of secured credit card product types, said method comprising:
-
selecting, from said plurality of secured credit card product types, the type of secured credit card product to offer each customer; sending an offer for the selected secured credit card product to a list of potential customers, said offer including a stated security deposit and a stated, maximum credit limit that a potential customer may receive for the secured credit card product; receiving each customer response to the offer for the secured credit card product; and establishing, in response to each received customer response, a customer account for the secured credit card product. - View Dependent Claims (18, 19, 20, 21, 22, 32, 33, 34)
-
Specification