Credit card rental-cost payment method

• US 6,738,751 B1
• Filed: 09/29/1999
• Issued: 05/18/2004
• Est. Priority Date: 09/29/1999
• Status: Expired due to Fees

• Current Assignee: Joseph S. Richiusa
• Original Assignee: Joseph S. Richiusa
• Inventors: Richiusa, Joseph S.
• Primary Examiner(s): CHILCOT, RICHARD E
• Application Number:
  US09/409,310
• Time in Patent Office: 1,693 Days
• Field of Search: 705/4, 705/38, 705/33-37, 705/39, 705/40
• US Class Current: 705/38
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"
• CPC Class Codes: G06Q 20/342 Cards defining paid or billed services or quantities
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/128 Check-book balancing, updating or printing arrangements
• CPC Class Codes: G07F 17/0014 for vending, access and use of specific services not covered anywhere else in G07F17/00 meter-controlled dispensing of liquid, gas or electricity G07F15/00
• CPC Class Codes: G07F 17/42 for ticket printing or like apparatus , e.g. apparatus for dispensing of printed paper tickets or payment cards
• CPC Class Codes: G07F 7/025 by means, e.g. cards, providing billing information at the time of purchase, e.g. identification of seller or purchaser, quantity of goods delivered or to be delivered

Abstract

A method provides for at least potential payment of rental costs by debit from a credit card. A renter'"'"'s credit card program is established by a financial institution or other commercial lending establishment. A renter'"'"'s credit card under that program is issued to a party who has rented or seeks to rent a real estate unit or tangible goods. Rental-transactional authorization is granted under said program to a party who has rented or seeks to rent a real estate unit or tangible goods. Optionally a security deposit or at least one increment of rent payment is transferred under a rental arrangement between these parties by debit on the renter'"'"'s credit card.

Claims

1. A method for the at least potential payment of real estate rental costs comprised of the steps of:

(step

     1) establishment of a renter'"'"'s credit card program by F, wherein F is a financial institution or other commercial lending establishment;

(step

     2) issuance of a renter'"'"'s credit card with a line of credit under said program to T, wherein T is a tenant or a potential tenant;

(step

     3) pre-reserving at least a portion of said line of credit for payment of renter'"'"'s obligations;

(step

     4) granting lessor-transactional authorization under said program to L, wherein L is a real estate landlord or potential landlord; and

(step

     5) optionally the transferring of a security deposit from T to L by debit on the renter'"'"'s credit card; and

(step

     6) optionally transferring of at least one increment of rent payment from T to L by debit on the renter'"'"'s credit card.

2. The method of claim 1 further including the step of F excluding T'"'"'s use of credit by debit on said renter'"'"'s credit card for purposes other than transferring real estate rental security deposits and rent payments.

3. The method of claim 1 further including the step of F excluding use of a predetermined part of credit by debit on said renter'"'"'s credit card for purposes other than transferring real estate rental security deposits and rent payments.

4. The method of claim 1 further including the step of F providing to L credit-approval for the potential future debit of a plurality of future rent payments on said renter'"'"'s credit card.

5. The method of claim 1 further including the step of F locking-up credit for the potential future debit of a plurality of future rent payments on said renter'"'"'s credit card for the benefit of L.

6. A method for the at least potential payment of rental costs comprised of the steps of:

(step a) establishment of a renter'"'"'s credit card program by F, wherein F is a financial institution or other commercial lending establishment;

(step b) issuance of a renter'"'"'s credit card with a line of credit under said program to R₁, wherein R₁ is a party who has rented or seeks to rent X, wherein X is a real estate unit or tangible goods;

(step c) pre-reserving at least a portion of said line of credit for prepayment of renter'"'"'s obligations;

(step d) granting rental-transactional authorization under said program to R₂, wherein R₂ is a party who has rented or seeks to rent X; and

(step e) optionally the transferring of a security deposit from R₁ to R₂ by debit on the renter'"'"'s credit card; and

(step f) optionally transferring of at least one increment of rent payment from R₁ to R₂ by debit on the renter'"'"'s credit card.

7. The method of claim 6 further including the step of F excluding R₁'"'"'s use of credit by debit on said renter'"'"'s credit card for purposes other than transferring rental security deposits and rent payments.

8. The method of claim 6 further including the step of F excluding use of a predetermined part of credit by debit on said renter'"'"'s credit card for purposes other than transferring rental security deposits and rent payments.

9. The method of claim 6 further including the step of F providing to R₂ credit-approval for the potential future debit of a plurality of future rent payments on said renter'"'"'s credit card.

10. The method of claim 6 further including the step of F locking-up credit for the potential future debit of a plurality of future rent payments on said renter'"'"'s credit card for the benefit of R₂.