Pre-existing liability payment and reward system and method of use
First Claim
1. A pre-existing liability payment and reward system (10) comprising:
- a user communication module (12) in operative communication with each of a user (42), a pre-existing tax liability holder (14), and a merchant (16) associated therewith, wherein the user (42) owes a pre-existing liability (60) to the pre-existing tax liability holder (14), wherein the pre-existing tax liability holder (14) holds the pre-existing liability (60) that is a financial liability owed by the user (42) to the pre-existing liability holder (14) because of pre-existing relationship between the pre-existing liability holder (14) and the user (42), and wherein the pre-existing liability holder (14) has a plurality of pre-existing liability holder user accounts (40), with each respective pre-existing liability holder user account (40) including the the pre-existing liability (60) and wherein the user communication module (12) is in communication with a system provider (52) that provides credit to the user (42) and facilitates collection and payment of funds and rewards;
a merchant communication module (18) in communication with the merchant (16) that operates to transact with the user communication module (12) in operative communication with the user communication module (12) and a processing communication module (20) associated therewith, wherein the merchant (16) offers for sale, exchange, or barter, goods or services (46) to the user (42), and accepts a credit card as a form of payment for the goods or services (46);
said processing communication module (20) provided by a processing entity (50) that operates to communicate with the merchant communication module (18), and a processing calculation module (30) that processes information received from the merchant (16);
a provider calculation module (24) that operates to determine a reward resulting from information from the processing entity (50), wherein the processing entity (50) receives transaction information from the merchant communication module (18) resulting from a transaction (28) between the user (42) and the merchant (16) and is in operative communication with a provider communication module (22);
the provider communication module (22) in communication with the system provider (52) and in operative communication with each of the provider calculation module (24), and a system communication module (34);
a system calculation module (36) operates to determine a reward based on in received from the processing calculation module (30) resulting from the transaction (28) between the user (42) and the merchant (16) and is in operative communication with the system communication module (34);
the system communication module (34) in operative communication with each of the system calculation modules (36) and a holder communication module (38);
a holder calculation module (32) manages each pre-existing liability holder user account (40)and reduces the user'"'"'s (42) at least one pre-existing liability (60) by an amount corresponding to an amount of the reward and in operative communication with the holder communication module (38); and
the holder communication module (38) in operative communication with each of the user communication module (12) and the system communication module (34), wherein the holder communication module (38) communicates with the user communication module (12) to notify the user (42) of the reduction of the at least one pre-existing liability (60) owed by the user (42) to the pre-existing liability holder (14), andwherein each of the user communication module (12), merchant communication module (18), processing communication module (20), provider communication module (22), provider calculation module (24), system communication module (34), system calculation module (36), holder calculation module (32), and holder communication module (38) includes a combination of hardware and software for processing or evaluating input data into or stored within each respective module.
1 Assignment
0 Petitions
Accused Products
Abstract
A pre-existing liability payment and reward system including a user communication module in communication with a pre-existing liability holder; a merchant communication module that transacts with the user communication module and a processing communication module; a processing communication module that communicates with the merchant communication module and a provider communication module; a provider calculation module that determines a reward; a provider communication module in communication with the provider calculation module; a system calculation module that determines a reward and communicates with a system communication module; a system communication module in communication with a system calculation module; a holder calculation module managing a pre-existing liability holder user account; and a holder communication module in communication with a user communication module and the system communication module. A method of use is also provided.
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Citations
20 Claims
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1. A pre-existing liability payment and reward system (10) comprising:
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a user communication module (12) in operative communication with each of a user (42), a pre-existing tax liability holder (14), and a merchant (16) associated therewith, wherein the user (42) owes a pre-existing liability (60) to the pre-existing tax liability holder (14), wherein the pre-existing tax liability holder (14) holds the pre-existing liability (60) that is a financial liability owed by the user (42) to the pre-existing liability holder (14) because of pre-existing relationship between the pre-existing liability holder (14) and the user (42), and wherein the pre-existing liability holder (14) has a plurality of pre-existing liability holder user accounts (40), with each respective pre-existing liability holder user account (40) including the the pre-existing liability (60) and wherein the user communication module (12) is in communication with a system provider (52) that provides credit to the user (42) and facilitates collection and payment of funds and rewards; a merchant communication module (18) in communication with the merchant (16) that operates to transact with the user communication module (12) in operative communication with the user communication module (12) and a processing communication module (20) associated therewith, wherein the merchant (16) offers for sale, exchange, or barter, goods or services (46) to the user (42), and accepts a credit card as a form of payment for the goods or services (46); said processing communication module (20) provided by a processing entity (50) that operates to communicate with the merchant communication module (18), and a processing calculation module (30) that processes information received from the merchant (16); a provider calculation module (24) that operates to determine a reward resulting from information from the processing entity (50), wherein the processing entity (50) receives transaction information from the merchant communication module (18) resulting from a transaction (28) between the user (42) and the merchant (16) and is in operative communication with a provider communication module (22); the provider communication module (22) in communication with the system provider (52) and in operative communication with each of the provider calculation module (24), and a system communication module (34); a system calculation module (36) operates to determine a reward based on in received from the processing calculation module (30) resulting from the transaction (28) between the user (42) and the merchant (16) and is in operative communication with the system communication module (34); the system communication module (34) in operative communication with each of the system calculation modules (36) and a holder communication module (38); a holder calculation module (32) manages each pre-existing liability holder user account (40)and reduces the user'"'"'s (42) at least one pre-existing liability (60) by an amount corresponding to an amount of the reward and in operative communication with the holder communication module (38); and the holder communication module (38) in operative communication with each of the user communication module (12) and the system communication module (34), wherein the holder communication module (38) communicates with the user communication module (12) to notify the user (42) of the reduction of the at least one pre-existing liability (60) owed by the user (42) to the pre-existing liability holder (14), and wherein each of the user communication module (12), merchant communication module (18), processing communication module (20), provider communication module (22), provider calculation module (24), system communication module (34), system calculation module (36), holder calculation module (32), and holder communication module (38) includes a combination of hardware and software for processing or evaluating input data into or stored within each respective module. - View Dependent Claims (2, 3, 4, 5)
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6. A method of using a pre-existing liability payment and reward system (10) comprising:
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establishing a rewards program (82); enrolling, a pre-existing tax liability holder (14) in the rewards program, wherein the pre-existing tax liability holder (14) holds at least one pre-existing liability (60) that is a financial liability owed by a user (42) to the pre-existing tax liability holder (14) because of a pre-existing relationship between the pre-existing tax liability holder (14) and the user (42), and wherein the pre-existing tax liability holder (14) has a plurality of pre-existing liability holder user accounts (40), with each respective pre-existing liability holder user account (40) including, the at least one pre-existing liability (60); enrolling the user (42) in the rewards program using one or more modules that include a combination of hardware and software for processing or evaluating input data into or stored within each respective module wherein the user (42) receives credit from a system provider (52) that provides credit and facilitates collection and payments of funds and rewards; transacting for goods or services (46) in a transaction (28) between the user (42) and the merchant (16) wherein the merchant (16) offers for sale, exchange, or barter, goods or services (46) to the user (42), and accepts credit from the user (42) as a form of payment for the goods or services (46); providing rewards to the pre-existing liability holder (14) resulting from information received from a processing entity (50) as calculated by a system provider calculation module (24) based on the transaction (28) between the user (42) and the merchant (16) at a predetermined time after the transaction (28) for goods or services (46) is completed; and using a holder calculation module (32) to manage each pre-existing liability holder user accounts (40); and
to reduce the at least one pre-existing liability (60) in the pre-existing liability holder user accounts (40) by an amount corresponding to an amount of the rewards. - View Dependent Claims (7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17)
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18. A method of using a pre-existing liability payment and reward system (10) comprising:
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establishing a rewards program (82); enrolling a pre-existing liability holder (14) in the rewards program, wherein the pre-existing liability holder (14) holds at least one pre-existing liability that is a financial liability owed by a user (42) to the pre-existing liability holder (14) because of a pre-existing relationship between the pre-existing liability holder (14) and the user (42) that existed prior to the user'"'"'s enrollment in the rewards program, and wherein the pre-existing liability holder (14) has a plurality of pre-existing liability holder user accounts (40), with each respective pre-existing liability holder user account (40) including the at least one pre-existing liability; enrolling the user (42) in the rewards program using one or more modules, wherein the user (42) receives credit from a system provider (52) that provides credit and facilitates collection and payments of funds and rewards; transacting for goods or services (46) in a transaction (28) between the user (42) and a merchant (16) wherein the merchant (16), offers for sale, exchange, or barter, goods or services (46) to the user (42), and accepts the credit from user (42) provided by the system provider (52) as a form of payment for the goods or services (46); providing rewards to the pre-existing liability holder (14) resulting from information received from a processing entity(50) as calculated by a system provider calculation module (24) based on the transaction (28) between the user (42) and the merchant (16) at a predetermined time after the transaction (28) for goods or services (46) is completed; and using the holder calculation module (32) to manage each pre-existing liability holder user accounts (40); and
to reduce the pre-existing liability (60) in the pre-existing liability holder user accounts (40) by an amount corresponding to an amount of the rewards. - View Dependent Claims (19, 20)
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Specification