Insurance claim payment card system
First Claim
1. A method for facilitating the disbursement of claim payments, comprising the steps of:
- (a) receiving from an insurance provider a request to issue a bill-on-redemption card account loaded with a value corresponding to at least a portion of a dollar value of a claim;
(b) issuing a bill-on-redemption card and corresponding account loaded with a value corresponding to at least a portion of said dollar value of the claim;
(c) receiving purchase information relating to a purchase, wherein the purchase is made using the card associated with the bill-on-redemption card account, and wherein the purchase information includes a purchase price, and;
(d) deducting at least a portion of the purchase price from the value in the bill-on-redemption card account.
4 Assignments
0 Petitions
Accused Products
Abstract
A system for the adjudication of insurance claims, such as automobile repair claims, by an insurance provider is provided. A claim submitted by a policyholder is received is received by the insurance provider. The claim is assigned to an insurance adjuster. The insurance provider receives a determination of a dollar value of the claim from the adjuster, and uses this information to determine how much money to disburse to the policyholder. The insurance provider then issues an account funded with the dollar value of the claim to the policyholder, accessible by the policyholder through a card. As the card is used, the insurance provider collects purchase information, such as information relating to the date, place, and amount of each purchase made on the account. The insurance provider may then collate the purchase information in a database and analyze the data for mathematically significant trends and relationships.
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Citations
20 Claims
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1. A method for facilitating the disbursement of claim payments, comprising the steps of:
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(a) receiving from an insurance provider a request to issue a bill-on-redemption card account loaded with a value corresponding to at least a portion of a dollar value of a claim; (b) issuing a bill-on-redemption card and corresponding account loaded with a value corresponding to at least a portion of said dollar value of the claim; (c) receiving purchase information relating to a purchase, wherein the purchase is made using the card associated with the bill-on-redemption card account, and wherein the purchase information includes a purchase price, and; (d) deducting at least a portion of the purchase price from the value in the bill-on-redemption card account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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Specification