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Method and apparatus for providing and processing installment plans at a terminal

  • US 8,566,199 B2
  • Filed: 02/21/2012
  • Issued: 10/22/2013
  • Est. Priority Date: 03/21/1997
  • Status: Expired due to Fees
First Claim
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1. A method, comprising:

  • receiving, by a central controller in communication with at least one seller and comprising at least one processor, a purchase price of a purchase and a financial account identifier specifying a financial account;

    offering, by the central controller to a purchaser, at least one installment plan offer for the purchase;

    receiving, by the central controller, a selection signal indicative of acceptance of one of the at least one installment plan offer;

    determining, by the central controller, an installment charge amount to include in at least two generated bills for the financial account;

    determining, by the central controller, a plurality of individual charges, each individual charge being for a respective purchase price of a purchase applied to the financial account in one charge; and

    generating, by the central controller, a bill for the financial account, the bill including;

    the plurality of individual charges for the respective purchase prices, andat least one installment charge amount, the at least one installment charge amount including the determined installment charge amount.

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