System and method for card processing with automated payment of club, merchant, and service provider fees
First Claim
1. A computer-implemented method for providing a multiple-service card, the method comprising the steps of:
- receiving, at a service partner system, application data for a multiple service card from an applicant, said application data comprising fields including;
general credit card application data, andservice partner information, said service partner information related at least in part to membership in a service partner club;
receiving, at a central server system, a request for access from the service partner system;
allowing access by the service partner system to the central server system and receiving application data from the service partner system at the central server system;
submitting at least some of the application data to an application processing system;
evaluating creditworthiness of the applicant in order to accept or deny an application;
updating a credit card database with at least the application data in response to the step of evaluating, the credit card database storing account data and service partner data for a credit processing system; and
issuing the multiple-service card to the applicant based on at least the application data stored at the credit card database.
1 Assignment
0 Petitions
Accused Products
Abstract
An apparatus and methods for a card that allows a cardholder to set up auto-charge payment of dues and fees to a series of clubs, merchants or service providers. The card also may be used for other transactions that accept credit cards. The apparatus includes a database containing information of the associated clubs, merchants and service providers, so that applicants and cardholders can easily configure auto-charging for multiple business concerns in one sitting. The apparatus may process auto-charge transactions in an automated fashion without requiring a cardholder to submit payment authorization or the business concern to submit a charge for each payment. Inconvenience and administrative costs to the cardholder and the business concern are reduced. The system and method provide a competitive advantage to the associated business concerns to secure the initial account and then to maintain it. The system and method encourages card loyalty of both the card members and the business concerns to the card provider.
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Citations
12 Claims
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1. A computer-implemented method for providing a multiple-service card, the method comprising the steps of:
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receiving, at a service partner system, application data for a multiple service card from an applicant, said application data comprising fields including; general credit card application data, and service partner information, said service partner information related at least in part to membership in a service partner club; receiving, at a central server system, a request for access from the service partner system; allowing access by the service partner system to the central server system and receiving application data from the service partner system at the central server system; submitting at least some of the application data to an application processing system; evaluating creditworthiness of the applicant in order to accept or deny an application; updating a credit card database with at least the application data in response to the step of evaluating, the credit card database storing account data and service partner data for a credit processing system; and issuing the multiple-service card to the applicant based on at least the application data stored at the credit card database. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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Specification