Method for using different billing cycles for point of sale transactions
First Claim
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1. A method for electronically transferring at least one point of sale (POS) transaction from a first billing cycle to at least one second billing cycle in an account, said method comprising:
- a. electronically providing by a computer said account, wherein said account is used by an end user to purchase goods and services from merchants, thereby providing said at least one POS transaction, and wherein said account comprises said at least one credit balance, said first billing cycle, said at least one second billing cycle, and said at least one POS transaction;
b. electronically posting by a computer said at least one POS transaction to said first billing cycle; and
,c. properly electronically transferring by a computer said at least one POS transaction from said first billing cycle to said at least one second billing cycle, wherein said at least one POS transaction is electronically posted to said at least one second billing cycle;
wherein said POS transaction would ordinarily and properly electronically post to said first billing cycle;
wherein said at least one second billing cycle occurs after said first billing cycle; and
wherein electronically transferring said at least one POS transaction from said first billing cycle to said at least one second billing cycle changes when payment of said at least one POS transaction is due to the provider of said account to a later date.
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Abstract
The present invention provides for flexibility regarding the posting of point of sale transactions to particular billing cycles within an account. Embodiments comprise posting a point of sale transaction to a first billing cycle and then transferring the point of sale transaction to a second billing cycle, whereas a variation first selects a billing cycle and then posts the point of sale transaction to the selected billing cycle.
3 Citations
43 Claims
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1. A method for electronically transferring at least one point of sale (POS) transaction from a first billing cycle to at least one second billing cycle in an account, said method comprising:
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a. electronically providing by a computer said account, wherein said account is used by an end user to purchase goods and services from merchants, thereby providing said at least one POS transaction, and wherein said account comprises said at least one credit balance, said first billing cycle, said at least one second billing cycle, and said at least one POS transaction; b. electronically posting by a computer said at least one POS transaction to said first billing cycle; and
,c. properly electronically transferring by a computer said at least one POS transaction from said first billing cycle to said at least one second billing cycle, wherein said at least one POS transaction is electronically posted to said at least one second billing cycle; wherein said POS transaction would ordinarily and properly electronically post to said first billing cycle;
wherein said at least one second billing cycle occurs after said first billing cycle; and
wherein electronically transferring said at least one POS transaction from said first billing cycle to said at least one second billing cycle changes when payment of said at least one POS transaction is due to the provider of said account to a later date. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
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23. A method for electronically selecting at least one second billing cycle in an account for posting at least one point of sale (POS) transaction, said method comprising:
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a. electronically providing by a computer said account, wherein said account is used by an end user to purchase goods and services from merchants, thereby providing said at least one POS transaction, and wherein said account comprises said at least one credit balance, a first billing cycle, said at least one second billing cycle, and said at least one POS transaction; b. properly electronically selecting by a computer said at least one second billing cycle for posting said at least one POS transaction; and c. electronically posting by a computer said at least one POS transaction to said at least one second billing cycle; wherein said POS transaction would ordinarily and properly electronically post to said first billing cycle;
wherein said at least one second billing cycle occurs after said first billing cycle; and
wherein electronically selecting said at least one second billing cycle for posting said at least one POS transaction changes when payment of said at least one POS transaction is due to the account provider to a later date. - View Dependent Claims (24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43)
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Specification