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System and method for ensuring payment for sold or leased equipment

  • US 6,968,998 B2
  • Filed: 12/18/2002
  • Issued: 11/29/2005
  • Est. Priority Date: 12/18/2002
  • Status: Expired due to Fees
First Claim
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1. A method for automatically rendering unusable operating functions of a machine in a user'"'"'s custody, associated with a credit account, and having a system comprising (i) a controller having a code generator and a disabling program for activating a shut-down sequence;

  • and (ii) an interface for entering a re-set code to set a new interval;

    the method comprising;

    (a) activating the disabling program to initiate a preselected interval associated with the credit account so that the machine will become disabled after the preselected interval if a re-set code generated by the code generator is not entered;

    (b) upon a paid status of the credit account, releasing a remote re-set code to match the re-set code generated by the code generator from a location remote from the machine, the remote re-set code being generated at the remote location from a count corresponding to a tracked predetermined parameter and being transmitted to the remote location;

    (c) entering the remote re-set code into the interface to set a next interval;

    (d) receiving identifying information of the user at the remote location and confirming the identity of the user at the remote location before releasing the remote re-set code; and

    ,(e) repeating steps (b)–

    (d) to keep the machine operational.

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