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US 2012/0072339 A1Published application
Hybrid account
AssigneeeBay Inc.
InventorEdward Kim
Life of this patent
Estimating the term…
Abstract
A system, according to one embodiment, includes a hybrid account provided by an issuer to a user, the hybrid account having a balance, the balance being either positive, zero, or negative; and a financial instrument including a hybrid card, the hybrid card providing access to the hybrid account, in which transactions using the hybrid card provide interchange income to the issuer, the issuer charges interest to the hybrid account when the balance is negative, and the issuer pays interest to the hybrid account when the balance is positive.
Claims20
A system comprising:
- a processor and a computer-readable medium having computer readable code for instructing the processor to perform a method, the method comprising:
- establishing by the processor a hybrid account that is one consolidated account having attributes according to an extended credit line and having a balance, the balance capable of being one of positive, zero, and negative, and having no billing cycles, wherein the hybrid account is provided by an issuer to a user;
- charging interest by the processor to the hybrid account when the balance is negative, wherein there is no payment due date for a negative balance;
- and
- paying interest to the hybrid account when the balance is positive.
2 more elements
A hybrid card comprising:
- a card body;
- and
- an identifier on the card body that corresponds to a hybrid account so that the hybrid card provides access to the hybrid account, wherein:
- the hybrid account is one consolidated account, having an account balance, the account balance being either positive, zero, or negative, with no billing cycles;
- the hybrid account charges interest on the account balance when the account balance is negative, wherein there is no payment due date for a negative balance;
- and
- the hybrid account pays interest on the account balance when the account balance is positive.
4 more elements
Dependencies are inferred from the claim text.