System and method for issuing security deposit guarantees based on credit card accounts

A system for generating a security deposit guarantee, comprising:

• a data storage system storing information relating to an account having an available line of credit and to an agreement;
• and
• a data processing system coupled to said data storage system and operative to receive a request to generate a security deposit guarantee, said request specifying a value to correspond to said security deposit guarantee, said data processing system further operative to process said information relating to said account to determine if said available line of credit can accommodate said value and to generate said security deposit guarantee based on said agreement when said available line of credit can accommodate said value;
• wherein said data processing system is further operative to issue a certificate including said security deposit guarantee.

A system for generating a security deposit guarantee based on an available line of credit corresponding to a credit card account, comprising:

• a data storage system storing information relating to a credit card account belonging to a cardholder and having an available line of credit, and to an agreement, said agreement to being formed between said cardholder and a third party;
• and
• a data processing system coupled to said data storage system and operative to receive a request from said cardholder to establish a security deposit guarantee, said request specifying a value to correspond to said security deposit guarantee, said data processing system further operative to process said information relating to said credit card account to determine if said available line of credit can accommodate said value and to issue said security deposit guarantee based on said agreement when said available line of credit can accommodate said value;
• wherein said data processing system is further operative to issue a certificate including said security deposit guarantee.

A computer-implemented process for issuing a security deposit guarantee, comprising the steps of:

• storing information about a credit card account having an account owner, and an agreement between said account owner and another party;
• receiving a request to issue a security deposit guarantee of a specified value;
• issuing said security deposit guarantee in accordance with said agreement between said account owner and said other party;
• updating said credit card account based on said security deposit guarantee;
• and
• issuing a certificate including said security deposit guarantee.

A computer-implemented process for generating a security deposit guarantee, comprising the steps of:

• storing information about an agreement and a credit card account, said credit card account belonging to a cardholder and having an available line of credit;
• receiving a request to generate a security deposit guarantee, said request specifying a value to correspond to said security deposit guarantee;
• processing said information about said account to determine if said available line of credit can accommodate said value;
• decreasing said available line of credit of said credit card account based on said value;
• generating said security deposit guarantee based on said agreement when said available line of credit can accommodate said value;
• issuing said security deposit guarantee to said cardholder;
• and
• issuing a certificate to said cardholder, said certificate including said security deposit guarantee.

A process for accepting a security deposit guarantee issued by a credit card account issuer, comprising the steps of:

• requesting a security deposit of a specified value;
• and
• receiving a security deposit guarantee in lieu of said security deposit from a cardholder, said security deposit guarantee being secured by an available line of credit corresponding to a credit card account belonging to said cardholder and being maintained by a credit card account issuer;
• wherein said requesting and receiving steps are carried out by a landlord.

A computer-implemented process for obtaining a security deposit guarantee, comprising the steps of:

• establishing a credit card account with a credit card issuer, said credit card account having an available line of credit;
• requesting a security deposit guarantee having a specified value from said credit card issuer, said security deposit guarantee to be generated by said credit card issuer in accordance with an agreement to be formed between a cardholder corresponding to said credit card account and a third party;
• receiving said security deposit guarantee from said credit card issuer, said available line of credit being decreased by said specified value;
• and
• providing said security deposit guarantee to said third party in lieu of a security deposit and in accordance with said agreement.

A system for issuing a security deposit guarantee, comprising:

• a data storage system storing information about a predefined agreement requiring a security deposit;
• and
• a data processing system coupled to said data storage system and operative to receive a request to issue a security deposit guarantee in accordance with said predefined agreement, said request including an agreement identifier identifying said predefined agreement and an account identifier identifying an account, said data processing system further operative to issue said security deposit guarantee in accordance with said predefined agreement, and to cause said account to be updated based on said security deposit guarantee;
• wherein said data processing system is further operative to issue a certificate including said security deposit guarantee.

A computer-implemented process for issuing a security deposit guarantee, comprising the steps of:

• storing information about a predefined agreement requiring a security deposit;
• receiving a request to issue a security deposit guarantee in accordance with said predefined agreement, said request including an agreement identifier identifying said predefined agreement and an account identifier identifying an account;
• issuing said security deposit guarantee in accordance with said predefined agreement;
• causing said account to be updated based on said security deposit guarantee;
• and
• issuing a certificate including said security deposit guarantee.

A computer-implemented method for processing a security deposit guarantee, comprising the steps of:

• retrieving information related to a security deposit guarantee from a data storage device, said security deposit guarantee having been previously issued based on a credit card account owned by a cardholder and in the context of an agreement between said cardholder and another party, said information including a term during which said security deposit guarantee shall be active and a maximum claim value;
• determining from said term if said security deposit guarantee will remain active during a period of time;
• causing a fee to be charged to said credit card account when said security deposit guarantee will remain active during said period of time;
• generating a plurality of termination notices when said security deposit guarantee is determined not to be active during said period of time;
• and
• distributing said plurality of termination notices to said cardholder and to said other party.

A system for processing a security deposit guarantee, comprising:

• a data storage system storing information related to a security deposit guarantee, said information including a term during which said security deposit guarantee shall be active and a maximum claim value, said security deposit guarantee having been previously issued based on a credit card account owned by a cardholder and in the context of an agreement between said cardholder and another party;
• and
• a data processing system coupled to said data storage system and operative to determine from said term if said security deposit guarantee will remain active during a period of time, and to cause a fee to be charged to said credit card account when said security deposit guarantee will remain active during said period of time;
• wherein said data processing system is further operative to generate a plurality of termination notices when said security deposit guarantee is determined not to be active during said period of time, and to cause said plurality of termination notices to be distributed to said cardholder and to said other party.