Back to results
US 7,123,698 B1Granted
Automatic payment system and method
AssigneeCapital One Financial Corporation
InventorsJeremy Clifford, Scott Lee Dalla Valle, Nathan Tad Czyzewski
Life of this patent
Estimating the term…
Abstract
System and method for enrolling in an automatic payment plan using an electronic signature and for granting an account benefit based on the enrollment.
Claims17
An automatic payment method, the method comprising:
- receiving a request from an account holder during a telephone call to enroll in an automatic payment plan for a first account, the automatic payment plan operable so that a payment due for the first account during a billing period is automatically debiting from a second account of the account holder;
- transmitting to the account holder at least one automated signature question via a voice response unit during the telephone call in order to enroll in the automatic payment plan;
- receiving at least one answer to the at least one automated signature question during the telephone call via the voice response unit, the at least one answer constituting a signature needed to enroll in the automatic payment plan;
- verifying that the at least one answer is valid;
- activating the automatic payment plan for the first account if it is determined that the at least one answer is valid;
- and
- determining an account benefit because of the account holder being enrolled in the automatic payment plan, if it is determined that the at least one answer is valid.
4 more elements
An automatic payment method, the method comprising:
- activating a first account during a telephone call from an account holder;
- receiving a request from the account holder during the telephone call to enroll in an automatic payment plan after activating the first account, the automatic payment plan operable so that a payment due for the first account during a billing period is automatically debiting from a second account of the account holder;
- transmitting to the account holder at least one automated signature question via a voice response unit during the telephone call in order to enroll in the automatic payment plan;
- receiving at least one answer to the at least one automated signature question during the telephone call via the voice response unit, the at least one answer constituting a signature needed to enroll in the automatic payment plan;
- verifying that the at least one answer is valid;
- activating the automatic payment plan for the first account if it is determined that the at least one answer is valid;
- and
- determining an account benefit because of the account holder being enrolled in the automatic payment plan, if it is determined that the at least one answer is valid.
5 more elements
Dependencies are inferred from the claim text.