US 8,554,669 B2 · Method and system for offering a credit product by a credit issuer to a consumer at a point-of sale

Abstract

A method for offering at least one credit product by at least one credit issuer to a consumer at a point-of-sale between a merchant and the consumer. The method includes the steps of: providing a credit issuer data set including a plurality of data fields to a central database; initiating a transaction between the consumer and the merchant at the point-of-sale; offering, to the consumer at the point-of-sale, the at least one credit product; and presenting, to the consumer at the point-of-sale, at least one data field in the credit issuer data set. The at least one data field presented to the consumer is populated with data directed to the credit product, the credit issuer, or any combination thereof. An apparatus and system are also disclosed.

Drawings

Drawings are temporarily unavailable. Open the PDF at USPTO

Drawings

Claims27

Dependent claims

A computer-implemented system, comprising:

a central computing device with a storage mechanism, having instructions which, when executed by a processor mechanism of the central computing device, causes the processor mechanism to:
build a central database including a plurality of data fields;
receive a credit issuer data set from at least one credit issuer including a plurality of data fields for population in the central database;
associate the credit issuer data set with the at least one credit issuer;
and
transmit at least one data field in the credit issuer data set in a form capable of at least partially supporting presentation of at least one credit product offer, by a merchant on an electronic interactive interface of the merchant at an online point-of-sale location, to a consumer using a consumer computing device, wherein the at least one credit product offer is presented to the consumer on the merchant's electronic interactive interface displayed on the consumer computing device;
obtain application input data via the electronic interactive interface of the merchant from the consumer computing device of the consumer applying for the at least one credit product offer, wherein the consumer receives a result on the electronic interactive interface on the consumer computing device;
and
process a transaction at the merchant's online point-of sale location without redirecting the consumer using the consumer computing device from the online point-of-sale location of the merchant such that the merchant maintains control over the consumer at the online point-of-sale location of the merchant at all times during the transaction, as well as during any credit transaction or credit product presentation, application and consummation between the consumer and the at least one credit issuer, while the at least one credit issuer maintains control over the credit issuer data set.

6 more elements

Dependencies are inferred from the claim text.

Description5,649 words

Summary1,584 words

#1. Field of the Invention

#The present invention is related generally to credit systems and consumer/credit issuer relationships and consumer/merchant relationships, and in particular, to a method and system for offering a credit product by a credit issuer to a consumer at a point-of-sale, such as in a person-to-person environment, online environment, etc.

#2. Description of Related Art

Brief description of the drawings6 figures

#FIG. 1 is a schematic view of one embodiment of a method and system for offering at least one credit product by at least one credit issuer to a consumer at a point-of-sale according to the present invention;

#FIG. 2 is a schematic view and illustrative screenshots of another embodiment of a method and system for offering at least one credit product by at least one credit issuer to a consumer at a point-of-sale according to the present invention;

#FIG. 3 is a schematic view and illustrative screenshots of a further embodiment of a method and system for offering at least one credit product by at least one credit issuer to a consumer at a point-of-sale according to the present invention;

Detailed description3,830 words

#It is to be understood that the invention may assume various alternative variations and step sequences, except where expressly specified to the contrary. It is also to be understood that the specific devices and processes illustrated in the attached drawings, and described in the following specification, are simply exemplary embodiments of the invention.

#The present invention is directed to a method and system 10 for use in offering at least one credit product 12 by one or more credit issuers 14 to a consumer 16. In particular, the method and system 10 implement this offer at a point-of-sale between a merchant 18 and the consumer 16. Further, the presently-invented method and system 10 are useful in connection with a variety of credit products, such as credit cards, online credit accounts, debit cards, and other similar credit vehicles. In addition, the method and system 10 of the present invention can be used in connection with a variety and any quantity of credit issuers 14, consumers 16 and merchants 18.

#In particular, the present invention provides a credit issuer data set 20 to a central database 22. The credit issuer data set 20 includes multiple data fields 24. Next, a transaction is initiated between the consumer 16 and the merchant 18 at the point-of-sale. One or more credit products 12 are offered to the consumer 16 at the point-of-sale. Finally, one or more data fields 24 in the credit issuer data set 20 are presented to the consumer 16 at the point-of-sale. These data fields 24, which are presented to the consumer 16, are populated with data directed to the credit product 12 and/or the credit issuer 14.

Facts

Application

11/651,141Filed 9 Jan 2007

Published

US 2008/0167956 A110 Jul 2008

Granted

8 Oct 2013

Term ends

8 Jan 2029

Estimated · how

20 years from earliest known nonprovisional domestic filing plus recorded patent term adjustment, including 730 days of adjustment. Maintenance-fee lapses, terminal disclaimers and statutory extensions have not been checked. The continuity chain may be incomplete; this is not an enforceability determination.

Classification8 codes

G06Q 40/03
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: credit; Loans; Processing thereof
G06Q 20/02
Payment architectures, schemes or protocols: involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
G06Q 20/202
Point-of-sale [POS] network systems: interconnection or interaction of plural electronic cash registers [ECR] or to host computer, e.g. network…
G06Q 30/0215
Discounts or incentives, e.g. coupons or rebates: including financial accounts

Timeline

9 Jan 2007Application filedUS 11/651,141
24 Apr 2007Assigned to I4 Licensing, LLCassignment of assignor's interest
9 Oct 2007Assigned to Bill Me Later, Inc.change of name
9 Oct 2007Assigned to Bill Me Later, Inc.merger
24 Oct 2007Assigned to Citigroup Global Markets Realty Corp.security agreement
10 Jul 2008PublishedUS 2008/0167956 A1
18 Sep 2008Assigned to Citibank, N.A.security agreement
7 Nov 2008Assigned to Bill Me Later, Inc.release of security agreement
8 Oct 2013GrantedUS 8,554,669 B2
23 Jul 2015Assigned to Paypal, Inc.assignment of assignor's interest
3 May 2016Assigned to Ebay Inc.merger
12 Oct 2026TodayWithin its term
8 Jan 2029Term endsEstimated, includes 730 days of adjustment

Method and system for offering a credit product by a credit issuer to a consumer at a point-of sale

Life of this patent

Method and system for offering a credit product by a credit issuer to a consumer at a point-of sale

Life of this patent

Life of this patent

Abstract

Drawings

Drawings

Claims27

Description5,649 words

Drawings

Classification8 codes

Life of this patent

Description5,649 words