Default proof credit card method system
Patent 4718009 Issued on January 5, 1988. Estimated Expiration Date: 
May 31, 2005. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.
May 31, 2005. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.Patent ReferencesData storage and retrieval system Method and system for determining interest rates Securities brokerage-cash management system Securities brokerage-cash management system Funds transfer system using optically coupled, portable modules Automatic transaction system Patent #: 4590365 InventorAssigneeApplicationNo. 06/739690 filed on 05/31/1985US Classes:705/38, Credit (risk) processing or loan processing (e.g., mortgage)705/4Insurance (e.g., computer implemented system or method for writing insurance policy, processing insurance claim, etc.)ExaminersPrimary: Smith, JerryAssistant: Meyer, Charles B. Attorney, Agent or FirmInternational ClassesG06Q 40/00 (20060101)G07F 7/08 (20060101) G07F 7/00 (20060101) AbstractA method and system for credit card issuers with cardholders that own insurance policies with surrender cash values in them. The method and system include the use of computerized and information storage systems for obtaining information storage systems for obtaining information from each participating cardholder. The system uses this information to compute a line of credit that is transmitted to the participating bank that issue the conventional cards. Since the system has an assignment of the equity of each policy, it can extend the line of credit with virtually no risk of default. | |
