US6038552A
Expired / Lapsed
US
⏱️ 0.0 years remaining
Method and apparatus to process combined credit and debit card transactions
Assignee: JPMorgan Chase Bank NA
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Filing: 1997-12-10
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Granted: 2000-03-14
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Expires: 2017-12-10
Abstract
Abstract A method and apparatus for executing a transaction using a credit card includes the steps of: maintaining a credit card account associated with the credit card, the credit card account having a credit limit and a transaction balance indicative of an aggregate of previously authorized transaction amounts in a predetermined period; maintaining a cash account associated with the credit card, the cash account having a cash balance; receiving a request for authorization for a new transaction amount against the credit card account in exchange for goods or services; and authorizing the requested transaction amount when the aggregate of the credit limit and cash balance less the transaction balance exceeds the requested transaction amount.
Inventors
- 👤 David Fleischl
- 👤 Paul Hemminger
- 👤 John Guido
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-11-09 12:58
CPC Classifications
G; G07; G07F; G07F7/00; G07F7/08; G06; G06Q; G06Q20/00; G06Q20/04; G06Q20/08; G06Q20/10; G06Q20/105; G06Q20/108; G06Q20/1085; G06Q20/18; G06Q20/20; G06Q20/38; G06Q20/40; G06Q20/403; G06Q20/4037
Claims Analysis
Total Claims: 28
Claim 1
Independent Claim
115 words
A method for executing a transaction using a credit card, comprising the steps of: maintaining a credit card account associated with the credit card, the credit card account having a credit limit and the credit card having a transaction balance indicative of an aggregate of previously authorized transaction amounts in a predetermined period; maintaining a cash account associated with the credit card, the cash account having a cash balance; receiving a request for authorization for a new transaction amount against the credit card account in exchange for goods or services; and authorizing the requested transaction amount when the aggregate of the credit limit and cash balance less the transaction balance exceeds the requested transaction amount.
Claim 2
Independent Claim
115 words
A method for executing a transaction using a credit card, comprising the steps of: maintaining a credit card account associated with the credit card, the credit card account having a credit limit and the credit card having a transaction balance indicative of an aggregate of previously authorized transaction amounts in a predetermined period; maintaining a cash account associated with the credit card, the cash account having a cash balance; receiving a request for authorization for a new transaction amount against the credit card account in exchange for goods or services; and authorizing the requested transaction amount when the aggregate of the credit limit and cash balance less the transaction balance exceeds the requested transaction amount.
Claim 3
Dependent Claim
37 words
The method of claim 1, further comprising the step of automatically transferring cash from the cash account to the credit card account in an amount which is sufficient to reduce the transaction balance below the credit limit.
Claim 4
Dependent Claim
30 words
The method of claim 2, wherein the step of automatically transferring cash from the cash account to the credit card account is performed at the end of a billing cycle.
Claim 5
Dependent Claim
15 words
The method of claim 3, wherein the billing cycle is about a one month cycle.
Claim 6
Dependent Claim
44 words
The method of claim 1, comprising the steps of: receiving a request for authorization for an amount of cash issued against the credit card; and authorizing the amount of cash and transferring the amount of cash from the cash account to satisfy the request.
Claim 7
Dependent Claim
25 words
The method of claim 5, comprising the step of assessing a penalty when the cash balance in the cash account falls below a predetermined limit.
Claim 8
Dependent Claim
21 words
The method of claim 6, wherein the step of assessing a penalty is performed at the end of a billing cycle.
Claim 9
Dependent Claim
15 words
The method of claim 7, wherein the billing cycle is about a one month cycle.
Claim 10
Dependent Claim
19 words
The method of claim 1, comprising the step of paying interest on the cash balance in the cash account.
Claim 11
Dependent Claim
26 words
The method of claim 9, wherein the step of paying interest includes calculating the interest on an average daily balance of cash in the cash account.
Claim 12
Dependent Claim
20 words
The method of claim 9, wherein the step of paying interest is performed at the end of a billing cycle.
Claim 13
Dependent Claim
15 words
The method of claim 11, wherein the billing cycle is about a one month cycle.
Claim 14
Dependent Claim
25 words
The method of claim 2, comprising the step of assessing a penalty when the cash balance in the cash account falls below a predetermined limit.
Claim 15
Dependent Claim
21 words
The method of claim 13, wherein the step of assessing a penalty is performed at the end of a billing cycle.
Claim 16
Dependent Claim
15 words
The method of claim 14, wherein the billing cycle is about a one month cycle.
Claim 17
Dependent Claim
34 words
The method of claim 1, comprising the step of rejecting the requested transaction amount when it exceeds the aggregate of the credit limit and cash balance less the transaction balance by a predetermined amount.
Claim 18
Dependent Claim
15 words
The method of claim 16, wherein the predetermined amount is any amount greater than zero.
Claim 19
Independent Claim
129 words
An apparatus for executing a transaction using a credit card, comprising: a credit card account associated with the credit card, the credit card account having a credit limit and a transaction balance indicative of an aggregate of previously authorized transaction amounts in a predetermined period; a cash account associated with the credit card, the cash account having a cash balance; and a transaction processing unit coupled to the cash account and the credit account, the transaction processing unit being adapted to (i) receive a request for authorization for a new transaction amount against the credit card account in exchange for goods or services; and (ii) authorize the requested transaction amount when the aggregate of the credit limit and cash balance less the transaction balance exceeds the requested transaction amount.
Claim 20
Independent Claim
129 words
An apparatus for executing a transaction using a credit card, comprising: a credit card account associated with the credit card, the credit card account having a credit limit and a transaction balance indicative of an aggregate of previously authorized transaction amounts in a predetermined period; a cash account associated with the credit card, the cash account having a cash balance; and a transaction processing unit coupled to the cash account and the credit account, the transaction processing unit being adapted to (i) receive a request for authorization for a new transaction amount against the credit card account in exchange for goods or services; and (ii) authorize the requested transaction amount when the aggregate of the credit limit and cash balance less the transaction balance exceeds the requested transaction amount.
Claim 21
Dependent Claim
41 words
The apparatus of claim 18, wherein the transaction processing unit is further adapted to automatically transfer cash from the cash account to the credit card account in an amount which is sufficient to reduce the transaction balance below the credit limit.
Claim 22
Dependent Claim
50 words
The apparatus of claim 18, wherein the processing unit is further adapted to (iii) receive a request for authorization for an amount of cash issued against the credit card; and (iv) authorize the amount of cash and transfer the amount of cash from the cash account to satisfy the request.
Claim 23
Dependent Claim
29 words
The apparatus of claim 20, wherein the processing unit is further adapted to assess a penalty when the cash balance in the cash account falls below a predetermined limit.
Claim 24
Dependent Claim
23 words
The apparatus of claim 18, wherein the processing unit is further adapted to pay interest on the cash balance in the cash account.
Claim 25
Dependent Claim
30 words
The apparatus of claim 22, wherein the processing unit is adapted to pay the interest by calculating the interest on an average daily balance of cash in the cash account.
Claim 26
Dependent Claim
29 words
The apparatus of claim 18, wherein the processing unit is further adapted to assess a penalty when the cash balance in the cash account falls below a predetermined limit.
Claim 27
Dependent Claim
38 words
The apparatus of claim 18, wherein the processing unit is further adapted to reject the requested transaction amount when it exceeds the aggregate of the credit limit and cash balance less the transaction balance by a predetermined amount.
Claim 28
Dependent Claim
15 words
The apparatus of claim 25, wherein the predetermined amount is any amount greater than zero.
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USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 2003-03-14 | 2003-09-13 | 2004-03-14 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2007-03-14 | 2007-09-13 | 2008-03-14 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2011-03-14 | 2011-09-13 | 2012-03-14 | $7700.00 | Window Closed / Lapsed |