Patent EP0718748A2 successfully refreshed from Google Patents.
Patent US6158657A successfully refreshed from Google Patents.
US6158657A
Expired / Lapsed
US
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System and method for offering and providing secured credit card products
Assignee: Capital One Services LLC
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Filing: 1999-09-03
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Granted: 2000-12-12
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Expires: 2019-09-03
Abstract
Abstract A system and method is provided for offering and providing secured credit card products. The disclosed systems and method provide a secured credit card product that is offered to a select group of potential customers. The offer may indicate both the required security deposit and the maximum credit limit that the customer may qualify for in exchange for the security deposit. When each customer response to the offer is received, the actual credit limit for the secured credit card is determined based on the individual's credit history and other credit-related factors. After determining the credit limit, a customer account is established and the customer is notified of his/her new account. This notification may include providing the new account number, credit limit and other pertinent account information, as well as issuing one or more secured credit cards represented with plastic card-like members.
Inventors
- 👤 Sheldon F. Hall, III
- 👤 Ivan T. Stoikoff
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-11-09 15:18
CPC Classifications
G; G07; G07F; G07F7/00; G07F7/08; G06; G06Q; G06Q20/00; G06Q20/30; G06Q20/34; G06Q20/341; G06Q20/355; G06Q20/38; G06Q20/40; G06Q20/403; G06Q20/4037; G07F7/10; G07F7/1008
Claims Analysis
Total Claims: 38
Claim 1
Independent Claim
120 words
A method for offering and providing a secured credit card product, said method comprising: identifying potential customers for a plurality of secured credit card product types; selecting, from said plurality of secured credit card product types, the type of secured credit card product to offer each potential customer; sending an offer for the selected secured credit card product to each potential customer, said offer including a stated security deposit and a stated, maximum credit limit that a potential customer may receive for the secured credit card product upon qualification; receiving each customer response to the offer for the secured credit card product; and establishing, in response to each received customer response, a customer account for the secured credit card product.
Claim 2
Independent Claim
120 words
A method for offering and providing a secured credit card product, said method comprising: identifying potential customers for a plurality of secured credit card product types; selecting, from said plurality of secured credit card product types, the type of secured credit card product to offer each potential customer; sending an offer for the selected secured credit card product to each potential customer, said offer including a stated security deposit and a stated, maximum credit limit that a potential customer may receive for the secured credit card product upon qualification; receiving each customer response to the offer for the secured credit card product; and establishing, in response to each received customer response, a customer account for the secured credit card product.
Claim 3
Dependent Claim
36 words
A method according to claim 1, wherein said establishing comprises providing customer credit data and determining, based on the customer credit data, a credit limit for the secured credit card product associated with the customer account.
Claim 4
Dependent Claim
33 words
A method according to claim 2, wherein said method further comprises notifying a customer of the customer account and the credit limit for the secured credit card product associated with the customer account.
Claim 5
Dependent Claim
43 words
A method according to claim 1, wherein said identifying comprises receiving a plurality of customer credit data from at least one financial clearinghouse and determining a list of potential customers for the secured credit card based on the plurality of customer credit data.
Claim 6
Dependent Claim
22 words
A method according to claim 4, wherein said identifying further comprises arranging the list of potential customers into a plurality of groups.
Claim 7
Dependent Claim
149 words
A computer program product for offering and providing secured credit card products, the computer program product comprising computer-readable media having computer-readable code, the computer program product comprising the following computer-readable program code for effecting actions in a computing platform: program code for identifying potential customers for a plurality of secured credit card product types; program code for selecting, from said plurality of secured credit card product types, the type of secured credit card product to offer each potential customer; program code for determining an offer for the selected secured credit card product to be sent to each potential customer, said offer including a stated security deposit and a stated; maximum credit limit that a potential customer may receive for the secured credit card product upon qualification; and program code for establishing, in response to each customer response to the offer, a customer account for the secured credit card product.
Claim 8
Dependent Claim
149 words
A computer program product for offering and providing secured credit card products, the computer program product comprising computer-readable media having computer-readable code, the computer program product comprising the following computer-readable program code for effecting actions in a computing platform: program code for identifying potential customers for a plurality of secured credit card product types; program code for selecting, from said plurality of secured credit card product types, the type of secured credit card product to offer each potential customer; program code for determining an offer for the selected secured credit card product to be sent to each potential customer, said offer including a stated security deposit and a stated; maximum credit limit that a potential customer may receive for the secured credit card product upon qualification; and program code for establishing, in response to each customer response to the offer, a customer account for the secured credit card product.
Claim 9
Dependent Claim
38 words
A computer program product according to claim 6, wherein said program code for establishing comprises program code for determining, based on customer credit data, a credit limit for the secured credit card product associated with the customer account.
Claim 10
Dependent Claim
38 words
A computer program product according to claim 7, further comprising program code for generating a notification to a customer of the customer account and the credit limit for the secured credit card product associated with the customer account.
Claim 11
Dependent Claim
44 words
A computer program product according to claim 6, wherein said program code for identifying comprises program code for determining a list of potential customers for the secured credit card based on a plurality of customer credit data provided from at least one financial clearinghouse.
Claim 12
Dependent Claim
30 words
A computer program product according to claim 9, wherein said program code for identifying further comprises program code for arranging the list of potential customers into a plurality of groups.
Claim 13
Independent Claim
97 words
A system for offering and providing a secured credit card product, said system comprising: means for identifying potential customers for a plurality of secured credit card product types; means for selecting, from said plurality of secured credit card product types, the type of secured credit card product to offer each potential customer; and means for determining an offer for the selected secured credit card product to be sent to each potential customer, said offer including a stated security deposit and a stated, maximum credit limit that a potential customer may receive for the secured credit card product.
Claim 14
Independent Claim
97 words
A system for offering and providing a secured credit card product, said system comprising: means for identifying potential customers for a plurality of secured credit card product types; means for selecting, from said plurality of secured credit card product types, the type of secured credit card product to offer each potential customer; and means for determining an offer for the selected secured credit card product to be sent to each potential customer, said offer including a stated security deposit and a stated, maximum credit limit that a potential customer may receive for the secured credit card product.
Claim 15
Dependent Claim
43 words
A system according to claim 11, further comprising means for receiving each customer response to the offer for the secured credit card product and means for establishing, in response to each received customer response, a customer account for the secured credit card product.
Claim 16
Dependent Claim
34 words
A system according to claim 12, wherein said means for establishing comprises means for determining, based on customer credit data, a credit limit for the secured credit card product associated with the customer account.
Claim 17
Dependent Claim
35 words
A system according to claim 13, further comprising means for generating a notification to a customer of the customer account and the credit limit for the secured credit card product associated with the customer account.
Claim 18
Dependent Claim
49 words
A system according to claim 11, wherein said means for identifying comprises means for receiving a plurality of customer credit data from at least one financial clearinghouse and means for determining a list of potential customers for the secured credit card based on the plurality of customer credit data.
Claim 19
Dependent Claim
21 words
A system according to claim 15, further comprising means for arranging the list of potential customers into a plurality of groups.
Claim 20
Independent Claim
110 words
A method for offering and providing a plurality of secured credit card product types, said method comprising: selecting, from said plurality of secured credit card product types, the type of secured credit card product to offer each customer; sending an offer for the selected secured credit card product to a list of potential customers, said offer including a stated security deposit and a stated, maximum credit limit that a potential customer may receive for the secured credit card product; receiving each customer response to the offer for the secured credit card product; and establishing, in response to each received customer response, a customer account for the secured credit card product.
Claim 21
Independent Claim
110 words
A method for offering and providing a plurality of secured credit card product types, said method comprising: selecting, from said plurality of secured credit card product types, the type of secured credit card product to offer each customer; sending an offer for the selected secured credit card product to a list of potential customers, said offer including a stated security deposit and a stated, maximum credit limit that a potential customer may receive for the secured credit card product; receiving each customer response to the offer for the secured credit card product; and establishing, in response to each received customer response, a customer account for the secured credit card product.
Claim 22
Dependent Claim
36 words
A method according to claim 17, wherein said establishing comprises providing customer credit data and determining, based on the customer credit data, a credit limit for the secured credit card product associated with the customer account.
Claim 23
Dependent Claim
33 words
A method according to claim 18, wherein said method further comprises notifying a customer of the customer account and the credit limit for the secured credit card product associated with the customer account.
Claim 24
Dependent Claim
57 words
A method according to claim 17, further comprising identifying the list of potential customers for the secured credit card product, wherein said identifying comprises receiving a plurality of customer credit data from at least one financial clearinghouse and determining the list of potential customers for the secured credit card based on the plurality of customer credit data.
Claim 25
Dependent Claim
22 words
A method according to claim 20, wherein said identifying further comprises arranging the list of potential customers into a plurality of groups.
Claim 26
Dependent Claim
38 words
A method according to claim 17, wherein said establishing comprises providing customer credit data and determining, based on the customer credit data, whether a customer qualifies for the stated, maximum credit limit for the secured credit card product.
Claim 27
Dependent Claim
30 words
A method according to claim 5, wherein said selecting comprises performing a response analysis for each group and determining the type of secured credit card product to offer each group.
Claim 28
Dependent Claim
22 words
A method according to claim 23, wherein said performing a response analysis comprises using a response model to generate a response score.
Claim 29
Dependent Claim
25 words
A method according to claim 24, wherein said selecting comprises using the response score to determine the type of secured credit card product to offer.
Claim 30
Dependent Claim
38 words
A computer program product according to claim 10, wherein said program code for selecting comprises program code for performing a response analysis for each group and determining the type of secured credit card product to offer each group.
Claim 31
Dependent Claim
30 words
A computer program product according to claim 26, wherein said program code for performing a response analysis comprises program code for using a response model to generate a response score.
Claim 32
Dependent Claim
33 words
A computer program product according to claim 27, wherein said program code for selecting comprises program code for using the response score to determine the type of secured credit card product to offer.
Claim 33
Dependent Claim
34 words
A system according to claim 16, wherein said means for selecting comprises means for performing a response analysis for each group and determining the type of secured credit card product to offer each group.
Claim 34
Dependent Claim
22 words
A system according to claim 29, wherein said performing means comprises means for using a response model to generate a response score.
Claim 35
Dependent Claim
28 words
A system according to claim 30, wherein said selecting means comprises means for using the response score to determine the type of secured credit card product to offer.
Claim 36
Dependent Claim
30 words
A method according to claim 21, wherein said selecting comprises performing a response analysis for each group and determining the type of secured credit card product to offer each group.
Claim 37
Dependent Claim
22 words
A method according to claim 32, wherein said performing a response analysis comprises using a response model to generate a response score.
Claim 38
Dependent Claim
25 words
A method according to claim 33, wherein said selecting comprises using the response score to determine the type of secured credit card product to offer.
References Cited (Backward Citations)
US6085976A
Cited
USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 2003-12-12 | 2004-06-12 | 2004-12-12 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2007-12-12 | 2008-06-12 | 2008-12-12 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2011-12-12 | 2012-06-12 | 2012-12-12 | $7700.00 | Window Closed / Lapsed |