The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jul. 13, 2010
Filed:
Jan. 21, 2004
Toni S. Cluse, Sagamore Hills, OH (US);
Jeffrey J. Scheidler, Stow, OH (US);
David E. Williams, Cleveland Heights, OH (US);
Toni S. Cluse, Sagamore Hills, OH (US);
Jeffrey J. Scheidler, Stow, OH (US);
David E. Williams, Cleveland Heights, OH (US);
Keycorp, Cleveland, OH (US);
Abstract
A method for renegotiating a financial instrument includes the steps of initiating a logical session between a client program and a client interface affiliated with a financial institution, displaying financial information relating to a client on the client interface, displaying a message on the client program that a financial instrument of the client may be renegotiated, transmitting a request to renegotiate the financial instrument to the client interface, displaying a disclosure document pertaining to the request to renegotiate, and if the client agrees to accept terms of the disclosure document, displaying a plurality of renegotiation options to the client on the client program, and transmitting a selection of one of the renegotiation options to the client interface. The system for renegotiating the financial instrument is structured to operate over a network and includes a client interface program affiliated with a financial institution, an application server housing the client interface program and the client interface program being capable of retrieving data from a data repository that a financial instrument of the client may be renegotiated and displaying a message on a display device indicating that the financial instrument may be renegotiated. Although the method and system of the present invention maybe applied to a wide variety of financial instruments, in a preferred embodiment, the financial instrument is a certificate of deposit.