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:
Sep. 14, 2010
Filed:
Aug. 28, 2007
Michael R. Loeb, Manhattan, NY (US);
Edward J. Mccabe, Yonkers, NY (US);
John F. Rovegno, Stamford, CT (US);
Richard I. Vogel, Stamford, CT (US);
Michael R. Loeb, Manhattan, NY (US);
Edward J. McCabe, Yonkers, NY (US);
John F. Rovegno, Stamford, CT (US);
Richard I. Vogel, Stamford, CT (US);
Loeb Enterprises, LLC., New York, NY (US);
Abstract
Methods and systems are provided for offering loans to users at a point-of-purchase transaction. Such loans are typically offered upon the decline of a user-tendered payment, for example of a credit or debit card or check, and typically at a retail physical location point of sale and/or at a retail website point of sale. The loan offer process is desirably integrated with the merchant's payment processing system. Term sets can be pre-established between the merchant and the loan offerer. Processing to determine whether to offer a loan and under which set of terms is desirably automated such that the decision can be made in substantially real time to motivate the completion of what might constitute an otherwise failed transaction.