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:
Jan. 04, 2011
Filed:
Aug. 23, 2004
Richard E. Greer, Greenville, SC (US);
Thomas W. Epting, Greenville, SC (US);
Richard E. Greer, Greenville, SC (US);
Thomas W. Epting, Greenville, SC (US);
Compucredit Intellectual Property Holdings Corp. II, Las Vegas, NV (US);
Abstract
A merchant can extend credit to a customer by establishing an account which allows the account to be paid off, or significantly paid down, on or after the customer's next payday. The payment can be directly extracted from the customer's bank account. The merchant is provided with a merchant system. The merchant system is used to read or recognize a unique customer identifier device, such as a magnetically encoded or bar-coded customer card, or an integrated chip, micro-computer, manually entered PIN etc., which uniquely identifies an account held by the customer. The merchant device communicates the information to a server system which approves the transaction and cooperatively the merchant system and server system generate a transaction instrument that can be signed by the customer.