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:
Jun. 21, 2011
Filed:
Nov. 01, 2002
Karen L. Wong, New York, NY (US);
Fred Jubitz, Ridgewood, NJ (US);
Luigi E. Merli, Tuckahoe, NY (US);
Caroline M. Azimi-pour, Hoboken, NJ (US);
Jean-paul D. Ndong, Woohawken, NJ (US);
Leena H. Parikh, Hantidale, NY (US);
Joya A. Mukherjee, New York, NY (US);
Keye G. Jin, Montclair, NJ (US);
Priyo B. Chatterjee, Staten Island, NY (US);
Subhash C. Khatri, East Windsor, NJ (US);
Luckner B. Polycarpe, Brooklyn, NY (US);
Karen L. Wong, New York, NY (US);
Fred Jubitz, Ridgewood, NJ (US);
Luigi E. Merli, Tuckahoe, NY (US);
Caroline M. Azimi-Pour, Hoboken, NJ (US);
Jean-Paul D. Ndong, Woohawken, NJ (US);
Leena H. Parikh, Hantidale, NY (US);
Joya A. Mukherjee, New York, NY (US);
Keye G. Jin, Montclair, NJ (US);
Priyo B. Chatterjee, Staten Island, NY (US);
Subhash C. Khatri, East Windsor, NJ (US);
Luckner B. Polycarpe, Brooklyn, NY (US);
American Express Travel Related Services Company, Inc., New York, NY (US);
Abstract
A method and apparatus are provided for a no pre-set spending limit transaction card with features and attributes of both a credit card and a charge card, including an overlimit spend feature and an associated communicated line of credit. The transaction card may carry a balance like a credit card and may require that a card user pay down the balance carried forward to the line of credit subsequent to the end of each billing cycle. When the user has reached or exceeded the communicated line of credit, each subsequent transaction request for a new transaction by the user is evaluated on a case-by-case basis by a process that includes execution an overlimit spend authorization logic or process.