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:
Dec. 27, 2011
Filed:
Sep. 10, 2007
Patrick James Craig, New York, NY (US);
Konrad Simeon Feldman, San Francisco, CA (US);
Leonard Justin Laufer, Scarsdale, NY (US);
Michael Heller, New York, NY (US);
Paul Sutter, San Francisco, CA (US);
Nikolas Alexander Sulkowski, New Canaan, CT (US);
Patrick James Craig, New York, NY (US);
Konrad Simeon Feldman, San Francisco, CA (US);
Leonard Justin Laufer, Scarsdale, NY (US);
Michael Heller, New York, NY (US);
Paul Sutter, San Francisco, CA (US);
Nikolas Alexander Sulkowski, New Canaan, CT (US);
Other;
Abstract
One embodiment of the present invention relates to a computer implemented method for transaction processing that includes: transacting for a first and a second transactions for at least one of: a purchase; and a cash advance; sending requests for authorization of the first and second transactions; declining, by a primary lender, the requests for authorization; evaluating the declined requests for authorization by a secondary lender; authorizing, by the secondary lender, the declined requests for authorization in the form of authorization approvals; communicating the authorization approvals by the primary lender; posting the transactions to a balance sheet of the secondary lender in the form of amounts due to the primary lender; funding the transactions by the primary lender; summing up one or more debits and one or more credits of the posted transactions of the secondary lender; and settling any amounts due between the primary and secondary lenders.