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:
Feb. 14, 2012
Filed:
Dec. 21, 2006
Ruth L. Aloni, New York, NY (US);
Rebecca R. Deen, Hoboken, NJ (US);
Richard A. Exelbert, New York, NY (US);
Elizabeth Langwith, New York, NY (US);
Tamara F. Odinec, New York, NY (US);
Joanne R. Pate, Middletown, NJ (US);
Sheraz Shere, Brooklyn, NY (US);
Natalie M. Sunderland, New York, NY (US);
Ian Woolley, New York, NY (US);
Ruth L. Aloni, New York, NY (US);
Rebecca R. Deen, Hoboken, NJ (US);
Richard A. Exelbert, New York, NY (US);
Elizabeth Langwith, New York, NY (US);
Tamara F. Odinec, New York, NY (US);
Joanne R. Pate, Middletown, NJ (US);
Sheraz Shere, Brooklyn, NY (US);
Natalie M. Sunderland, New York, NY (US);
Ian Woolley, New York, NY (US);
American Express Travel Related Services Company, Inc., New York, NY (US);
Abstract
A system, method, and computer program product are used to make recurring loan payments (e.g., mortgage payments) through a transaction card account. Information is received at a transaction account system from a loan company system corresponding to an application received at the loan company system from a requester for a loan involving automatic debits to a transaction card account. A determination is made as to whether the requestor is eligible for the loan to be associated with a transaction card account. If not, the customer receives a communication of rejection. If eligible, a determination is made whether the transaction account system has stored therein a transaction card account of the requestor. If no, a transaction card account is opened for the requester and associated with the loan. If yes, the loan payment is associated with the transaction card account bill. Periodic debits to the transaction card account are automatically made that correspond to a recurring loan payment amount for the loan.