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:
Nov. 05, 2013
Filed:
Jan. 05, 2010
Erik Stephen Ross, Charlotte, NC (US);
Matthew Rice, Wilmington, DE (US);
Hans Dirk Schumacher, Matthews, NC (US);
David Neil Joffe, Charlotte, NC (US);
Yanghong Shao, Charlotte, NC (US);
Tracy Elizabeth Marcin, Newark, DE (US);
John Scott Bailer, Wilmington, DE;
Erik Stephen Ross, Charlotte, NC (US);
Matthew Rice, Wilmington, DE (US);
Hans Dirk Schumacher, Matthews, NC (US);
David Neil Joffe, Charlotte, NC (US);
Yanghong Shao, Charlotte, NC (US);
Tracy Elizabeth Marcin, Newark, DE (US);
John Scott Bailer, Wilmington, DE;
Bank of America Corporation, Charlotte, NC (US);
Abstract
Aspects of the disclosure relate to assisting credit account holders during economic hardship. More specifically, aspects of the disclosure relate to systems and methods for providing a rebate of at least a portion of a finance charge applied to a credit account. Unlike certain prior art systems and methods, embodiments disclosed herein may benefit both the credit account holder as well as the financial institution that extends the credit account. In one embodiment, it may be determined that several credit accounts meet a threshold of probability of having a charge-off. In certain embodiments, the number of accounts that receive a rebate may be limited to a certain percentage of credit accounts with a non-zero balance.