EP 0995174 A1 20000426 - AUTOMATED LOAN REPAYMENT
Title (en)
AUTOMATED LOAN REPAYMENT
Title (de)
AUTOMATISCHE DARLEHNZURÜCKZAHLUNG
Title (fr)
REMBOURSEMENT DE PRET AUTOMATISE
Publication
Application
Priority
- US 9813277 W 19980626
- US 89039897 A 19970709
- US 4606298 A 19980323
Abstract (en)
[origin: WO9903076A1] Systems and methods for automated payment involve utilizing consumer payment authorization, clearing, and settlement systems to allow a merchant to reduce or eliminate an amount owed to another entity for services, products, and/or cash advances provided to the merchant. After a customer identifier (e.g., a credit, debit, smart, charge, payment, etc. card account number) is accepted as payment from the customer, information related to the payment is forwarded to a merchant processor. The merchant processor acquires the information related to the payment, processes that information, and forwards at least a portion of the payment to a receiver as payment for at least a portion of the amount owed by the merchant. The receiver receives the portion of the payment forwarded by the merchant processor and applies that portion to the amount owed by the merchant to reduce or eliminate that outstanding amount.
IPC 1-7
IPC 8 full level
G06Q 20/00 (2006.01); G06Q 40/00 (2006.01); G07F 7/00 (2006.01); G07F 7/08 (2006.01); G07F 7/10 (2006.01)
CPC (source: EP)
G06Q 20/04 (2013.01); G06Q 20/10 (2013.01); G06Q 20/12 (2013.01); G06Q 20/363 (2013.01); G07F 7/0866 (2013.01)
Citation (search report)
See references of WO 9903075A1
Designated contracting state (EPC)
AT BE CH CY DE DK ES FI FR GB GR IE IT LI LU MC NL PT SE
DOCDB simple family (publication)
WO 9903076 A1 19990121; AU 7988598 A 19990208; AU 8169698 A 19990208; CA 2295613 A1 19990121; CA 2295615 A1 19990121; EP 0995173 A1 20000426; EP 0995174 A1 20000426; JP 2001509628 A 20010724; JP 2001509629 A 20010724; WO 9903075 A1 19990121
DOCDB simple family (application)
US 9813293 W 19980626; AU 7988598 A 19980626; AU 8169698 A 19980626; CA 2295613 A 19980626; CA 2295615 A 19980626; EP 98930512 A 19980626; EP 98931616 A 19980626; JP 2000502484 A 19980626; JP 2000502485 A 19980626; US 9813277 W 19980626