Christine P Vega

US Patent:

8589284, Nov 19, 2013

Filed:

Jun 18, 2009

Appl. No.:

12/486988

Inventors:

Mark Ang - Scottsdale AZ, US
Boudhayan Choudhuri - Phoenix AZ, US
Jessica Kaplan - New York NY, US
David Lowy - New York NY, US
Gyanesh Narayan - Scottsdale AZ, US
Eric Nielsen - New York NY, US
Christine Vega - South Orange NJ, US

Assignee:

American Express Travel Related Services Company, Inc. - New York NY

International Classification:

G06Q 40/00

US Classification:

705 38, 705 35

Abstract:

A method is disclosed for offering transaction account consumers with payment term options to pay a minimum amount due early, defer payment into the following payment cycle, and pay a standard amount when due. When generating a periodic billing statement, the invention determines a consumer's eligibility to elect early payment, deferred payment, and regular payment. When a consumer is eligible for early payment, a received payment is compared to a discount rate tier, then a discount amount is calculated and credited to the consumer's account. When the consumer is eligible for deferred payment, the system calculates a new current minimum payment due by multiplying the current non-deferred balance by a predetermined percentage amount and adding the result to the deferred balance. When the consumer is not eligible for deferred payment, the system calculates a new current minimum due by summing the current non-deferred balance with the deferred balance.

US Patent:

20080262919, Oct 23, 2008

Filed:

Sep 6, 2007

Appl. No.:

11/850821

Inventors:

Mark Ang - Scottsdale AZ, US
Boudhayan Choudhuri - Phoenix AZ, US
Jessica Kaplan - New York NY, US
David Lowy - New York NY, US
Gyanesh Narayan - Scottsdale AZ, US
Eric Nielsen - New York NY, US
Christine Vega - South Orange NJ, US

Assignee:

American Express Travel Related Services Company, Inc. - New York NY

International Classification:

G06Q 30/00
G06Q 40/00

US Classification:

705 14, 705 35, 705 40

Abstract:

A method is disclosed for offering transaction account consumers with payment term options to pay a minimum amount due early, defer payment into the following payment cycle, and pay a standard amount when due. When generating a periodic billing statement, the invention determines a consumer's eligibility to elect early payment, deferred payment, and regular payment. When a consumer is eligible for early payment, a received payment is compared to a discount rate tier, then a discount amount is calculated and credited to the consumer's account. When the consumer is eligible for deferred payment, the system calculates a new current minimum payment due by multiplying the current non-deferred balance by a predetermined percentage amount and adding the result to the deferred balance. When the consumer is not eligible for deferred payment, the system calculates a new current minimum due by summing the current non-deferred balance with the deferred balance.

US Patent:

20090254478, Oct 8, 2009

Filed:

Jun 18, 2009

Appl. No.:

12/486965

Inventors:

Mark Ang - Scottsdale AZ, US
Boudhayan Choudhuri - Phoenix AZ, US
Jessica Kaplan - New York NY, US
David Lowy - New York NY, US
Gyanesh Narayan - Scottsdale AZ, US
Eric Nielsen - New York NY, US
Christine Vega - South Orange NJ, US

Assignee:

American Express Travel Related Services Company, Inc. - New York NY

International Classification:

G06Q 40/00

US Classification:

705 40, 705 35

Abstract:

A method is disclosed for offering transaction account consumers with payment term options to pay a minimum amount due early, defer payment into the following payment cycle, and pay a standard amount when due. When generating a periodic billing statement, the invention determines a consumer's eligibility to elect early payment, deferred payment, and regular payment. When a consumer is eligible for early payment, a received payment is compared to a discount rate tier, then a discount amount is calculated and credited to the consumer's account. When the consumer is eligible for deferred payment, the system calculates a new current minimum payment due by multiplying the current non-deferred balance by a predetermined percentage amount and adding the result to the deferred balance. When the consumer is not eligible for deferred payment, the system calculates a new current minimum due by summing the current non-deferred balance with the deferred balance.

US Patent:

20140310168, Oct 16, 2014

Filed:

Jun 25, 2014

Appl. No.:

14/314426

Inventors:

- New York NY, US
Boudhayan Choudhuri - Phoenix AZ, US
Jessica Kaplan - New York NY, US
David Lowry - New York NY, US
Gyanesh Narayan - Scottsdale AZ, US
Eric Nielsen - New York NY, US
Christine Vega - South Orange NJ, US

Assignee:

American Express Travel Related Services Company, Inc. - New York NY

International Classification:

G06Q 20/10

US Classification:

705 40

Abstract:

A method is disclosed for offering transaction account consumers with payment term options to pay a minimum amount due early, defer payment into the following payment cycle, and pay a standard amount when due. When generating a periodic billing statement, the invention determines a consumer's eligibility to elect early payment, deferred payment, and regular payment. When a consumer is eligible for early payment, a received payment is compared to a discount rate tier, then a discount amount is calculated and credited to the consumer's account. When the consumer is eligible for deferred payment, the system calculates a new current minimum payment due by multiplying the current non-deferred balance by a predetermined percentage amount and adding the result to the deferred balance. When the consumer is not eligible for deferred payment, the system calculates a new current minimum due by summing the current non-deferred balance with the deferred balance.

US Patent:

20140136406, May 15, 2014

Filed:

Jan 16, 2014

Appl. No.:

14/156926

Inventors:

- New York NY, US
Boudhayan Choudhuri - Phoenix AZ, US
Jessica Kaplan - New York NY, US
David Lowy - New York NY, US
Gyanesh Narayan - Scottsdale AZ, US
Eric Nielsen - New York NY, US
Christine Vega - South Orange NJ, US

Assignee:

American Express Travel Related Services Company, Inc. - New York NY

International Classification:

G06Q 20/14

US Classification:

705 40

Abstract:

A method is disclosed for offering transaction account consumers with payment term options to pay a minimum amount due early, defer payment into the following payment cycle, and pay a standard amount when due. When generating a periodic billing statement, the invention determines a consumer's eligibility to elect early payment, deferred payment, and regular payment. When a consumer is eligible for early payment, a received payment is compared to a discount rate tier, then a discount amount is calculated and credited to the consumer's account. When the consumer is eligible for deferred payment, the system calculates a new current minimum payment due by multiplying the current non-deferred balance by a predetermined percentage amount and adding the result to the deferred balance. When the consumer is not eligible for deferred payment, the system calculates a new current minimum due by summing the current non-deferred balance with the deferred balance.