Christopher J Novak

US Patent:

8489497, Jul 16, 2013

Filed:

Jan 27, 2006

Appl. No.:

11/275777

Inventors:

Christopher S. Novak - Newark NJ, US
Michael D'Angelo - Montville NJ, US
Tom Giancola - Kennett Square PA, US

Assignee:

JPMorgan Chase Bank, N.A. - New York NY

International Classification:

G06Q 40/02

US Classification:

705 38, 705 39, 705 44

Abstract:

An on-line interactive and partner-enhanced credit card application system is disclosed. The system utilizes partner-supplied data of an applicant in credit decision. The system structures an on-line credit card application interactively with a tree-type series of questions and answers such that the next set of questions are based on the answers given. The system offers an appropriate bounty to a partner by the credit card issuer based on the data supplied by the partner and obtained during the interactive questions and answers. The system enables a credit card issuer to make an optimum product offer such as pricing and credit line assignment. The system offers commercial incentives, and utilizes the partner-supplied data during a statement process to generate further revenue and ensure cardholder retention.