System and method for issuing security deposit guarantees based on credit card accounts
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United States of America Patent
Stats
-
Mar 27, 2001
Grant Date -
N/A
app pub date -
Sep 18, 1997
filing date -
Sep 18, 1997
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A system and process for issuing a security deposit guarantee includes and involves a data storage system storing information about a credit card account having an account owner, and an agreement between the account owner and another party. Also included and involved is a data processing system coupled to the data storage system that is operative to receive a request to issue a security deposit guarantee of a specified value, to issue the security deposit guarantee in accordance with agreement between the account owner and the other party, and to update the credit card account based on the security deposit guarantee. The system and process also manage a claim that subsequently may be made against the security deposit guarantee by the other party.
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