System and method for ensuring payment for sold or leased equipment

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 6968998
APP PUB NO 20040118915A1
SERIAL NO

10323715

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ATTORNEY / AGENT: (SPONSORED)

Importance

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Abstract

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A limited electronic system and method are provided for automatically shutting down equipment when an account associated with purchased or leased equipment falls into arrears. The system includes a control center (connected to a machine) with a screen display, means for entering a code, and a controller. The controller has a disabling program that shuts down the machine after a predetermined interval, such as time. Because the program automates the shut-down when no (timed) interval is in place, the user must obtain a 're-set code' from a non-user—i.e., the financing entity, the equipment supplier, the account manager, or other entity—and enter it into the system to set the next interval so the machine remains operational. The re-set code is generated by the machine. The non-user at a location remote from the machine receives or generates parallel re-set codes. The method involves: (a) activating the program, (b) assessing the payment status of the account, and (c) when the account is paid, releasing the re-set code to the user for manual entry it into the control center. If the account is in arrears, the re-set code is not released to the user, and no entry of a new re-set code, the program causes the machine to shut-down.

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First Claim

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Patent Owner(s)

  • M&R PRINTING EQUIPMENT, INC.

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Abreu, Joseph San Marcos, CA 1 3
Coe, Jason Temecula, CA 3 65
Daniel, Robert Carol Stream, IL 20 489
Falk, Kenneth Mount Prospect, IL 1 3
Zupancic, Joel Joliet, IL 3 24

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