US Patent No: 7,039,593

Number of patents in Portfolio can not be more than 2000

Payment convergence system and method

ALSO PUBLISHED AS: 20030236747

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Abstract

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A method and system is provided for convergence of multiple independent applications into a single payment vehicle. In the context of a medical procedure, the invention provides for the convergence of medical/dental insurance with at least one secondary payment source to effect payment for the entire procedure. Through the instant invention insurance benefit information can be determined and funds blocked, then secondary payment source(s) can be utilized to effect payment of the insurance co-payment amount. The use of Smart Card technology enables the convergence at the point of sale of information about multiple applications/payment sources (i.e. insurance plan and secondary payment plan) that are processed to determine the amount of payment to be received from each source.

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First Claim

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Patent Owner(s)

  • Assignment data not available. Check USPTO

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Sager, Robert David Manhattan, KS 9 51

Cited Art Landscape

Patent Info (Count) # Cites Year
 
GENWORTH FINANCIAL, INC. (1)
* 2004/0093,242 Insurance information management system and method 45 2003
 
HITACHI MAXELL, LTD. (1)
* 2003/0037,065 Method and apparatus for using medical ID smart card 20 2002
 
MED POWER, INC. (1)
* 5,235,507 Health insurance management system 174 1990
 
NOKIA CORPORATION (1)
* 2003/0167,204 Method and system for providing content items to users 3 2002
 
ONEHEALTHBANK.COM (1)
* 6,208,973 Point of service third party financial management vehicle for the healthcare industry 267 1998
 
Optimum, Inc. (1)
* 5,930,759 Method and system for processing health care electronic data transactions 227 1996
 
UPAID SYSTEMS, LTD. (1)
* 2002/0052,754 Convergent communications platform and method for mobile and electronic commerce in a heterogeneous network environment 208 2001
 
Other [Check patent profile for assignment information] (2)
* 2002/0103,753 Charge splitter application 33 2001
* 2001/0038,033 Unified communications and commerce systems and methods, and device therefore 94 2001
* Cited By Examiner

Patent Citation Ranking

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Patent Info (Count) # Cites Year
 
GENWORTH HOLDINGS, INC. (8)
7,398,241 Method and system for portable retirement investment 77 2001
8,781,929 System and method for guaranteeing minimum periodic retirement income payments using an adjustment account 0 2002
8,412,545 System and process for providing multiple income start dates for annuities 4 2004
8,370,242 Systems and methods for providing a benefit product with periodic guaranteed minimum income 2 2005
8,024,248 System and method for imbedding a defined benefit in a defined contribution plan 3 2005
8,612,263 Systems and methods for providing a cash value adjustment to a life insurance policy 0 2008
8,433,634 Systems and methods for providing a benefit product with periodic guaranteed income 1 2009
8,799,134 System and method for imbedding a defined benefit in a defined contribution plan 0 2011
 
ACS State & Local Solutions, Inc. (7)
8,340,979 Systems and methods for electronically processing government sponsored benefits 2 2003
* 7,774,273 Systems and methods for processing benefits 8 2003
7,587,434 Method and system for managing a distributed transaction process 2 2003
8,554,728 Method and system for managing a distributed transaction process 0 2009
* 7,865,437 Systems and methods for processing benefits 4 2010
8,185,470 Systems and methods for processing benefits 2 2010
8,315,946 Systems and methods for processing benefits 0 2012
 
GOOGLE INC. (6)
7,516,886 System for associating identification and personal data for multiple magnetic stripe cards or other sources to facilitate a transaction and related methods 18 2007
7,712,658 Wallet consolidator and related methods of processing a transaction using a wallet consolidator 29 2007
7,708,198 Wallet consolidator to facilitate a transaction 29 2007
7,828,208 Retail point-of-transaction system, program products, and related methods to provide a customized set of identification data to facilitate a transaction using electronic coupons 12 2009
8,225,995 Retail point-of-transaction system, program products, and related methods to provide a customized set of identification data to facilitate a transaction using electronic coupons 6 2010
8,261,978 Wallet consolidator to facilitate a transaction 2 2011
 
OLTINE ACQUISITIONS NY L.L.C. (5)
7,434,729 Healthcare card closed loop network 10 2005
7,905,399 Linking transaction cards with spending accounts 2 2006
7,922,083 Payment programs for healthcare plans 5 2006
7,590,557 Healthcare card incentive program for multiple users 10 2006
7,949,543 Methods, systems, and computer program products for promoting healthcare information technologies to card members 0 2007
 
CAREPARTNERS PLUS (4)
7,979,286 Patient-interactive healthcare management 7 2007
8,533,006 Patient-interactive healthcare management 1 2011
8,504,386 Patient-interactive healthcare management 1 2011
8,781,859 Patient-interactive healthcare management 0 2013
 
INSTAMED COMMUNICATIONS, LLC (2)
8,538,875 Process for linked healthcare and financial transaction initiation 0 2006
8,731,962 Process for linked healthcare and financial transaction initiation 0 2012
 
ACCENTURE GLOBAL SERVICES LIMITED (1)
* 7,739,129 Benefit plan intermediary 0 2006
 
COIN, INC. (1)
* 2009/0164,380 FINANCIAL TRANSACTION NETWORK 18 2009
 
GILBARCO INC. (1)
8,386,322 Integrated point of sale terminal 0 2010
 
IDX INVESTMENT CORPORATION (1)
7,778,844 System and method for managing the exchange of information between healthcare systems 0 2005
 
MANNING & NAPIER INFORMATION SERVICES (1)
* 8,219,420 Method and apparatus for providing access to healthcare funds 0 2002
 
Oltine Acquistitions NY LLC (1)
7,970,626 Facilitating payments to health care providers 2 2005
 
PUMP-ON LLC (1)
7,604,169 Methods and systems for customer validation using any of a plurality of identification documents and identification document readers 8 2006
 
THOMSON REUTERS ORGANIZATION CORP. (1)
* 8,775,214 Management method and system for a user 0 2006
 
Other [Check patent profile for assignment information] (2)
* 8,600,770 Payment convergence system and method 0 2006
7,813,940 System and method for enabling health care providers to effect compensatory invoicing of patients who use a coverage entity in addition to their health insurer 1 2007
* Cited By Examiner

Maintenance Fees

Fee Large entity fee small entity fee micro entity fee due date
11.5 Year Payment $7400.00 $3700.00 $1850.00 Nov 2, 2017
Fee Large entity fee small entity fee micro entity fee
Surcharge - 11.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge after expiration - Late payment is unavoidable $700.00 $350.00 $175.00
Surcharge after expiration - Late payment is unintentional $1,640.00 $820.00 $410.00