G - Physics – 06 – Q
Patent
G - Physics
06
Q
G06Q 30/00 (2006.01) G06Q 40/00 (2006.01)
Patent
CA 2422536
A financial system in which an intermediary facilitates transactions between one or more credit card issuers and a plurality of different vendors which may be related by a common characteristic. The financial system of the present invention preferably includes a consumer credit card and a membership card, both including some type of rewards program. A customer applies for the credit card and membership card at a point-of-sale associated with a vendor that sponsors the credit card. The vendor uses a computer with a hardware or software identification system to securely transmit the application to the intermediary via a broad bandwidth communication medium, such as the Internet. The credit card issuer may use an instant on-line approval mechanism to instantly send a credit card number and initial spending limit to the customer via the vendor's computer. If the customer is not instantly or otherwise approved for the credit card, the intermediary may provide the customer with a branded membership card that carries no purchasing power, but which provides certain rewards at the vendor's location, preferably building customer loyalty to the vendor.
Mobed Jeffrey N.
Oliver Paul V.
Borden Ladner Gervais Llp
Privilegeone Networks Llc
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