Daniel Alan Baker

US Patent:

7634434, Dec 15, 2009

Filed:

May 29, 2002

Appl. No.:

10/156072

Inventors:

Daniel Guy Baker - Glen Allen VA, US
Krishnamurthy Bindumadhavan - Richmond VA, US
Bradley Wilson Jiulianti - Boise ID, US
Sanjeev Kumar Chandak - Glen Allen VA, US

Assignee:

Capital One Financial Corporation - McLean VA

International Classification:

G06Q 40/00

US Classification:

705 35, 705 38, 705 39

Abstract:

Systems and methods are provided for setting a cycle date for a financial account. For instance, a cycling module may be provided to set a default cycle date for cycling the financial account, and an account monitoring module may be provided to determine whether a transaction is posted on the financial account within a first predetermined period before the default cycle date. If a transaction is posted on the financial account within the first predetermined period, then the cycling module sets a new cycle date. The new cycle date can be set to a date that follows the transaction post date by a second predetermined period. Alternatively, the new cycle date may be set to other dates, such as a date corresponding to the next qualifying date.

US Patent:

20030097270, May 22, 2003

Filed:

Nov 16, 2001

Appl. No.:

09/987952

Inventors:

Eric Musselwhite - Richmond VA, US
Daniel Baker - Glen Allen VA, US
Krishnamurthy Bindumadhavan - Richmond VA, US
Deborah Candeub - Arlington VA, US
Lisa Chancellor - Mechanicsville VA, US
Sanjeev Chandak - Richmond VA, US
Brad Jiulianti - Boise ID, US
William McSorley - Springfield VA, US

International Classification:

G06F017/60

US Classification:

705/001000, 705/040000

Abstract:

Methods, systems, and articles of manufacture for providing advantage credit card products to customers is disclosed. A financial account provider may provide a consumer with a financial account that may be used for purchase transactions with vendors. Additionally, the financial account provider may allow the consumer to select a vendor to be associated with the financial account. Thereafter, the financial account provider may charge fees to the financial account for purchase transactions with the selected vendor based on advantage account parameters. Furthermore, fees may be charged to the financial account by the financial account provider for purchase transactions with other vendors based on standard account parameters. The one or more advantage account parameters may include terms that are more favorable to the consumer than terms associated with standard account parameters. For instance, the advantage account parameters may include an interest rate that is lower than an interest rate included with the standard account parameters.