Richard V Greer

US Patent:

7865433, Jan 4, 2011

Filed:

Aug 23, 2004

Appl. No.:

10/924015

Inventors:

Richard E. Greer - Greenville SC, US
Thomas W. Epting - Greenville SC, US

Assignee:

Compucredit Intellectual Property Holdings Corp. II - Las Vegas NV

International Classification:

G06Q 40/00

US Classification:

705 39

Abstract:

A merchant can extend credit to a customer by establishing an account which allows the account to be paid off, or significantly paid down, on or after the customer's next payday. The payment can be directly extracted from the customer's bank account. The merchant is provided with a merchant system. The merchant system is used to read or recognize a unique customer identifier device, such as a magnetically encoded or bar-coded customer card, or an integrated chip, micro-computer, manually entered PIN etc. , which uniquely identifies an account held by the customer. The merchant device communicates the information to a server system which approves the transaction and cooperatively the merchant system and server system generate a transaction instrument that can be signed by the customer.

US Patent:

20050283436, Dec 22, 2005

Filed:

May 31, 2005

Appl. No.:

10/908899

Inventors:

Richard Greer - Greenville SC, US
Thomas Epting - Greenville SC, US

International Classification:

G06F017/60

US Classification:

705040000, 705038000

Abstract:

Credit underwriting for a financial transaction is automatically commenced and concluded by the initiative of a customer. The customer initiates the financial transaction by interfacing to a merchant application. This interface may include a point of sale terminal, a card reader, a kiosk or the like. Customer-pertinent information and financial transaction pertinent information is obtained as a result of the customer initiating the process. The customer-pertinent and financial transaction pertinent information is then processed and the credit underwriting is approved if the customer associated with the customer-pertinent information is qualified for underwriting of a transaction described by the financial transaction pertinent information. A financial agreement that can be accepted by the customer interfacing to the merchant application is then generated and, if accepted by the customer, the funding for the financial transaction is provided. The processing of the information can include examining a database that includes customer data that correlates to the customer pertinent information and regulatory information required by the state in which the merchant operates, government imposed requirements and merchant imposed requirements.

US Patent:

20070061255, Mar 15, 2007

Filed:

Sep 12, 2006

Appl. No.:

11/531189

Inventors:

Thomas Epting - Greenville SC, US
Richard Greer - Greenville SC, US

International Classification:

G06Q 40/00

US Classification:

705039000, 235380000

Abstract:

A method and system for providing credit at a point of sale are provided. The method includes both an open-ended model and a closed-ended model. In the open-ended model a card, such as a credit card, is provided to the customer. The customer first enters into an agreement for repayment with a credit provider. When the customer uses the card, a new installment transaction is added to a revolving line of credit. An open-ended loan agreement is delivered to the customer at the point of sale. The open-ended loan agreement may include available credit left, payment terms, and payment date. In the closed-ended model, the customer need not first sign an agreement with the credit provider. The customer simply obtains and uses a card to obtain a closed-ended, single installment, installment loan.

US Patent:

D2912589, Aug 4, 1987

Filed:

Jan 16, 1985

Appl. No.:

6/691904

Inventors:

Richard E. Greer - Mauldin SC

Assignee:

Swiss-Tex, Incorporated - Greenville SC

US Classification:

D32 40