06064987 is referenced by 292 patents and cites 80 patents.

A central controller receives from a POS terminal a purchase price and a financial account identifier. The financial account identifier specifies a financial account, such as a credit card account. The central controller, in turn, generates one or more installment plan identifiers defining installment plans for payment of the purchase price. The installment plan identifiers are based on the purchase price and/or the financial account identifier. For example, certain accounts or certain high purchase prices may merit preferred installment plans. The installment plan identifiers are transmitted to the POS terminal. A purchaser at the POS terminal selects whether he would like to pay for his purchase in installments and, if so, using which installment plan. The POS terminal generates a selection signal indicative of whether to accept any of the installment plans, and transmits the selection signal to the central controller. The central controller receives the selection signal. If the selection signal indicates acceptance of any installment plan, use of the accepted installment plan for the financial account is authorized. Thereafter, bills are generated which reflect installment charges to be paid.

Title
Method and apparatus for providing and processing installment plans at a terminal
Application Number
822709
Publication Number
6064987
Application Date
October 7, 1997
Publication Date
May 16, 2000
Inventor
Andrew S Van Luchene
Norwalk
CT, US
James A Jorasch
Stamford
CT, US
Jay S Walker
Ridgefield
CT, US
Agent
Kurt M Maschoff
Dean Alderucci
Assignee
Walker Digital
CT, US
IPC
G06F 17/60
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