06353811 is referenced by 161 patents and cites 3 patents.

A data processing system and method are provided for allocating all expenditures, accrued interest attributable to each expenditure, and payments made by respective credit cardholders, to sub-accounts specifically designated by the cardholder. In a preferred embodiment, at the time of each expenditure, the cardholder electronically enters the sub-account to which the expenditure is to be allocated with the use of an electronic device having a keypad and display. The data processing system allocates to each designated sub-account all expenditures specified, as well as all interest charges that accrue as to each designated sub-account to which the interest charges are attributable. The data processing system further allocates payments made by the cardholder to the designated sub-account(s) according to the cardholder's instructions and calculates interest charges allocable to each designated sub-account as adjusted after each payment. The data processing system also tracks and calculates all expenditures and payments on a cumulative basis (i.e., without regard to the sub-accounts) so that monthly or other period billing statements will reflect cumulative expenditures for the billing period, and prior outstanding account balances and credits. The system also calculates and generates a breakdown of new expenditures to each sub-account for the billing period, as well as cumulative outstanding balances on each sub-account.

Credit card billing system for identifying expenditures on a credit card account
Application Number
Publication Number
6353811 (B1)
Application Date
January 19, 2000
Publication Date
March 5, 2002
Steven I Weissman
10762 Denver Dr., Cooper City
Robert M Downey P A
G06F 17/00
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