Patent ID: 7392222
Filing Date: 2008-06-24
Classification: G06Q

Abstract:
1. A method for providing promotional pricing, the method comprising: providing one or more pricing offers to one or more customers who have one or more credit accounts, wherein at least one of said pricing offers is directed to a transaction comprising one or more of the following: determining whether the transaction associated with at least one credit account of a customer qualifies for said at least one of said pricing offers based on at least one predetermined criterion; assigning a balance incurred through the transaction to a promotional bucket associated with said at least one of said pricing offers if said transaction qualifies for said at least one of said pricing offers, or assigning said balance incurred to a default bucket if said transaction does not qualify for (a) said at least one of said pricing offers or (b) any one of the one or more pricing offers, thereby causing a total balance associated with the at least one credit account to be distributed among said default bucket and one or more promotional buckets; allocating payments associated with the at least one credit account to said default bucket and said one or more promotional buckets according to a predetermined payment hierarchy wherein the predetermined payment hierarchy determines the allocation of payments amongst the default bucket and the one or more promotional buckets; retroactively adjusting said predetermined payment hierarchy causing at least one past payment to be re-allocated among said default bucket and said one or more promotional buckets based at least in part on one or more preferences associated with the customer; and updating the at least one credit account based on said retroactively adjusted payment hierarchy.