Patent ID: 6882984
Filing Date: 2005-04-19
Classification: G06K,G06Q

Abstract:
1. A credit card processing system for allowing a cardholder to automatically charge fees to a club, merchant or service provider, comprising: credit card capable of charging point of sale transactions to be posted on a cardholder's account; said credit card having encoded information thereon that associates the cardholder with a plurality of clubs, merchants or service providers for which automated charge transaction requests are initiated by the card provider without requiring the cardholder or the plurality of clubs, merchants or service providers to submit payment authorization or payment requests to the card provider, for each automated charge; a card issuer database for storing information that identifies the plurality of clubs, merchants, or service providers associated with the cardholder, and that further provides payment information for each associated club, merchant, or service provider; a card processor for performing the automated charge transaction requests which are for payments due by the cardholder to the clubs, merchants, or service providers in consideration for services or goods; the card processor accessing the association information and the payment information in the card issuer database in order to perform the automated charge transactions; the card processor performing the automated charge transaction requests to result in funds being charged to the cardholder's credit account and funds being credited to an account of a third party comprising one or more accounts of the clubs, merchants, and service providers; the card issuer database further storing information of at least one partner that is affiliated with the plurality of clubs, merchants, or service providers; wherein said credit card is affiliated with a predetermined credit network and issuer, and is accepted for purchases anywhere the predetermined credit network is accepted for purchases.