Patent ID: 8589284
Filing Date: 2013-11-19
Classification: G06Q

Abstract:
1. A method comprising: acquiring, by a computer-based system for electing a payment term related to a transaction account, first transaction information from use of said transaction account; analyzing, by said computer-based system, at least one of said transaction information, said transaction account, and a payment history associated with said transaction account; determining, by said computer-based system and based upon said analyzing, that said transaction account is eligible for a first payment term, wherein said first payment term comprises at least one of an early payment term, wherein said early payment term comprises a discount rate based on an eligible spend amount, and a deferred payment term, wherein said deferred payment term defers payment of previously billed charges to a next billing cycle due date; creating, by said computer-based system, a first transaction account billing statement comprising said transaction information and said payment term; receiving, by said computer-based system, a response to said first transaction account billing statement, wherein said response is based at least partially upon said first payment term; adjusting, by said computer-based system, transaction account billing rules based upon at least one of said first payment term and said response, wherein said transaction account billing rules are associated with said transaction account; and creating, by said computer-based system, a second transaction account billing statement based upon said adjusted transaction account billing rules and comprising at least one of an early payment credit in response to said first payment term comprising said early payment term, and a deferred payment balance in response to said first payment term comprising said deferred payment term.