Patent ID: 6032134
Filing Date: 2000-02-29
Classification: G06Q

Abstract:
A data processing system for managing and producing statements for a credit card account of a cardholder, comprising:first means provided at points of purchase for entering charge data including data identifying one or more sub-accounts, designated by the cardholder, to which charged transactions are to be allocated;second means for processing data for said credit card account including each of said designated sub-accounts;third means for storing said data on a storage medium;fourth means for processing said data, said processing including:(i) allocating said charged transactions to said one or more designated sub-accounts; and(ii) allocating interest accruals among said one or more designated sub-accounts to which said interest accruals are attributable;fifth means for processing said data, said processing including allocating payments made by the cardholder to said one or more designated sub-accounts; andsixth means for processing periodic statements, said processing including:(i) calculating said charged transactions, said interest accruals, and said payments made by the cardholder;(ii) allocating said calculated charged transactions, said calculated interest accruals and said calculated payments to said one or more designated sub-accounts; and(iii) generating the periodic statements including a report showing said calculated charged transactions, said calculated interest accruals, and said calculated payments on both a sub-account basis and a cumulative basis for the credit card account.