Patent ID: 8280807

Claim:
A computer system for transferring and utilising reusable credit including: a computer network configured to store in memory a plurality of credit cards/accounts with at least one credit card account having at least two lines of credit including a standard line of credit and a reusable line of credit; wherein the standard line of credit is issued by an issuing entity linked to a credit account of at least one party's credit card/account, and the reusable line of credit for receiving reusable credit from an unlinked credit account of at least one other party's credit card/account; a computer network configured for reusable credit transfer processing (RTCP) system wherein upon request the RCTP system is adapted to transfer at least part of the available credit from one credit card account of the other party's credit card account to the at least one party's credit card account, via at least one communication network; a computer network configured for reusable credit accounting and transaction processing (RCATP) system wherein the RCATP system is designed to receive transfer details from a bank/institution transferring the reusable line of credit and maintain and manage separate individual accounts which contain reusable credit balances; and a computer network configured for reusable credit merchant acceptance (RCMA) wherein the RCMA system is designed to receive and use transferred reusable line of credit from the reusable credit balances and separately or in combination with using credit from the credit account from the standard line of credit; whereby the transferring and utilising reusable credit provides a means for enabling the at least one other party to be a sender to transfer reusable line of credit to the at least one party to be a recipient for use for the purchase of goods/services and/or payment from the at least one other party credit card/account holder.