Patent ID: 8560353

Claim:
A receipt insurance credit card payment system for purchase transactions by use of receipt-insured-credit-cards as payment in conjunction with hardware and software configured for purchase transaction receipt data processing and management whereby receipt for purchase transactions by use of receipt-insured-credit-cards are insured under an insurance agreement, the receipt insurance credit card payment system comprising: an insurance agreement between a receipt insurer and a credit card issuer in connection with a credit card account to provide a receipt-insured-credit-card by which a cardholder of a receipt-insured-credit-card issued by a receipt-insured-credit-card issuer is insured under the insurance agreement against loss of rights related to a receipt for a purchase transaction made with the receipt-insured-credit-card; a computer server connected to a computing device of a cardholder by which an account for a receipt-insured-credit-card is arranged; the receipt-insured-credit-card configured for acceptance as payment by a retailer by a communication device for a purchase transaction as a charge against a receipt-insured-credit-card account; a data transfer connection between the retailer and the receipt-insured-credit-card issuer for transfer of receipt data including an itemized listing of goods for purchase transactions by receipt-insured-credit-cards from the retailer to the receipt-insured-credit-card issuer or to the receipt insurer or to the cardholder, and a queinq server and a data storage device configured to receive and store the receipt data for access by the receipt-insured-credit-card cardholder or the receipt insurer; wherein the insurance agreement is incorporated in terms of issuance between the receipt-insured-credit-card issuer and cardholders of receipt-insured-credit-cards, and a receipt-insured-credit-card cardholder is insured under the insurance agreement against loss of rights related to a receipt for a purchase transaction made with the receipt-insured-credit-card upon use of the receipt-insured-credit-card as payment for a purchase transaction by the communication device.