US 11,748,725 B2
System and method for billpay using credit-based products
Howard Spector, Woolwich, NJ (US); Krishna K. Bhagavatula, Los Altos, CA (US); Scott H. Ouellette, Kingston, NH (US); Winter P. Ng, Lutz, FL (US); and Devin C. Moore, Columbus, OH (US)
Assigned to JPMORGAN CHASE BANK, N.A., New York, NY (US)
Filed by JPMORGAN CHASE BANK, N.A., New York, NY (US)
Filed on May 30, 2019, as Appl. No. 16/426,505.
Claims priority of provisional application 62/678,021, filed on May 30, 2018.
Prior Publication US 2019/0370768 A1, Dec. 5, 2019
Int. Cl. G06Q 20/14 (2012.01); G06Q 20/04 (2012.01); G06Q 20/34 (2012.01); G06Q 20/24 (2012.01)
CPC G06Q 20/14 (2013.01) [G06Q 20/0425 (2013.01); G06Q 20/24 (2013.01); G06Q 20/342 (2013.01)] 19 Claims
OG exemplary drawing
 
1. A method for online billpay using a credit product, comprising:
receiving, at an information processing apparatus and from a user interface, an identification of a merchant for online credit-based bill pay;
sending, by the information processing apparatus, an electronic communication to the merchant, wherein the electronic communication requests an indication of payment mechanisms accepted by the merchant;
receiving, by the information processing apparatus, a plurality of accepted payment mechanisms from the merchant, wherein one of the plurality of accepted payment mechanisms comprises a payment-by-credit card payment mechanism;
selecting, by the information processing apparatus, the payment-by-credit card payment mechanism from the plurality of accepted payment mechanisms;
receiving, by the information processing apparatus, a selection of a credit card for paying the merchant;
receiving, by the information processing apparatus, an invoice for a customer transaction with the merchant, the invoice including an indication of a monetary amount owed to the merchant;
determining, by the information processing apparatus, that payment of the invoice using the payment-by-credit card payment mechanism requires preauthorization;
generating, by the information processing apparatus, a temporary credit account and setting a credit limit of the temporary credit account to a preauthorization amount that includes the monetary amount owed to the merchant plus an additional amount for preauthorization;
conducting, by the information processing apparatus, the customer transaction for the monetary amount and a pre-authorization amount with the temporary credit account using the selected payment-by-credit card payment mechanism; and
charging, by the information processing apparatus, the monetary amount to the selected credit card.