US 12,033,124 B2
System and method for billpay using credit-based products
Howard Spector, Street, MD (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 Jun. 14, 2023, as Appl. No. 18/335,041.
Application 18/335,041 is a continuation of application No. 16/426,505, filed on May 30, 2019, granted, now 11,748,725.
Claims priority of provisional application 62/678,021, filed on May 30, 2018.
Prior Publication US 2023/0325799 A1, Oct. 12, 2023
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 20/14 (2012.01); G06Q 20/04 (2012.01); G06Q 20/24 (2012.01); G06Q 20/34 (2012.01)
CPC G06Q 20/14 (2013.01) [G06Q 20/0425 (2013.01); G06Q 20/24 (2013.01); G06Q 20/342 (2013.01)] 14 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;
retrieving, 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 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 mechanism requires preauthorization;
generating, by the information processing apparatus, a first temporary credit account and setting a credit limit of the first temporary credit account to the monetary amount owed to the merchant;
generating, by the information processing apparatus, a second temporary credit account and setting a credit limit of the second temporary credit account to a preauthorization amount;
conducting, by the information processing apparatus, the customer transaction with the first temporary credit card account for the monetary amount and the second temporary credit card account for the preauthorization amount using the selected pay by credit card payment mechanism; and
charging, by the information processing apparatus, the monetary amount to the selected credit card.