Payment milestones for improved financial health

The disclosed technology provides enhanced financial statements such as credit statements that provide customized payment options to a customer that takes into account the total amount owed by the customer, and past payments made by the customer. The customized payment options are determined with th...

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Bibliographic Details
Main Authors Haggerty, David T, McIndoe, Katie M, Heard, Richard W, Artemiw, Michael, Franco, Christine A, Obeid, Fadi S, Steele, Glen W, Fisher, Jarad M, Melim, Aaron M, McLachlan, Mischa K, Kakarla, Rima, Nagre, Ashish C, Suresh, Akila
Format Patent
LanguageEnglish
Published 07.11.2023
Subjects
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Summary:The disclosed technology provides enhanced financial statements such as credit statements that provide customized payment options to a customer that takes into account the total amount owed by the customer, and past payments made by the customer. The customized payment options are determined with the goal of providing more payment options that encourage financial health, while not overwhelming the customer with too many options or irrelevant options. The customized payment options can be displayed in an interactive user interface for paying a credit statement that can visually inform a user of the benefit of the respective payment options with respect to the impact of the respective payment option on the customer's financial health-at least as it pertains to a credit account for which the statement was issued.
Bibliography:Application Number: US202217828954