Patents by Inventor Rimas Kapeskas

Rimas Kapeskas has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Systems and associated methods for providing projected incentive based loans
    Patent number: 7729980
    Abstract: An incentive based loan method and related system provides a loan to a purchaser in association with the purchase of goods or services. An amount of purchases to be made by a purchaser, such as a small business, is projected over a period of time. The purchases can be goods or services, such as package shipping services. Based on the amount of the projected purchases, an incentive rate is agreed upon by the seller of the goods or services and the purchaser. In lieu of receiving the discounted rate on the goods or services during the period of time, the present value of the total incentives to be earned over the projection period is loaned to the purchaser. The purchaser thereafter pays list price for the goods or services, and the incentives earned are applied to the required loan payment.
    Type: Grant
    Filed: July 1, 2004
    Date of Patent: June 1, 2010
    Assignee: United Parcel Service of America, Inc.
    Inventors: Phil Mittenzwei, Rimas Kapeskas
  • Systems and associated methods for providing projected incentive based loans
    Publication number: 20060004650
    Abstract: An incentive based loan method and related system provides a loan to a purchaser in association with the purchase of goods or services. An amount of purchases to be made by a purchaser, such as a small business, is projected over a period of time. The purchases can be goods or services, such as package shipping services. Based on the amount of the projected purchases, an incentive rate is agreed upon by the seller of the goods or services and the purchaser. In lieu of receiving the discounted rate on the goods or services during the period of time, the present value of the total incentives to be earned over the projection period is loaned to the purchaser. The purchaser thereafter pays list price for the goods or services, and the incentives earned are applied to the required loan payment.
    Type: Application
    Filed: July 1, 2004
    Publication date: January 5, 2006
    Inventors: Phil Mittenzwei, Rimas Kapeskas