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Method and apparatus for mapping sources and uses of consumer funds

  • US 20030208445A1
  • Filed: 11/13/2002
  • Published: 11/06/2003
  • Est. Priority Date: 12/29/1999
  • Status: Abandoned Application
First Claim
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1. A bill-paying system, comprising:

  • a designated deposit account or savings account (DDA) belonging to a debtor that is periodically credited with a payroll income on a first regular schedule;

    a custody account belonging to a service provider that is credited with debits to the DDA by an originating depository financial institution (ODFI);

    a creditor account belonging to a creditor of said debtor that is credited on a periodic basis with a payment debit to the custody account on a second regular schedule; and

    a mechanism for determining an amount and date that said ODFI is instructed to transfer funds between the DDA, custody account, and creditor account; and

    at least one of;

    a trust finder mechanism;

    a campaign product;

    a subscription transaction table;

    one or more account policies, each account policy having one or more disbursement schedules;

    one or more subscriptions to which a debtor may subscribe.

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