ACCRUAL SYSTEM, METHOD, PRODUCT, AND APPARATUS

• US 20040111366A1
• Filed: 08/01/2003
• Published: 06/10/2004
• Est. Priority Date: 08/03/2002
• Status: Active Application

• Current Assignee: Eric Schneider
• Original Assignee: Eric Schneider
• Inventors: Schneider, Eric
• Application Number:
  US10/604,598
• Publication Number:
  US 20040111366A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising

Abstract

When at a first time, a non-monetary principal corresponding to a second time is received from one of a input, first data record, computer readable medium, machine readable code, internal automation, external automation, activation of a hyperlink, network resource redirection, and user interface element such as one of a browser location field, text box, command line, speech to text interface, optical recognition interface, and magnetic recognition interface, an accrued non-monetary interest can then be calculated from the non-monetary principal, the first time, and the second time.

Claims

1. An account statement comprising:

a date; and

an account balance corresponding to said date wherein at least a portion of said account balance includes an account interest and one of an account balance and account interest is representative of an amount that is not legal tender.

2. The account statement, as set forth in claim 1, further including an account statement provider sending the account statement to an account holder of the account statement.

3. The account statement, as set forth in claim 1, further including an account holder requesting the account statement from an account statement provider.

4. The account statement, as set forth in claim 1, wherein the amount that is not legal tender is selected from a group consisting of an amount of product, amount of service, amount of reward, amount of points, amount of time, amount of space, amount of distance, amount of light, amount of mass, amount of volume, amount of storage, amount of bandwidth, and amount of energy.

5. A computer program product comprising computer readable program code stored on a computer readable medium, the program code adapted to one of a generate, store, access, create, update, append, report, print, overwrite, send, forward, and distribute an account statement having a date and an account balance corresponding to said date wherein at least a portion of said account balance includes an account interest and one of an account balance and account interest is representative of an amount that is not legal tender.

6. In a device having access to one of a memory and storage with a program stored therein, said program adapted to generate an amount, a method comprising:

receiving at a first time, a first amount corresponding to a second time; and

, generating a second amount from said first amount, said first time, and said second time, wherein one of a first amount and second amount is representative of an amount that is not legal tender.

7. The method, as set forth in claim 6, wherein said receiving said first amount corresponding to said second time includes receiving said first amount corresponding to said second time from one of a first data record, computer readable medium, machine readable code, internal automation, external automation, activation of a hyperlink, network resource redirection, and input.

8. The method, as set forth in claim 7, further including updating said first data record by replacing said first amount with said second amount and said second time with said first time.

9. The method, as set forth in claim 7, further including appending said second amount and said first time to said first data record.

10. The method, as set forth in claim 7, further including generating from said first data record, a second data record having said second amount and said first time.

11. The method, as set forth in claim 10, wherein one of a first data record, second data record, input, computer readable medium, and machine readable code corresponds to an account.

12. The method, as set forth in claim 11, wherein said account is one of the group consisting of a membership account, reward account, prepaid account, checking account, savings account, investment account, retirement account, credit account, and debit account.

13. The method, as set forth in claim 11, wherein said account is issued from one of a bank and account provider.

14. The method, as set forth in claim 13, wherein said account provider is one of a card provider, subscription provider, service provider, utility provider, and phone provider.

15. The method, as set forth in claim 7, wherein said receiving said one of a first amount, first time, and second time from input includes inputting said one of a first amount, first time, and second time from a user interface element.

16. The method, as set forth in claim 15, wherein said inputting said one of a first amount, first time, and second time from a user interface element further includes inputting said one of a first amount, first time, and second time into one of a browser location field, text box, command line, speech to text interface, optical recognition interface, and magnetic recognition interface.

17. The method, as set forth in claim 6, wherein said first amount is a principal and said generating said second amount includes adding an interest to said principal.

18. The method, as set forth in claim 17, further including calculating said interest.

19. The method, as set forth in claim 18, wherein said calculating said interest includes calculating said interest from one of an interest rate and interest type.

20. The method, as set forth in claim 19, wherein said interest rate is one of the group consisting of a fixed rate and variable rate and said interest type is one of the group consisting of a simple interest, compound interest, and continuous interest.

21. The method, as set forth in claim 6, wherein the amount of time between said first time and said second time corresponds to one of a billing period and interest period.

22. The method, as set forth in claim 6, wherein said first amount is of a first amount type and said second amount is of a second amount type.

23. The method, as set forth in claim 22, wherein said generating said second amount includes consulting an amount type conversion table for converting said first amount type to said second amount type.

24. The method, as set forth in claim 6, wherein one of a first amount and second amount is one of an amount of product, amount of service, amount of reward, amount of points, amount of time, amount of space, amount of distance, amount of light, amount of mass, amount of volume, amount of storage, amount of bandwidth, and amount of energy.

25. An apparatus comprising:

a processor;

one of a memory and storage in operative association with said processor;

means for receiving at a first time, a first amount corresponding to a second time; and

, means for generating a second amount from said first amount, said first time, and said second time, wherein one of a first amount and second amount is representative of an amount that is not legal tender.

26. A computer program product comprising computer readable program code stored on a computer readable medium, the program code adapted to execute the method for receiving at a first time, a first amount corresponding to a second time, and generating a second amount from said first amount, said first time, and said second time, wherein one of a first amount and second amount is representative of an amount that is not legal tender.