System and method for funding a collective account by use of an electronic tag
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Abstract
A system and method for funding a collective account via aggregating usage of electronic tags is disclosed. The system and method promotes the use of electronic tags, and the funding of collective accounts that may be associated with charitable or other philanthropic causes. Further benefits may be realized by replenishing the prefunded account that serves as the source of funds for the electronic tag to an affinity account that also benefits the charitable or other philanthropic cause.
167 Citations
56 Claims
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1-35. -35. (canceled)
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36. A method for attributing a reward to an individual account and a collective account, comprising:
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associating an RFID tag with an individual account, wherein the individual account and the RFID tag are both associated with the tagholder and a financial institution and at least one organization, wherein the tagholder is the holder of the individual account and the financial institution issues the individual account, wherein further the financial institution comprises one or more host computers;
aggregating purchase amounts for purchases made from a plurality of merchants using the individual account as a payment source;
determining if any of the purchases that were made using the individual account as attributing the first reward to the individual account;
attributing the second reward to a collective account associated with the at least one organization, wherein the at least one organization comprises at least one of a business organization, a trade organization, a political party, a religious organization, an athletic organization, a professional society, an educational organization, a charitable organization, a fund-raising organization, or a governmental organization, or combinations thereof; and
distributing the first reward to the tagholder from the financial institution. - View Dependent Claims (37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56)
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Specification