FINANCIAL LIFESTYLE NAVIGATOR AND BANKING SYSTEM
First Claim
1. An electronic financial management and banking system, comprising:
- an account creation module for creating a secure user account on the system;
an account balance module for tracking monetary transactions and maintaining an account balance for the user account; and
a goal module, wherein a user establishes a financial goal that is tracked in association to the account balance.
2 Assignments
0 Petitions
Accused Products
Abstract
Methods and systems for electronic financial management integrate many aspects of the typical banking system with exciting educational and social tools to engage users to participate in and learn about the value of fiscal management. A web application for a network site may be employed to allow users to establish accounts. Joint accounts may be established for teens or other users without the capacity or experience to independently manage money, providing custodians control over the joint account and opportunities to interactively engage the user via effective fiscal management tools. Aspects of the methods and systems for financial management may provide interactive opportunities for users to, for example, manage money, set goals, track finances, pay bills, shop savvy, solicit advice from friends and family, and obtain answers to financial questions. Web applications may provide users mobile and on line access to financial information, financial management tools, and vendor products and services.
307 Citations
33 Claims
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1. An electronic financial management and banking system, comprising:
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an account creation module for creating a secure user account on the system; an account balance module for tracking monetary transactions and maintaining an account balance for the user account; and a goal module, wherein a user establishes a financial goal that is tracked in association to the account balance. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A method for financial management via a processor, the method comprising:
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receiving a request for establishing a user account; transmitting transactional data to and receiving transactional data from a bank for maintaining an account balance for the user account; receiving one or more spending goals for the user account; allocating a portion of the account balance to the one or more spending goals; and providing feedback of the spending goals and account balance to the user. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A computer-implemented method of financial management, the computer comprising a data repository, the method comprising:
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providing an interface for a user to establish a user account; securely communicating user account information with a financial institution to establish an account; coordinating account balance data between the financial institution and the data repository; configuring the interface to provide the user access to account balance information; configuring the interface to provide the user an opportunity to establish spending goals, wherein the spending goals are associated with the account balance; and providing the user with feedback on progress toward achieving the spending goals.
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22. A system for financial management, the system comprising:
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a processor; a user interface functioning via the processor; a repository accessible by the processor; a user account established via the user interface; an account balance of available funds that tracks the deposit and withdrawal transactions of a financial institution account; and means for a user to define goals, the goals stored in the repository for retrieval and comparison to the available funds. - View Dependent Claims (23, 24, 25, 26, 27, 28, 29, 30, 31, 32)
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33. A computer program product comprising a computer usable medium having control logic stored therein for causing a computer to perform financial management calculations, the control logic comprising:
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a first computer readable program code means to establish a user account for financial management; a second computer readable program code means to maintain an account balance based on funds deposited and withdrawn from a financial institution account; a third computer readable program code means to establish a spending goal that is tracked in coordination with the account balance; and a fourth computer readable program code means for providing the user access to user account information.
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Specification