System, Method, And Program Product For Foreign Currency Travel Account
First Claim
1. A system for securing foreign destination currency funds for a traveler for prospective travel in a selected foreign destination country commencing on a preselected travel date, the system comprising:
- a domestic financial institution computer positioned at a domestic financial institution site to define a domestic financial institution server, the domestic financial institution server having a processor and memory operably coupled thereto;
a remote user computer positioned remote from both the domestic financial institution server and a foreign destination country financial institution computer and in communication with the domestic financial institution server through a communication network, the foreign destination country financial institution computer positioned at a foreign financial institution site located in the selected foreign destination country in communication with the domestic financial institution server through the communication network;
the domestic financial institution server configured to perform the operations of;
receiving traveler personnel identification data for a traveler, a travel date established by the traveler defining a preselected travel date, and indicia of the selected foreign destination country collectively defining travel arrangement data from the remote user computer through the communication network, to establish an interest-bearing foreign destination currency transaction account to thereby secure foreign destination currency funds for the traveler at a substantially current foreign exchange rate for use by the traveler in the selected foreign destination country on and after the preselected travel date, the preselected travel date being substantially later than a date the travel arrangement data is received and used to establish a transaction account maturity date,determining the foreign exchange rate for conversion of domestic currency funds to the foreign destination currency funds for the foreign destination country and substantially all fees associated therewith responsive to the receiving of the indicia of the selected foreign destination country,presenting the determined foreign exchange rate and associated exchange fees to the remote user computer through the communication network,receiving an indication of an amount of traveler desired foreign destination currency funds to open the interest-bearing foreign destination currency transaction account and at least indicia of a traveler selected domestic currency funds payment method from the remote user computer through the communication network,establishing the interest-bearing foreign destination currency transaction account responsive to one or more of the following;
the receiving of the amount of traveler desired foreign destination currency funds to open the interest-bearing foreign destination currency transaction account and the receiving of the at least indicia of the traveler selected domestic currency funds payment method, the interest-bearing foreign destination currency transaction account funded by the domestic currency funds provided by the traveler,establishing a maturity date for the interest-bearing foreign destination currency transaction account responsive to the preselected travel date, andresponsive to passage of a date associated with the preselected travel date, providing the traveler fund access to the foreign destination currency funds via a debit card.
2 Assignments
0 Petitions
Accused Products
Abstract
Systems, program product, and methods for securing or procuring destination currency funds for a traveler to be used for travel in a destination country commencing at a scheduled future travel date, are provided. A system can include a domestic financial institution server including foreign destination currency transaction account program product. The system provides for establishing an interest-bearing foreign destination currency transaction account having a user-selected maturity date coinciding with a preselected travel date, and near, but prior to the preselected travel date, providing to the traveler a travel debit card having access to the balance of foreign destination currency finds including both principal and accrued interest.
-
Citations
31 Claims
-
1. A system for securing foreign destination currency funds for a traveler for prospective travel in a selected foreign destination country commencing on a preselected travel date, the system comprising:
-
a domestic financial institution computer positioned at a domestic financial institution site to define a domestic financial institution server, the domestic financial institution server having a processor and memory operably coupled thereto; a remote user computer positioned remote from both the domestic financial institution server and a foreign destination country financial institution computer and in communication with the domestic financial institution server through a communication network, the foreign destination country financial institution computer positioned at a foreign financial institution site located in the selected foreign destination country in communication with the domestic financial institution server through the communication network; the domestic financial institution server configured to perform the operations of; receiving traveler personnel identification data for a traveler, a travel date established by the traveler defining a preselected travel date, and indicia of the selected foreign destination country collectively defining travel arrangement data from the remote user computer through the communication network, to establish an interest-bearing foreign destination currency transaction account to thereby secure foreign destination currency funds for the traveler at a substantially current foreign exchange rate for use by the traveler in the selected foreign destination country on and after the preselected travel date, the preselected travel date being substantially later than a date the travel arrangement data is received and used to establish a transaction account maturity date, determining the foreign exchange rate for conversion of domestic currency funds to the foreign destination currency funds for the foreign destination country and substantially all fees associated therewith responsive to the receiving of the indicia of the selected foreign destination country, presenting the determined foreign exchange rate and associated exchange fees to the remote user computer through the communication network, receiving an indication of an amount of traveler desired foreign destination currency funds to open the interest-bearing foreign destination currency transaction account and at least indicia of a traveler selected domestic currency funds payment method from the remote user computer through the communication network, establishing the interest-bearing foreign destination currency transaction account responsive to one or more of the following;
the receiving of the amount of traveler desired foreign destination currency funds to open the interest-bearing foreign destination currency transaction account and the receiving of the at least indicia of the traveler selected domestic currency funds payment method, the interest-bearing foreign destination currency transaction account funded by the domestic currency funds provided by the traveler,establishing a maturity date for the interest-bearing foreign destination currency transaction account responsive to the preselected travel date, and responsive to passage of a date associated with the preselected travel date, providing the traveler fund access to the foreign destination currency funds via a debit card. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
-
-
11. Foreign destination currency transaction account computer program product to secure foreign destination currency funds for the traveler for use in a selected foreign destination country, the computer program product stored in a tangible computer readable medium and comprising a set of instructions that, when executed by a financial institution computer configured to access and execute the set of instructions, cause the financial institution computer to perform the operations of:
-
receiving traveler personnel identification data for a traveler, a travel date established by the traveler defining a preselected travel date, and indicia of the selected foreign destination country collectively defining travel arrangement data, from a remote user computer through a communication network to establish an interest-bearing foreign destination currency transaction account to thereby secure foreign destination currency funds for the traveler at a substantially current foreign exchange rate for use by the traveler in the selected foreign destination country on and after the preselected travel date, the preselected travel date being substantially later than a date the travel arrangement data is received and used by the financial institution computer to establish a transaction account maturity date; determining the foreign exchange rate for conversion of domestic currency funds to the foreign destination currency funds for the foreign destination country and substantially all fees associated therewith responsive to the receiving of the indicia of the selected foreign destination country; providing the determined foreign exchange rate and associated exchange fees to the remote user computer through the communication network; receiving an indication of an amount of traveler desired foreign destination currency funds to open the interest-bearing foreign destination currency transaction account and at least indicia of a traveler selected domestic currency funds payment method from the remote user computer through the communication network; establishing the interest-bearing foreign destination currency transaction account responsive to one or more of the following;
the receiving of the amount of traveler desired foreign destination currency funds to open the interest-bearing foreign destination currency transaction account and the receiving of the at least indicia of the traveler selected domestic currency funds payment method, the interest-bearing foreign destination currency transaction account funded by the domestic currency funds provided by the traveler;establishing a maturity date for the interest-bearing foreign destination currency transaction account responsive to the preselected travel date; and responsive to passage of a date associated with the preselected travel date, providing the traveler fund access to the foreign destination currency funds via a debit card. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
-
-
21. A method of securing foreign destination currency funds for a traveler for prospective travel in a selected foreign destination country commencing on a preselected travel date, the method comprising the steps of:
-
receiving by a domestic financial institution computer, an indication of provision of domestic currency funds from a traveler to be used to fund a foreign destination currency transaction account; responsive to the receiving of the indication of domestic currency funds from the traveler, the domestic financial institution computer establishing an interest-bearing foreign destination currency transaction account to secure foreign destination currency funds for the traveler at an at least substantially current foreign exchange rate for use in a traveler selected foreign destination country at a substantially later travel date established by the traveler defining a preselected travel date, the foreign destination currency transaction account having an origination date, a maturity date at or near the preselected travel date, and an interest rate to be applied to the foreign destination currency funds at a specified rate for a period between the origination date of the transaction account and the maturity date, the preselected travel date being substantially after the origination date, the transaction account funded by the domestic currency funds provided by the traveler; converting the domestic currency funds to the foreign destination currency funds responsive to one or more of the following;
the receiving of the indication of provision of the domestic currency funds from the traveler and the establishing of the interest-bearing foreign destination currency transaction account, a foreign exchange rate for conversion of the domestic currency funds to the foreign destination currency funds established at a date at or near the origination date of the foreign destination currency transaction account; andproviding a travel debit card to the traveler on a delivery date immediately prior to the preselected travel date and substantially after the origination date, the debit card having access to foreign destination currency finds on and after the maturity date, the foreign destination currency funds accessible to the travel debit card and having a value substantially equal to a value of a balance of the destination currency transaction account at the maturity date, the value of the balance of the destination currency transaction account at the maturity date including interest accrued on the transaction account between the origination date and the maturity date. - View Dependent Claims (22, 23, 24, 25, 26, 27, 28, 29, 30, 31)
-
Specification