PAY YOURSELF FIRST WITH REVENUE GENERATION

• US 20100299251A1
• Filed: 08/05/2010
• Published: 11/25/2010
• Est. Priority Date: 11/06/2000
• Status: Abandoned Application

• Current Assignee: Liberty Peak Ventures, LLC (Dominion Harbor Enterprises, LLC)
• Original Assignee: Consumer and Merchant Awareness Foundation
• Inventors: Thomas, Tracey R.
• Application Number:
  US12/851,470
• Publication Number:
  US 20100299251A1
• 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 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/384 using social networks
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0207 Discounts or incentives, e.g. coupons or rebates
• CPC Class Codes: G06Q 30/0215 Including financial accounts
• CPC Class Codes: G06Q 30/0226 Incentive systems for frequent usage, e.g. frequent flyer miles programs or point systems
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

The system identifies a revenue producing opportunity for a user. The system obtains information related to the user'"'"'s income, income sources, user'"'"'s debts (e.g., bills) and user'"'"'s goals. The system identifies a revenue producing opportunity for the user by matching user information with information regarding the opportunities. The system further provides recommendations related to the prioritization of paying certain bills and the amount to pay for each bill based upon, for example, savings goals, a community recommendation, minimizing penalties/fees associated with user'"'"'s debts, minimum amounts due, due dates and available income. The system and/or the user may then determine a payment hierarchy which includes transferring funds to the user'"'"'s savings account prior to paying all or a portion of certain bills, wherein the transfer of funds may include different funds transfer systems and methods.

Claims

1. A method comprising:

receiving, by a computer-based system for determining a savings amount and a payment hierarchy, user financial information of a user, the user financial information comprising user savings goal information, user debt information and user income information;

determining, by the computer-based system and based upon the user financial information, a revenue producing opportunity for the user;

forecasting, by the computer-based system, a new income based upon the revenue producing opportunity;

determining, by the computer-based system, the savings amount based upon the user savings goal information and the forecasting, wherein the savings amount is transferred to a user savings account; and

,

determining, by the computer, the payment hierarchy based upon the savings amount, the forecasting and the user financial information.

2. The method of claim 1, wherein the revenue producing opportunity comprises an opportunity for the user to become at least one of a franchisee, a sales representative, a retailer and a commissioned agent.

3. The method of claim 1, wherein the determining the revenue producing opportunity comprises matching an attribute of a job listing with at least a portion of the user information.

4. The method of claim 1, wherein the determining the revenue producing opportunity comprises matching a product associated with the revenue producing opportunity with at least one of an interest, an education, an income level, an income source, a debt level and a goal of the user.

5. The method of claim 1, further comprising receiving the new income from a provider of the revenue producing opportunity.

6. The method of claim 5, wherein the savings amount is transferred in response to the receiving the new income.

7. The method of claim 1, further comprising tracking a user initiated action and providing data associated with the action to a provider of the revenue producing opportunity.

8. The method of claim 1, wherein the savings amount being transferred to the user savings account comprises a provider of the revenue producing opportunity transferring new income to the user savings account.

9. The method of claim 8, further comprising determining that the new income is less than the savings amount and, in response to the determining that the new income is less than the savings amount, transferring user income to the user savings account.

10. The method of claim 1, further comprising receiving new income information associated with income earned for the new income opportunity and determining a second savings amount based upon the first savings amount and the new income information.

11. The method of claim 10, wherein the payment hierarchy is further based upon the new income information.

12. The method of claim 1, wherein the new income opportunity is received from a social network based upon social network information comprising a friend associated with the user, a group associated with the user, user profile information, user photographs, user videos and user status information, wherein the user is a member of the social network.

13. The method of claim 1, wherein the new income opportunity comprises incentives associated with at least one of reducing a user debt and achieving a user goal.

14. The method of claim 1, further comprising presenting the new income opportunity to the user via at least one of a message and a user interface.

15. The method of claim 1, further comprising receiving an acceptance, from the user, of the new income opportunity.

16. The method of claim 1, wherein at least a portion of the new income comprises loyalty points.

17. The method of claim 1, wherein the new income comprises income from a plurality of new income opportunities.

18. The method of claim 1, further comprising:

analyzing, by the computer and in response to the transfer of the savings amount, the user debt information to determine a plurality of pending debt payments; and

,

determining, by the computer, a plurality of penalties by analyzing, for each of the plurality of pending debt payments, a penalty, wherein the payment hierarchy minimizes the plurality of penalties.

19. A system for determining a savings amount and a payment hierarchy comprising:

a network interface communicating with a memory;

the memory communicating with a processor; and

the processor, when executing a computer program, is configured to;

receive user financial information of a user, the user financial information comprising user savings goal information, user debt information and user income information;

determine a revenue producing opportunity for the user;

forecast a new income based upon the revenue producing opportunity;

determine the savings amount based upon the user savings goal information and the forecasting, wherein the savings amount is transferred to a user savings account; and

,

determine the payment hierarchy based upon the savings amount, the forecasting and the user financial information.

20. A non-transitory computer-readable medium having computer-executable instructions stored thereon that, if executed by a computer for determining a savings amount and a payment hierarchy, cause the computer to perform operations comprising:

receiving user financial information of a user, the user financial information comprising user savings goal information, user debt information and user income information;

determining a revenue producing opportunity for the user;

forecasting a new income based upon the revenue producing opportunity;

determining the savings amount based upon the user savings goal information and the forecasting, wherein the savings amount is transferred to a user savings account; and

,

determining the payment hierarchy based upon the savings amount, the forecasting and the user financial information.