Discount Funded Savings

• US 20110218908A1
• Filed: 09/27/2010
• Published: 09/08/2011
• Est. Priority Date: 09/27/2009
• Status: Abandoned Application

• Current Assignee: Timothy P. Johnson
• Original Assignee: Timothy P. Johnson
• Inventors: Johnson, Timothy P.
• Application Number:
  US12/891,404
• Publication Number:
  US 20110218908A1
• 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

Abstract

Disclosed is a method and system for Discount Funded Savings wherein an account is funded by the savings generated from the use of coupons or retailer discounts.

Claims

1. A method for establishing and managing a Discount Funded Savings Account, the method comprising the following steps:

a. creating an account for each subscribing consumer

b. calculating the amount available for funding of the account based on savings generated from the use of coupons or retailer discounts

c. funding the account based on consumer instructions and the calculated savings generated from the use of coupons or retailer discounts

2. A system for establishing and managing a Discount Funded Savings Account, the system comprising the following steps:

a. creating an account for each subscribing consumer

b. calculating the amount available for funding of the account based on savings generated from the use of coupons or retailer discounts

c. funding the account based on consumer instructions and the calculated savings generated from the use of coupons or retailer discounts