System and Method to Consolidate and Update A User's Financial Account Information
First Claim
1. A computer implemented method for Users to consolidate and update Users'"'"' financial account information on a networked System database comprising electronic debiting and crediting information for one or more of a User'"'"'s financial account(s), and then automatically updating the User'"'"'s information on a Third Party'"'"'s database, comprising:
- a) Users consolidating and updating a Users'"'"' financial account(s) information in a System database;
b) connecting to the System by Third Party Systems, wherein said Third Party Systems are authorized to electronically deduct or credit one or more of said Users'"'"' account(s);
c) granting by the System only the Users'"'"' account(s) information said Third Party Systems are authorized to receive; and
,d) making previously identified data available by the System for download by Third Party Systems, wherein said data comprises account information a Third Party needs for electronically deducting or crediting a User'"'"'s account.
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Accused Products
Abstract
Computer software, systems and methods preventing automatic deductions/credits to a User'"'"'s financial account from being interrupted when a User changes the account. A User inputs information for one or more of their financial accounts into a record stored on a server database that is accessible from the User'"'"'s electronic communications device. When the User changes information within the System database for one of their financial accounts, the System will automatically or periodically perform updates of the information on a Third Party database; or the Third Party server will request the updated information, wherein the Third Party is authorized to electronically debit or credit the account. Therefore, the User is not required to individually contact each Third Party with their updated account information, such as for monthly membership deductions, direct deposit of paychecks and retirement account contributions, and stored credit cards for online shopping.
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Citations
20 Claims
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1. A computer implemented method for Users to consolidate and update Users'"'"' financial account information on a networked System database comprising electronic debiting and crediting information for one or more of a User'"'"'s financial account(s), and then automatically updating the User'"'"'s information on a Third Party'"'"'s database, comprising:
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a) Users consolidating and updating a Users'"'"' financial account(s) information in a System database; b) connecting to the System by Third Party Systems, wherein said Third Party Systems are authorized to electronically deduct or credit one or more of said Users'"'"' account(s); c) granting by the System only the Users'"'"' account(s) information said Third Party Systems are authorized to receive; and
,d) making previously identified data available by the System for download by Third Party Systems, wherein said data comprises account information a Third Party needs for electronically deducting or crediting a User'"'"'s account. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A computer implemented method for Users to consolidate and update Users'"'"' financial account information on a networked System database comprising electronic debiting and crediting information for one or more of a User'"'"'s financial account(s), and then automatically updating the User'"'"'s information on a Third Parties'"'"' database, comprising:
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a) Users consolidating and updating Users'"'"' financial account(s) information in a System database; b) identifying by the System the Third Party Systems authorized to electronically deduct or credit from each of Users'"'"' financial account(s); c) identifying by the System new User and updated User financial account(s) information to provide the Third Party Systems; and
,d) connecting by the System to the Third Party Systems and downloading the updates to the Third Party databases. - View Dependent Claims (8, 9, 10)
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11. A networked financial account management system for a User to consolidate and update a User'"'"'s financial account information and to automatically update the User'"'"'s information on a Third Party'"'"'s database, comprising:
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a) a server System comprising; a central database storing a record for each User'"'"'s consolidated financial account(s) information and designated privilege levels for sharing said information with a Third Party System, wherein said Party is authorized to electronically deduct or credit said account(s); and
,a financial account information manager software on said database providing access to Third Party Systems authorized to receive said User'"'"'s financial account(s) information through a computer interface; and
,b) one or more client systems comprising a user interface with web browsing capabilities and configured to communicate with the System server via the Internet to enable Users a User to create and update their the User'"'"'s financial account(s) information on said database. - View Dependent Claims (12, 13, 14, 15)
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16. A non-transitory computer-readable medium having at least computer-executable program code tangibly embodied therein for updating an online record comprising one or more of a User'"'"'s financial account(s) information on a System database over a network, comprising:
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a) computer program code for creating a User file, inputting said User'"'"'s financial account information for one or more accounts, and transmitting said information to User'"'"'s record stored on the System database; b) computer program code for designating the Third Party Systems permitted access to each financial account within said User'"'"'s file; and
,c) computer program code for inputting an update to a data element in User'"'"'s financial account information; and
transmitting said update to User'"'"'s record stored on the System database. - View Dependent Claims (17, 18, 19, 20)
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Specification