Credit-card based retirement fund system and method
First Claim
1. A computerized method for providing an investment fund comprising the steps of:
- a) establishing a computerized credit based account with a credit card issuer for the benefit of a credit card holder,b) providing a computerized investment account with a financial institution for the benefit of the credit card holder;
c) determining if the credit card holder has independently deposited funds into the investment account in a particular period;
d) electronically transferring funds automatically to the computerized investment account by the credit card issuer with a predetermined amount of money specified by the credit card holder on a periodic basis, only when the credit card holder has not independently deposited funds into the investment account in said particular period; and
e) charging an amount of money so funded against the credit based account of the credit card holder.
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Accused Products
Abstract
A method and system for providing an investment fund, such as a long term investment fund which may be suitable for retirement purposes, comprising the steps of establishing a credit based account with a credit card issuer for the benefit of a credit card holder, providing an investment account with a financial institution for the benefit of the credit card holder, funding the investment account by the credit card issuer with a predetermined amount of money on a periodic basis, and charging an amount of money so funded against the credit based account of the credit card holder. In addition, disclosed is a method and system providing an investment fund is based on purchase rebates, comprising the steps of establishing a credit based account with a credit card issuer for the benefit of a credit card holder, providing a long term investment account with a financial institution for the benefit of the credit card holder, ascertaining the total amount of money charged by the credit card holder in subscriber merchants in a particular period of time, and providing a rebate by the credit card issuer to the credit card holder by funding the investment account of the credit card holder with a predetermined percentage of said total amount so ascertained.
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Citations
12 Claims
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1. A computerized method for providing an investment fund comprising the steps of:
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a) establishing a computerized credit based account with a credit card issuer for the benefit of a credit card holder, b) providing a computerized investment account with a financial institution for the benefit of the credit card holder; c) determining if the credit card holder has independently deposited funds into the investment account in a particular period; d) electronically transferring funds automatically to the computerized investment account by the credit card issuer with a predetermined amount of money specified by the credit card holder on a periodic basis, only when the credit card holder has not independently deposited funds into the investment account in said particular period; and e) charging an amount of money so funded against the credit based account of the credit card holder. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A computerized system for providing an investment fund comprising:
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a) means for establishing a computerized credit based account with a credit card issuer for the benefit of a credit card holder; b) means for providing a computerized investment account with a financial institution for the benefit of the credit card holder; c) means for determining if the credit card holder has independently deposited funds into the investment account in a particular period; d) means for electronically transferring funds automatically to the computerized investment account by the credit card issuer with a predetermined amount of money specified by the credit card holder on a periodic basis, only when the credit card holder has not independently deposited funds into the investment account in said particular period; and e) means for charging an amount of money so funded against the credit based account of the credit card holder. - View Dependent Claims (12)
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Specification