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Integrated system for controlling master account and nested subaccount(s)

  • US 5,826,243 A
  • Filed: 01/03/1994
  • Issued: 10/20/1998
  • Est. Priority Date: 01/03/1994
  • Status: Expired due to Term
First Claim
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1. A data processing system for managing a plurality of accounts, wherein each account includes a master account, is held by a first individual, and is directed to particular profile of financial attributes and capabilities, comprising:

  • account input means for receiving account transactions from said individual corresponding to account activity inquiries and account asset transfers in a master account;

    account processing means for creating and controlling one or more subaccounts associated with said master account, wherein said account processor permits a particular profile of account transactions to be associated with each said subaccount, said profile representing a subset of transaction functions or identifications associated with said master account; and

    account reporting means for creating, displaying, or outputting reports corresponding to transactions undertaken for each account on a periodic basis.

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