System for card activity-based mortgage crediting
First Claim
1. A method of using an apparatus for card activity-based mortgage crediting, the method including the steps of:
- providing a digital computer operably associated with an input device and with an output device;
associating, by said digital computer, data input at said input device, the data representing card activity with further input data representing a mortgage of a property, the mortgage including principal and interest;
determining, by said digital computer, a card activity reward by calculating a function responsive to the card activity of a cardholder;
receiving an allocation instruction from the cardholder, the allocation instruction selected from among a group presented to the cardholder, the group comprising allocating the card activity reward to the interest of the mortgage, allocating the card activity reward to the principle of the mortgage, and allocating the card activity reward to a combination of the interest and the principle of the mortgage;
crediting, by said digital computer, the card activity reward to a payment of the mortgage according to the allocation instruction of the cardholder, wherein if the allocation instruction corresponds during a year to crediting of the reward to the mortgage interest or to crediting of the reward to the combination, crediting the reward to produce a mortgage interest tax deduction for the year; and
generating, by said digital computer at said output device, output including the card activity reward being credited according to the allocation instruction of the cardholder.
1 Assignment
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Accused Products
Abstract
An electrical digital computer machine and a data processing system, methods of making and for using the machine, products produced thereby, as well as data structures and articles of manufacture pertaining thereto, and all necessary intermediates of that which is discussed herein, all in the field of computerized aspects of card crediting to mortgages and the like. More particularly, there is a method for card activity-based mortgage crediting, the method including the steps of: associating card activity with a mortgage of a cardholder; crediting an amount to the mortgage responsive to the card activity; and generating output including the charge card activity-based mortgage crediting; wherein at least some of the steps are carried out by a digital electrical computer.
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Citations
58 Claims
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1. A method of using an apparatus for card activity-based mortgage crediting, the method including the steps of:
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providing a digital computer operably associated with an input device and with an output device; associating, by said digital computer, data input at said input device, the data representing card activity with further input data representing a mortgage of a property, the mortgage including principal and interest; determining, by said digital computer, a card activity reward by calculating a function responsive to the card activity of a cardholder; receiving an allocation instruction from the cardholder, the allocation instruction selected from among a group presented to the cardholder, the group comprising allocating the card activity reward to the interest of the mortgage, allocating the card activity reward to the principle of the mortgage, and allocating the card activity reward to a combination of the interest and the principle of the mortgage; crediting, by said digital computer, the card activity reward to a payment of the mortgage according to the allocation instruction of the cardholder, wherein if the allocation instruction corresponds during a year to crediting of the reward to the mortgage interest or to crediting of the reward to the combination, crediting the reward to produce a mortgage interest tax deduction for the year; and generating, by said digital computer at said output device, output including the card activity reward being credited according to the allocation instruction of the cardholder. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 29)
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26. A method of using an apparatus in carrying out card activity-based mortgage crediting, the method including the steps of:
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providing a digital computer operably associated with an input device and an output device; associating, by said digital computer, data input at said input device, the data representing card activity with further input data representing a mortgage of a property by associating a cardholder data file with a mortgage data file, the mortgage including principal and interest; determining, by said digital computer, a card activity reward by calculating a function responsive to the card activity of a cardholder; responding, by said digital computer, to an instruction of the cardholder to credit the card activity reward to a payment of the mortgage, by using the associated data files in allocating the card activity reward to the interest of the mortgage, allocating the card activity reward to the principle of the mortgage, or allocating the card activity reward to a combination of the interest and the principle, according to the allocation instruction; and generating, by said digital computer at said output device, output including the card activity reward being credited according to the allocation instruction of the cardholder. - View Dependent Claims (27, 28)
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30. A digital electrical computer system programmed to carry out card activity-based mortgage reward crediting, the system including:
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a data processing system comprising a digital electrical computer electrically connected to an input device for inputting data and to an output device; the digital electrical computer programmed to carry out the steps of associating data input at said input device, the data representing card activity of a cardholder with further input data representing a mortgage of a property, the mortgage including principal and interest, determining a card activity reward by calculating a function responsive to the card activity, receiving an allocation instruction from the cardholder, the allocation instruction selected from among a group presented to the cardholder, the group comprising allocating the card activity reward to the interest of the mortgage, allocating the card activity reward to the principle of the mortgage, and allocating the card activity reward to a combination of the interest and the principle of the mortgage, and crediting the card activity reward to a monthly payment of the mortgage according to the allocation instruction of the cardholder, wherein if the allocation instruction corresponds during a year to crediting of the reward to the mortgage interest or to crediting the reward to the combination, crediting the reward such that the cardholder has a mortgage interest tax deduction for the year, and to generate output including the card activity reward being credited according to the allocation instruction of the cardholder.
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31. A digital electrical computer system programmed to carry out card activity-based mortgage reward crediting, including:
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a data processing system comprising a digital electrical computer electrically connected to an input device for inputting data and to an output device;
the digital electrical computer programmed to carry out the operations of;associating data input at said input device, the data representing card activity with further input data representing a mortgage of a property by associating a cardholder data file with a mortgage data file, the mortgage including principal and interest; determining a card activity reward by calculating a function responsive to the card activity of a cardholder; responding to an instruction of the cardholder to credit the card activity reward to a payment of the mortgage, by using the associated data files in allocating the card activity reward to the interest of the mortgage, allocating the card activity reward to the principle of the mortgage, or allocating the card activity reward to a combination of the interest and the principle, according to the allocation instruction; and generating output including the card activity reward being credited according to the allocation instruction of the cardholder.
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32. A digital electrical computer system, including:
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a data processing system comprising a digital electrical computer electrically connected to an input device for inputting data and to an output device; the digital electrical computer programmed to carry out the operations of; crediting a reward, determined by calculating a function responsive to card activity, to only an interest component of a monthly mortgage payment, in response to receiving an instruction from a cardholder over the Internet, the mortgage payment including principal and interest components; associating the card activity reward, determined by calculating a function responsive to card activity, with a mortgage interest tax deduction computer for the year; and generating output including the credited reward, to produce a mortgage interest tax deduction computed for the year.
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33. A method of using an apparatus in carrying out computerized card activity-based mortgage reward crediting, the method including the steps of:
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providing a digital computer operably associated with an input device and an output device; crediting, by the digital computer from input card activity, a reward, determined by calculating a function responsive to card activity, to only an interest component of a monthly mortgage payment, in response to receiving an instruction from a cardholder over the Internet, the mortgage payment including principal and interest components; associating, by said digital computer, the card activity reward, determined by calculating a function responsive to card activity, with the interest component of a mortgage to produce a mortgage interest tax deduction; and generating, by the digital computer at said output device, output including the credited reward.
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34. An apparatus to carry out card activity-based mortgage reward crediting, the apparatus including:
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a data processing system comprising a digital computer operably associated with an input device for inputting data and to an output device, the digital computer programmed to carry out the steps of; associating data input at said input device, the data representing card activity with further input data representing a mortgage of a property, the mortgage including principal and interest; determining a card activity reward by calculating a function responsive to the card activity of a cardholder; receiving an allocation instruction from the cardholder, the allocation instruction selected from among a group presented to the cardholder, the group comprising allocating the card activity reward to the interest of the mortgage, allocating the card activity reward to the principle of the mortgage, and allocating the card activity reward to a combination of the interest and the principle of the mortgage; crediting the card activity reward to a payment of the mortgage according to the allocation instruction of the cardholder, wherein if the allocation instruction corresponds during a year to crediting of the reward to the mortgage interest or crediting the reward to the combination, creating a cardholder mortgage interest tax deduction comprised of the reward crediting; and generating output including the card activity reward being credited according to the allocation instruction of the cardholder. - View Dependent Claims (35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55)
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56. A method of using an apparatus, the method including:
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providing a data processing system comprising a digital electrical computer electrically connected to an input device for inputting data and to an output device; and using the digital electrical computer to carry out the steps of; associating card activity with a mortgage of a cardholder, the mortgage including principal and interest components, the associating step comprising associating a cardholder data file with a mortgage data file; determining a reward by calculating a function responsive to the card activity of a cardholder; crediting the reward to only an interest component of a monthly payment of the mortgage; generating, for the cardholder, output including the card activity-based mortgage interest reward crediting; and communicating information from one of the files to a third party computer, and the third party computer produces an offer to the cardholder. - View Dependent Claims (57)
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58. A method of card activity-based mortgage reward crediting, the method including the steps of:
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providing a digital electrical computer electrically connected to an input device for inputting data and to an output device; and using the digital electrical computer to carry out the operations of; crediting a reward, determined by calculating a function responsive to card activity, to only an interest component of a monthly mortgage payment, in response to receiving an instruction from a cardholder over the Internet, the mortgage payment including principal and interest components; associating the card activity reward, determined by calculating a function responsive to card activity, with a mortgage interest tax deduction computer for the year; and generating at said output device, output including the credited reward, to produce a mortgage interest tax deduction computed for the year.
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Specification