Automated closed banking system
First Claim
1. A banking method comprising:
- receiving an authorization from a customer to transfer funds belonging to said customer from a source financial institution as part of a closed banking transaction, wherein said receiving step comprises receiving said authorization separate from any instruction to transfer funds;
providing at least one closed banking deposit option to said customer via a communications device for selection thereat;
receiving a deposit option selection from said communications device; and
transferring funds from said source financial institution in accordance with said deposit option selection, wherein said transferring step comprises effecting said transfer via an interbank clearing entity without requiring a specific approval from said source financial institution for said transfer.
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Accused Products
Abstract
A banking method including receiving an authorization from a customer to transfer funds belonging to the customer from a source financial institution as part of a closed banking transaction, where the receiving includes receiving the authorization separate from any instruction to transfer funds, providing at least one closed banking deposit option to the customer via a communications device for selection thereat, receiving a deposit option selection from the communications device, and transferring funds from the source financial institution in accordance with the deposit option selection, where the transferring includes effecting the transfer via an interbank clearing entity without requiring a specific approval from the source financial institution for the transfer.
40 Citations
76 Claims
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1. A banking method comprising:
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receiving an authorization from a customer to transfer funds belonging to said customer from a source financial institution as part of a closed banking transaction, wherein said receiving step comprises receiving said authorization separate from any instruction to transfer funds;
providing at least one closed banking deposit option to said customer via a communications device for selection thereat;
receiving a deposit option selection from said communications device; and
transferring funds from said source financial institution in accordance with said deposit option selection, wherein said transferring step comprises effecting said transfer via an interbank clearing entity without requiring a specific approval from said source financial institution for said transfer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17)
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18. A closed banking marketing method comprising:
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soliciting at least one customer of a source financial institution to use closed banking depository services offered by a financial institution; and
causing said customer to effect a legal agreement with said financial institution authorizing the debiting of said customer'"'"'s deposit account at a source financial institution, wherein any of said soliciting and causing steps is performed by a recruiting agent being a non-banking entity.
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19. A banking method comprising:
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soliciting at least one customer of a source financial institution to use closed banking depository services offered by another financial institution;
causing said customer to effect a legal agreement with said other financial institution authorizing the debiting of said customer'"'"'s deposit account at said source financial institution, wherein any of said soliciting and causing steps is performed by a recruiting agent being a non-banking entity;
providing at least one closed banking deposit option to said customer via a communications device for selection thereat;
receiving a deposit option selection from said communications device; and
transferring funds from said source financial institution to said other financial institution in accordance with said deposit option selection, wherein said transferring step comprises effecting said transfer via an interbank clearing entity without requiring a specific approval from said source financial institution for said transfer. - View Dependent Claims (20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33)
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34. A banking method comprising:
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providing at least one closed banking credit option to a closed banking customer via a communications device for selection thereat;
receiving a credit option selection from said communications device;
collateralizing a credit amount indicated by said credit option selection with at least one closed banking deposit transferred by said customer from said customer'"'"'s account at said source financial institution; and
transferring at least a portion of said credit amount from at least one credit offering bank to said customer'"'"'s account at said source financial institution. - View Dependent Claims (35, 36, 37, 38)
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39. A banking system comprising:
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means for receiving an authorization from a customer to transfer funds belonging to said customer from a source financial institution as part of a closed banking transaction, wherein said means for receiving is operative to receive said authorization separate from any instruction to transfer funds;
means for providing at least one closed banking deposit option to said customer via a communications device for selection thereat;
means for receiving a deposit option selection from said communications device; and
means for transferring funds from said source financial institution in accordance with said deposit option selection, wherein said means for transferring is operative to effect said transfer via an interbank clearing entity without requiring a specific approval from said source financial institution for said transfer. - View Dependent Claims (40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55)
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56. A closed banking marketing system comprising:
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means for soliciting at least one customer of a source financial institution to use closed banking depository services offered by a financial institution; and
means for causing said customer to effect a legal agreement with said financial institution authorizing the debiting of said customer'"'"'s deposit account at a source financial institution, wherein any of said means for soliciting and causing are embodied in a recruiting agent being a non-banking entity.
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57. A banking system comprising:
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means for soliciting at least one customer of a source financial institution to use closed banking depository services offered by another financial institution;
means for causing said customer to effect a legal agreement with said other financial institution authorizing the debiting of said customer'"'"'s deposit account at said source financial institution, wherein any of said means for soliciting and causing are embodied in a recruiting agent being a non-banking entity;
means for providing at least one closed banking deposit option to said customer via a communications device for selection thereat;
means for receiving a deposit option selection from said communications device; and
means for transferring funds from said source financial institution to said other financial institution in accordance with said deposit option selection, wherein said means for transferring is operative to effect said transfer via an interbank clearing entity without requiring a specific approval from said source financial institution for said transfer. - View Dependent Claims (58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71)
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72. A banking system comprising:
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means for providing at least one closed banking credit option to a closed banking customer via a communications device for selection thereat;
means for receiving a credit option selection from said communications device;
means for collateralizing a credit amount indicated by said credit option selection with at least one closed banking deposit transferred by said customer from said customer'"'"'s account at said source financial institution; and
means for transferring at least a portion of said credit amount from at least one credit offering bank to said customer'"'"'s account at said source financial institution. - View Dependent Claims (73, 74, 75, 76)
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Specification