PAY YOURSELF FIRST WITH REVENUE GENERATION

• US 20100299260A1
• Filed: 08/06/2010
• Published: 11/25/2010
• Est. Priority Date: 11/06/2000
• Status: Abandoned Application

• Current Assignee: Liberty Peak Ventures, LLC (Dominion Harbor Enterprises, LLC)
• Original Assignee: Consumer and Merchant Awareness Foundation
• Inventors: Thomas, Tracey R.
• Application Number:
  US12/852,224
• Publication Number:
  US 20100299260A1
• Time in Patent Office: Days
• US Class Current: 705/44
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/384 using social networks
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0207 Discounts or incentives, e.g. coupons or rebates
• CPC Class Codes: G06Q 30/0215 Including financial accounts
• CPC Class Codes: G06Q 30/0226 Incentive systems for frequent usage, e.g. frequent flyer miles programs or point systems
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

The system identifies a revenue producing opportunity for a user. The system obtains information related to the user'"'"'s income, income sources, user'"'"'s debts (e.g., bills) and user'"'"'s goals. The system identifies a revenue producing opportunity for the user by matching user information with information regarding the opportunities. The system further provides recommendations related to the prioritization of paying certain bills and the amount to pay for each bill based upon, for example, savings goals, a community recommendation, minimizing penalties/fees associated with user'"'"'s debts, minimum amounts due, due dates and available income. The system and/or the user may then determine a payment hierarchy which includes transferring funds to the user'"'"'s savings account prior to paying all or a portion of certain bills, wherein the transfer of funds may include different funds transfer systems and methods.

Claims

1. A method comprising:

receiving, by a computer-based system for determining a payment hierarchy, charity information associated with a user;

determining, by the computer-based system, a donation amount based upon the charity information, wherein the donation amount is transferred from a user account;

analyzing, by the computer-based system, user debt information to determine a plurality of pending debt payments;

determining, by the computer-based system, a plurality of penalties by analyzing a penalty for each of the plurality of pending debt payments;

determining, by the computer-based system, the payment hierarchy based upon the donation amount, the plurality of pending debt payments, and the plurality of penalties, wherein the payment hierarchy minimizes the plurality of penalties.

2. The method of claim 1, further comprising receiving a charity request.

3. The method of claim 2, notifying the user of the charity request and receiving, from the user, a user approval to make a donation to the charity.

4. The method of claim 3, wherein the determining the donation amount is further based upon the user approval.

5. The method of claim 3, further comprising sending a notice of the approval, wherein the receiving the charity information occurs in response to the sending the notice of the user approval.

6. The method of claim 1, further comprising parsing the charity information to determine a charity request amount, wherein the donation amount is further based upon the charity request amount.

7. The method of claim 1, wherein the charity information is received from a social network.

8. The method of claim 1, wherein the determining the donation amount comprises determining based upon at least one of user income information, user goal information and the user debt information.

9. The method of claim 1, further comprising determining a user debt obligation based upon the charity information.

10. The method of claim 1, further comprising determining based at least one of upon user income information, user goal information and the user debt information, a savings amount, wherein the savings amount is transferred to a user savings account.

11. The method of claim 10, wherein the determining the payment hierarchy occurs in response to at least one of the donation amount being transferred and the savings amount being transferred.

12. The method of claim 10, wherein the payment hierarchy is based further upon the savings amount.

13. The method of claim 10, wherein the determining the donation amount occurs in response to the determining the payment hierarchy, wherein the determining the payment hierarchy comprises determining the payment hierarchy based upon the savings amount, the plurality of pending debt payments, and the plurality of penalties, wherein the payment hierarchy minimizes the plurality of penalties.

14. The method of claim 1, wherein the determining the donation amount comprises determining the donation amount and a plurality of subsequent donation amounts, wherein the plurality of donation amounts are included in user debt obligations.

15. The method of claim 1, further comprising dividing, based upon the charity information, the donation amount into a first donation amount and a second donation, wherein the first donation amount and the second donation amount are for separate charities.

16. The method of claim 1, further comprising analyzing a loyalty account associated with the user to determine that loyalty points associated with the loyalty account may be used to fund the donation amount.

17. The method of claim 1, further comprising analyzing user information to determine an entity associated with the user and sending a charity request to the service provider to make a donation to the charity, wherein the entity comprises at least one of a at least one of an employer, a service provider, a merchant, a friend and an organization.

18. The method of claim 1, wherein the charity request is based upon the donation amount, wherein the entity is associated with a pledge to provide matching funds for a donation to a charity.

19. A system, comprising:

a network interface communicating with a memory;

the memory communicating with a processor; and

the processor, when executing a computer program, is configured to;

receive a charity information associated with a user;

determine a donation amount based upon the donation amount, wherein the donation amount is transferred from a user account;

analyze user debt information to determine a plurality of pending debt payments;

determine a plurality of penalties by analyzing a penalty for each of the plurality of pending debt payments;

determine the payment hierarchy based upon the donation amount, the plurality of pending debt payments, and the plurality of penalties, wherein the payment hierarchy minimizes the plurality of penalties.

20. A non-transitory computer-readable medium having computer-executable instructions stored thereon that, if executed by a computer-based system for determining a payment hierarchy, cause the computer-based system to perform operations comprising:

receiving a charity information associated with a user;

determining a donation amount based upon the donation amount, wherein the donation amount is transferred from a user account;

analyzing user debt information to determine a plurality of pending debt payments;

determining, by the computer-based system, a plurality of penalties by analyzing a penalty for each of the plurality of pending debt payments;

determining the payment hierarchy based upon the donation amount, the plurality of pending debt payments, and the plurality of penalties, wherein the payment hierarchy minimizes the plurality of penalties.