Method and system to create and distribute excess funds from consumer spending transactions

CAFC
  • US 7,571,849 B2
  • Filed: 05/31/2006
  • Issued: 08/11/2009
  • Est. Priority Date: 02/18/1993
  • Status: Expired due to Fees
First Claim
Patent Images

1. A method for performing a payment transaction, the method comprising:

  • electronically receiving, in connection with the payment transaction, a determinant, apportioning data, payment transaction data comprising a transaction amount, and operating account identifying data that identifies an operating account;

    generating a rounder amount based on the transaction amount and the determinant, wherein generating a rounder amount is performed after receiving a plurality of payment transactions;

    modifying a balance of the operating account based on the transaction amount and the rounder amount;

    apportioning at least a portion of the rounder amount to one or more other accounts selected by a holder of the operating account; and

    depositing the apportioned parts of the rounder amount to the one or more other accounts.

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