Host exchange in bill paying services
First Claim
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1. A system for exchanging accounts, comprising:
- a network-connected server mining information for clients from network sites; and
software executing on the network-connected server from a coupled machine-readable medium, including a portion mining the information for clients from network sites, and a portion providing account exchange functions;
wherein, in the process of data mining for a client, the system discovers that a client has initiated a transaction to close an account at one financial institution and open an account at another financial institution, and then solicits the client to subscribe to a service assisting the client with the task of switching service accounts and account data between the accounts.
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Abstract
An account exchange system is provided by a data aggregation service enabled for gathering data for a subscriber from a data repository of a first financial institution, using account exchange software operating on a server coupled to the data aggregation service. Initiated by a subscriber the account exchange software causes an account to be terminated at the first financial institution and a new account to be opened at a second financial institution, using data from the first financial institution, and processing the data to be compatible with data requirements at the second financial institution.
570 Citations
22 Claims
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1. A system for exchanging accounts, comprising:
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a network-connected server mining information for clients from network sites; and software executing on the network-connected server from a coupled machine-readable medium, including a portion mining the information for clients from network sites, and a portion providing account exchange functions; wherein, in the process of data mining for a client, the system discovers that a client has initiated a transaction to close an account at one financial institution and open an account at another financial institution, and then solicits the client to subscribe to a service assisting the client with the task of switching service accounts and account data between the accounts. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. A method for exchanging accounts, comprising the steps of:
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(a) mining information for clients from network sites using a network-connected server; (b) discovering, in the process of information mining for a client, that the client has initiated a transaction to close an account at one financial institution and open an account at another financial institution; and (c) soliciting the client to subscribe to a service assisting the client with the task of switching service accounts and account data between the accounts. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22)
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Specification