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

CAFC
  • US 8,025,217 B2
  • Filed: 08/08/2009
  • Issued: 09/27/2011
  • Est. Priority Date: 02/18/1993
  • Status: Expired due to Fees
First Claim
Patent Images

1. A system for accumulating credits from a customer account belonging to the customer and managed by an institution and placing the credits into a provider account, comprising:

  • an information processor;

    said information processor including a data store with data identifying the customer, the rounding determinant, the managed institution, and the account;

    said data store including machine readable instructions authorizing the processor to access and read the customer account;

    said data store including machine readable instructions to calculate rounders after receiving a plurality of payment transactions from the read customer account and to calculate an excess based on the rounders;

    said data store including machine readable instructions to withdraw the excess from the customer account;

    said data store including machine readable instructions to transfer the withdrawn excess to the provider account.

View all claims
    ×
    ×

    Thank you for your feedback

    ×
    ×