System and method for administering a financial program involving the collection of payments
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
N/A
Issued Date -
Nov 14, 2002
app pub date -
Feb 2, 2001
filing date -
Aug 10, 2000
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A system for administering a financial program involves the collection of payments. The system includes a debit system for coordinating the administration of the financial program, which, in turn, includes interface logic for allowing a user to interact with the debit system, and batch processing logic for performing batch processing associated with the financial program. The system further includes at least one support system coupled to the debit system for handling an aspect of the administration of the financial program, and for conmmunicating with the debit system. The system further includes a data storage for storing data tables used by the debit system in the administration of the financial program. The data storage also includes a representation of information as maintained by a retired system previously used for administering the financial program. In a preferred embodiment, the financial program is an insurance program with payment due dates occurring weekly or monthly.
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