Self-administered automatic payroll deduction
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
N/A
Issued Date -
Apr 17, 2003
app pub date -
Oct 16, 2002
filing date -
Oct 16, 2001
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
The present invention is directed to a method for allowing an employee (100) to self-administer automatic payroll deductions from his gross pay (120) through a money management system (130). Preferably, the employee (130) self-registers in the money management system via the web. Then the employee (100) may submit at least one transaction request to facilitate a financial obligation to at least one vendor (104). The system (130) then arranges for payment of the financial obligation and directs the payroll system (116) to withdraw funds from the employee's gross pay (120) (using at least one automatic payroll deduction) and to transfer the withdrawn funds to the at least one vendor (104). In one preferred embodiment, the system (130) provides access to a lender-vendor (104a) to arrange financing for the financial obligation and to a credit-risk reducing feature (104b) such as insurance.
First Claim
Family
International Classification(s)
Cited Art Landscape
Patent Citation Ranking
Advertisement
Advertisement
Advertisement
Recipient Email Address
Recipient Email Address
Comment
Recipient Email Address
Add to Portfolio(s)
To add this patent to one, or more, of your portfolios, simply click the add button.
This Patent is in these Portfolios:
Add to additional portfolios:
Last Refreshed On:
Changes done successfully