FRANCHISE ROYALTY AND ADVERTISING FEE COLLECTION
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United States of America Patent
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N/A
Issued Date -
Jun 12, 2014
app pub date -
Dec 7, 2012
filing date -
Dec 7, 2012
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A computer-implemented method is provided for segregating funds associated with sales or transactions of a franchisee to pay royalties and/or advertising fees to a franchisor. The method may include determining a sales amount corresponding to one or more transactions of a seller associated with a closeout period, determining a transfer amount based on the sales amount and at least one franchise rate, and transmitting an instruction to a financial institution directing the financial institution to debit the transfer amount from an account associated with the franchisee and to credit a second account with the transfer amount when the sales amount equals or exceeds the transfer amount.
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