US Patent No: 7,050,996

Number of patents in Portfolio can not be more than 2000

Method for linking accounts corresponding to different products together to create a group

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Importance

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Abstract

Linking accounts corresponding to different products together to create a group so that group processing can be performed at the group level while independent processing of the accounts is performed at the account level. The method links the accounts into a group by linking a financial record for each account to group master data for the group. The group master data includes information about the group, including group parameters and a group identifier. A group typically includes a key account and one or more dependent accounts. The relationship between a dependent account and the group is specified by a dependent strategy. A dependent strategy specifies group level processing options for the account. The relationships between the accounts and the group are flexible to accommodate changes in the status of the group cardholders.

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First Claim

Related Publications

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Patent Owner(s)

Patent OwnerAddressTotal Patents
FIRST DATA CORPORATIONENGLEWOOD, CO367

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Blagg, Lynn Holm Omaha, NE 21 417
Donlin, Gretchen L Gretna, NE 9 79
Grear, Michael B Omaha, NE 23 169
Kathol, Eugene F Omaha, NE 8 239

Cited Art

Patent Info (Count) # Cites Year
 
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6,128,602 Open-architecture system for real-time consolidation of information from multiple financial systems 245 1998
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STARGAZER SOFTWARE, LIMITED LIABILITY COMPANY (2)
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VISA INTERNATIONAL SERVICE ASSOCIATION (2)
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NCR CORPORATION (1)
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Patent Citation Ranking

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Forward Cites

Patent Info (Count) # Cites Year
 
JPMORGAN CHASE BANK, N.A. (13)
7,860,789 Multiple account advanced payment card and method of routing card transactions 6 2002
8,306,907 System and method for offering risk-based interest rates in a credit instrument 1 2003
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7,805,368 Debit purchasing of stored value card for use by and/or delivery to others 3 2007
7,818,253 Debit purchasing of stored value card for use by and/or delivery to others 3 2007
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7,809,643 Debit purchasing of stored value card for use by and/or delivery to others 3 2007
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8,078,528 System and method for providing borrowing schemes 3 2009
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SIGNATURE SYSTEMS LLC (6)
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FIRST DATA CORPORATION (5)
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PLATI NETWORKING, LLC (3)
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CDW LLC (2)
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HARTFORD FIRE INSURANCE COMPANY (2)
7,174,318 Method and system for an online-like account processing and management 1 2001
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MONEY NETWORK FINANCIAL, LLC (2)
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DELIVERM CONSULTING B.V., LLC (1)
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MICROSOFT CORPORATION (1)
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THE HARTFORD (1)
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THE WESTERN UNION COMPANY (1)
8,015,085 System for distributing funds 11 2004

Maintenance Fees

Fee Large entity fee small entity fee micro entity fee due date
7.5 Year Payment $3600.00 $1800.00 $900.00 Nov 23, 2013
11.5 Year Payment $7400.00 $3700.00 $1850.00 Nov 23, 2017
Fee Large entity fee small entity fee micro entity fee
Surcharge - 7.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge - 11.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge after expiration - Late payment is unavoidable $700.00 $350.00 $175.00
Surcharge after expiration - Late payment is unintentional $1,640.00 $820.00 $410.00