Transferring funds to designated accounts through the use of a money management card
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United States of America Patent
Stats
-
Apr 21, 2009
Grant Date -
N/A
app pub date -
Jun 16, 2005
filing date -
Apr 17, 2001
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A money management card adapted to provide a method of saving and investing for a user of the money management card. An entity, such as, for example, a card issuer, receives a user designation of one or more designated accounts that are to receive at least a portion of any additional amount added to purchases made using the money management card. The entity receives an indication that a user has used the money management card to make a purchase for a specified purchase amount subsequent to receiving the user designation. The entity adds a calculated additional amount to the specified purchase amount, for example, based on the fact a purchase was made or based at least in part on the specified purchase amount. The entity transfers an appropriate portion of the calculated additional amount to each of the one or more designated accounts. Third parties can also transfer matching funds that match at least a portion of the calculated additional amount.
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Family
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Cited Art Landscape
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