Computerized system and method for an automated payment process
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United States of America Patent
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Jul 6, 2010
Grant Date -
Jul 20, 2006
app pub date -
Dec 23, 2005
filing date -
Dec 23, 2004
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A computerized payment system and method is disclosed which provides subscribers with funds based on their income at regular, pre-defined intervals other than those on which they are normally paid. In so doing, it interfaces with the subscriber or with the subscriber and his source of income, and utilizes a computer network to electronically transfer funds and record transactions. Payments may be made with either net pay, or net pay less deductions; may be of advances or distributions; and may be of either fixed or variable amounts.
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