System and method for funding a collective account
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United States of America Patent
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Oct 5, 2010
Grant Date -
Feb 6, 2003
app pub date -
Jul 15, 2002
filing date -
Jul 26, 2001
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A system and method for funding a collective account such as a charitable account includes issuing a plurality of financial instruments, linking the financial instruments to the collective account, aggregating individual financial instrument usage, calculating a bonus or other reward based on the aggregate financial instrument usage and funding or distributing the reward to the collective account. According to the invention, members of a civic, charitable, political or other entity may generate collective rewards or other benefits which may be attributed to the designated organization.
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