Arrangements and methods for automatically dispersing and tracking funds

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 8571979
SERIAL NO

11187611

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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In an example application, a banking institution implements a computer-automated arrangement with another corporate entity that is independent of the banking institution. The arrangement permits the other corporate entity to render funds to corporate designees associated with the corporation's bank account via an account-management specification that defines and tracks funds under sub-accounts. The arrangement includes banking-sponsored-corporate-activatable (BSCA) articles; a communication arrangement for communicating an association command from the other corporate entity that associates activated BSCA articles with respective sub-accounts according to the specification, the activated BSCA articles facilitating redemption of pre-paid corporate funds in response to the other corporate entity both issuing the activated BSCA articles to designated card recipients and communicating the association command; and a tracking arrangement for tracking the redemption efforts resulting from uses of the activated BSCA articles by tracking the respective sub-accounts by the banking institution in response to communicating of the association command.

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Patent Owner(s)

Patent OwnerAddress
THE HUNTINGTON NATIONAL BANK41 S HIGH STREET COLUMBUS OH 43215

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Allen, Gene Vadnais Heights, US 7 38
Britz, Ron Andover, US 1 18
Farmer, Jeff Brooklyn Park, US 1 18
Kuntz, Kevin South St. Paul, US 14 178

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