Arrangements and methods for automatically dispersing and tracking funds
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United States of America Patent
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Oct 29, 2013
Grant Date -
N/A
app pub date -
Jul 22, 2005
filing date -
Jul 22, 2005
priority date (Note) -
In Force
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Abstract
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.
First Claim
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- 15 United States
- 10 France
- 8 Japan
- 7 China
- 5 Korea
- 2 Other
Patent Owner(s)
| Patent Owner | Address | |
|---|---|---|
| THE HUNTINGTON NATIONAL BANK | 41 S HIGH STREET COLUMBUS OH 43215 |
International Classification(s)
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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| Fee | Large entity fee | small entity fee | micro entity fee | due date |
|---|
| Fee | Large entity fee | small entity fee | micro entity fee |
|---|---|---|---|
| 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 |
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