System and method for automatically investing a portion of a cre

Details System and method for automatically investing a portion of a cre System and method for automatically investing a portion of a cre

1997-11-21

2000-05-30

Trammell, James P.

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

705 36, 705 35, 705 39, 705 40, 235380, 235379, G06F 1760, G06F 1520

Patent

active

060701536

ABSTRACT:
A system and methods for automatically investing, a portion of interest charged amount paid by the card issuer or the cardholder, on a credit card account, to an individual retirement account, taxpayer relief act of 1997 IRA, "Roth Act" or "Super IRA", college education IRA or spousal IRA (herein, collectively, "IRA"), college savings account, 401(K) plan (with or without linkage to a company expense account credit card), dividend reinvestment program (in stock of the card issuing company or otherwise) or other investment feature.

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patent: 5287268 (1994-02-01), McCarthy
patent: 5297026 (1994-03-01), Hoffman
patent: 5787404 (1998-07-01), Fernandez-Holmann
Nationsbank card features a savings plan, New York Times, pD4, Jan. 7, 1993.
Get your red hot loans!, Bank Marketing, v27, n7, pp. 129-130, Jul. 1995.
Statements to the Congress: Board of Governors, Rederal Reserve Bulletin, v80, n4, pp. 296-3001, Apr. 1994.
Smart money hesitates before Fidelity offer, Wall Street Journal, pB, 4G:3, May 27, 1994.
New Credit Card Helps Users Purchase Firm's Funds, The Wall Street Journal, May 27, 1994.
Customers Able to Borrow Up to 40% of the Balances in Retirement Accounts, The Wall Street Journal, Jun. 24, 1996.

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