Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1995-11-21
1998-07-28
Weinhardt, Robert A.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
705 17, 705 37, 705 40, G06F 1760
Patent
active
057874042
ABSTRACT:
A method and system for providing an investment fund, such as a long term investment fund which may be suitable for retirement purposes, comprising the steps of establishing a credit based account with a credit card issuer for the benefit of a credit card holder, providing an investment account with a financial institution for the benefit of the credit card holder, funding the investment account by the credit card issuer with a predetermined amount of money on a periodic basis, and charging an amount of money so funded against the credit based account of the credit card holder. In addition, disclosed is a method and system providing an investment fund is based on purchase rebates, comprising the steps of establishing a credit based account with a credit card issuer for the benefit of a credit card holder, providing a long term investment account with a financial institution for the benefit of the credit card holder, ascertaining the total amount of money charged by the credit card holder in subscriber merchants in a particular period of time, and providing a rebate by the credit card issuer to the credit card holder by funding the investment account of the credit card holder with a predetermined percentage of said total amount so ascertained.
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Colter, G.; Smart Money Hesitates Beford Fidelity Offer; New Credit Card Helps Users Purchase Firm's Funds; Buyer Beware; Some Say; The Wall Street Journal; May 27, 1994; Sec. B; p. 46.
Sokol, M.; Credit Card Limits Tied To Life Insurance Equity; Knight Rider Newspaper; Five Star; Sec. Ins, p. 9; Jan. 27, 1988.
"Cellular One and Mobilepay Makes Cellular Simple", PR Newswire, Oct. 12, 1994.
N.Y. Times Article, "A Card for Borrowing From Yourself", Aug. 27, 1995, p. 6.
Barkume Anthony R.
Hughet William N.
Weinhardt Robert A.
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