System and method for funding a collective account

Details System and method for funding a collective account System and method for funding a collective account

2011-05-17

2011-05-17

Kazimi, Hani (Department: 3695)

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

Automated electrical financial or business practice or...

Finance

C705S014270, C705S039000

Reexamination Certificate

active

07945514

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.

REFERENCES:
patent: 5175416 (1992-12-01), Mansvelt et al.
patent: 5466919 (1995-11-01), Hovakimian
patent: 6112191 (2000-08-01), Burke
patent: 6128599 (2000-10-01), Walker et al.
Charity Affinity Credit Cards—Marketing Synergy for Both Card Issuers and Charities? Steve Worthington, Suzanne Horne. Journal of Marketing Management, vol. 9, Issue 3, Jul. 1993, Abstract.
A comparative Analysis of the Affinity Card Market in the USA and the UK. Schlegemilch et al., International Journal of Bank Marketing, vol. 13, 1995, Abstract.

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