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

2002-07-15

2010-10-05

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

07809641

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.

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