Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1996-05-06
2000-01-11
Cosimano, Edward R.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
G06F 1760
Patent
active
060146427
ABSTRACT:
A benefits processing system is provided in which a central benefits processor is interconnected with continually updated databases containing such information as available investments, pricing information, commission schedules, and dividend information. To make all investments available to participants, the system uses a unique two-byte binary code for each investment. Through the use of dollar cost averaging, whole or part shares of any investment traded on any exchange or over-the-counter may be purchased as part of the plan. Various system modules for automatically handling support tasks are provided, in addition to modules created to handle new tasks previously unavailable in such benefits plans.
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Derienzo Larion
El-Kadi Khaled
Cosimano Edward R.
Merrill Lynch & Co
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