Registers – Systems controlled by data bearing records – Credit or identification card systems
Patent
1998-07-17
2000-08-22
Le, Thien M.
Registers
Systems controlled by data bearing records
Credit or identification card systems
705 35, G06K 500
Patent
active
061058653
ABSTRACT:
The system is a rebate program for the benefit of participating individuals such as wage earners. Participating individuals apply and are approved and are issued a card with an identifiable account number using credit approval systems. The card may include debit, smart card, customer loyalty and security features. The rebate is calculated and transferred to the participant's account in a trust fund. The card may also be used to engage in other financial transactions. The system may include a wide range of retail merchants as well as professional services available to the participant. Funds are disbursed to the participant upon the occurrence of certain specified events.
REFERENCES:
patent: 5705798 (1998-01-01), Tarbox
patent: 5787404 (1998-07-01), Fernandez-Holmann
patent: 5806045 (1998-09-01), Biorge et al.
patent: 5884271 (1999-03-01), Pitroda
patent: 5945653 (1999-08-01), Walker et al.
patent: 5970478 (1999-10-01), Walker et al.
Le Thien M.
Nelson Gregory J.
LandOfFree
Financial transaction system with retirement saving benefit does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Financial transaction system with retirement saving benefit, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Financial transaction system with retirement saving benefit will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-570988