System for the operation and management of one or more financial accounts through the use of a digital communication and computation system for exchange, investment and borrowing
December 6, 2014. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.Patent References 3634669 3697693 Data-transfer system Securities valuation system Securities brokerage-cash management system Securities brokerage-cash management system Securities brokerage-cash management system obviating float costs by anticipatory liquidation of short term assets Bookkeeping and accounting system Methods and apparatus for funding future liability of uncertain cost System and method of investment management including means to adjust deposit and loan accounts for inflation InventorAssigneeApplicationNo. 350442 filed on 12/06/1994US Classes:705/40Bill distribution or paymentExaminersPrimary: McElheny, Donald Jr.Attorney, Agent or FirmInternational ClassG06F 019/00AbstractA practical communication and computer based system and method for effecting exchange, investment and borrowing involves the use of digital communication and computation terminals distributed to users and service providers. Through the system described and its combined computer and communication terminals, client/customers may purchase goods and services, save, invest, track bonuses and rebates and effect enhanced personal financial analysis, planning, management and record keeping with less effort and increased convenience. Through a prioritization function, the client specifies her financial objectives, her risk preference, and budgetary constraints. The prioritization function automatically suggests to the individual a portfolio of asset and liability accounts that may be credited and/or debited to provide the required funds for consumption and to form investments and borrowing to best realize her financial objectives over a defined time horizon. If desired, the system automatically manages a client's budgetary and financial affairs through a system of expert sweeps based on a client's preferences. The client's accounts are monitored via a borrowing power baseline, and considered imbalanced if the client's borrowing power is less than the minimum borrowing power. If the account is imbalanced, the client may reallocate the assets and liabilities within the client account and/or modify a set of constraints on the client account. If the client account is still not balanced after modification of the account, the system will deny authorization for certain requested transactions, and may initiate the liquidation of certain asset accounts and reduce the balances of one or more liability accounts.Other References
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