Credit-card based retirement fund system and method
November 21, 2015. 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 ReferencesPurchasing system with rebate feature Self-implementing pension benefits system Automated purchase reward accounting system and method System for maintaining continuous total of refund amounts due a customer and for allowing customer designation of the amount of refund to be applied to a purchase System for enhanced management of pension-backed credit Centralized consumer cash value accumulation system for multiple merchants Patent #: 5287268 InventorApplicationNo. 561617 filed on 11/21/1995US Classes:705/35, Finance (e.g., banking, investment or credit)705/17, Having interface for record bearing medium or carrier for electronic funds transfer or payment credit705/39, Including funds transfer or credit transaction705/40Bill distribution or paymentExaminersPrimary: Weinhardt, Robert A.Assistant: Hughet, William N. Attorney, Agent or FirmInternational ClassG06F 017/60AbstractA method and system for providing an investment fund, such as a long term investment fund which may be suitable for retirement purposes, comprising the steps of establishing a credit based account with a credit card issuer for the benefit of a credit card holder, providing an investment account with a financial institution for the benefit of the credit card holder, funding the investment account by the credit card issuer with a predetermined amount of money on a periodic basis, and charging an amount of money so funded against the credit based account of the credit card holder. In addition, disclosed is a method and system providing an investment fund is based on purchase rebates, comprising the steps of establishing a credit based account with a credit card issuer for the benefit of a credit card holder, providing a long term investment account with a financial institution for the benefit of the credit card holder, ascertaining the total amount of money charged by the credit card holder in subscriber merchants in a particular period of time, and providing a rebate by the credit card issuer to the credit card holder by funding the investment account of the credit card holder with a predetermined percentage of said total amount so ascertained.Other References
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