System and method for automatically investing a portion of a credit card interest charged amount in an investment account
November 21, 2017. 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 ReferencesSystem and method of investment management including means to adjust deposit and loan accounts for inflation Automated investment 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 System for promoting account activity Credit-card based retirement fund system and method Patent #: 5787404 InventorApplicationNo. 976534 filed on 11/21/1997US Classes:235/379, Banking systems235/380, Credit or identification card systems705/35, Finance (e.g., banking, investment or credit)705/39, Including funds transfer or credit transaction705/40Bill distribution or paymentExaminersPrimary: Trammell, James P.Assistant: Nguyen, Son T. Attorney, Agent or FirmInternational ClassesG06F 017/60G06F 015/20 AbstractA system and methods for automatically investing, a portion of interest charged amount paid by the card issuer or the cardholder, on a credit card account, to an individual retirement account, taxpayer relief act of 1997 IRA, "Roth Act" or "Super IRA", college education IRA or spousal IRA (herein, collectively, "IRA"), college savings account, 401(K) plan (with or without linkage to a company expense account credit card), dividend reinvestment program (in stock of the card issuing company or otherwise) or other investment feature.Other References
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