Invention Grant
- Patent Title: System and method for funding a collective account
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Application No.: US13196447Application Date: 2011-08-02
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Publication No.: US08429076B1Publication Date: 2013-04-23
- Inventor: Shelley F. Sanders , Theodore Bowers
- Applicant: Shelley F. Sanders , Theodore Bowers
- Applicant Address: US NY New York
- Assignee: JPMorgan Chase Bank, N.A.
- Current Assignee: JPMorgan Chase Bank, N.A.
- Current Assignee Address: US NY New York
- Agency: Goodwin Procter LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A system and method for funding a collective account such as a charitable account includes issuing a plurality of financial instruments, linking the financial instruments to the collective account, aggregating individual financial instrument usage, calculating a bonus or other reward based on the aggregate financial instrument usage and funding or distributing the reward to the collective account. According to the invention, members of a civic, charitable, political or other entity may generate collective rewards or other benefits which may be attributed to the designated organization.
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