Systems and methods for management of financial transactions associated with a funding agreement
US11514513B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | May 28, 2020 |
| Grant date | Nov 29, 2022 |
| Priority date | — |
| Expiry date | Oct 24, 2040 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/12
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method for management of financial transactions associated with a funding agreement may include: receiving, at the award information management system and from an awarding organization, details for a funding award comprising an identification of an award recipient, an award amount, and a condition on the use of the award; notifying an award drawdown management system of the award details; identifying a plurality of participating financial institutions to the award recipient; receiving a registration of an account at one of the financial institutions for receiving drawdown funds; communicating an amount of the payment to the fund reporting and analysis system; receiving transaction details from the financial institution having the award recipient's registered account; and providing reports of all transactions in the registered account and any and all optional card accounts with detailed analysis of part transaction, current balances and predictions of future drawdown requests.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.