Administering and automating a sponsored emergency savings program
US12205092B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jul 26, 2023 |
| Grant date | Jan 21, 2025 |
| Priority date | — |
| Expiry date | Jul 26, 2043 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/125
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
At least one computer-readable medium on which are stored instructions that, when executed by one or more processing devices, enable the one or more processing devices to perform a method. The method includes the steps of receiving over a network a request from an employing entity to facilitate an automatic savings program including savings accounts for employees of the employing entity, receiving over the network a request from an employee to participate in the automatic savings program, automatically routing at predetermined time intervals an employee-selected amount of the employee's wages to a savings account of the employee, receiving at least one request over the network from the employee to transfer funds from the savings account of the employee to an employee-designated destination, and initiating the requested fund transfer.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.