Methods and systems for automatically determining and collecting a monetary contribution from an instrument
US7080775B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Sep 5, 2003 |
| Grant date | Jul 25, 2006 |
| Priority date | — |
| Expiry date | Dec 14, 2023 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F7/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Methods and systems are provided for automatically determining and collecting a monetary contribution from an instrument associated with a donor. An embodiment of a method according to the invention includes receiving an instrument, determining a currency amount of the instrument, and determining a monetary contribution. If the instrument is a financial instrument, the method rounds the currency amount of the financial instrument downward to a lower currency amount; and determines the difference (a positive value) between the amount of the financial instrument and the lower currency amount for the monetary contribution. If the instrument is a billing instrument, the method rounds the currency amount of the billing instrument upward to a higher currency amount; and determines the difference (a positive value) between the higher currency amount and the amount of the billing instrument for the monetary contribution. The method also collects the monetary contribution into the target account.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.