System and method for automated account management
US7493282B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Mar 21, 2003 |
| Grant date | Feb 17, 2009 |
| Priority date | — |
| Expiry date | Nov 16, 2025 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/03
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method of managing bank accounts. A bank receives, electronically, from a customer, instructions to open, to update, to debit/credit, and to close bank accounts, such as escrow accounts associated with real estate transactions. Information in the instructions is used to automatically populate a bank's account management system. New accounts are thereafter automatically established and open accounts are automatically updated and closed consistent with the information in the instructions. New accounts are preferably funded from an operating account belonging to the customer, and checks are caused to be cut in an amount due to a client of the customer, if they so choose.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.