System and method for establishing or modifying an account with user selectable terms

US8145522B2 · kind B2 · utility

Assignee

• JPMORGAN CHASE BANK, N.A. · US

Inventors

• Mary Carter Warren · Baltimore, US
• Donna M. Barrett · Wilmington, US
• Donald H. Schmitt · Wilmington, US
• Karen R. Ehemann · Newark, US

Key dates

• Filing date: Nov 8, 2006
• Grant date: Mar 27, 2012
• Expiry date: Nov 8, 2028

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q99/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Techniques for administering an account with a financial institution are disclosed. The financial institution may establish the account for the account holder. An account holder may execute purchase transactions using the account. A first and second affiliate may be associated with the account. Rewards information associated with the first affiliate may be calculated based on use of the account for purchase transactions. A compensation, to be provided by the financial institution to the second affiliate, may be calculated based on use of the account for purchase transactions.