System, method, and computer program product for saving and investing through use of transaction cards

US8417635B2 · kind B2 · utility

Assignee

• American Express Travel Related Services Company, Inc. · US

Inventors

• Simran K. Kalra · New York, US
• Greg Keeley · New York, US
• Jeannette J. Yee · New York, US

Key dates

• Filing date: Jan 31, 2011
• Grant date: Apr 9, 2013
• Expiry date: May 12, 2031

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/102
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system, method, and computer program product are used for saving through use of transaction cards. This is done through associating a transaction account of the transaction card with one or more deposit accounts. An amount of funds to be deposited from the transaction account into the deposit account is established. A number of times a deposit will be made is established. A time duration between the deposits when more than one deposit will be made is established. An event that initiates at least a first one of the deposits is established. The amount of funds from the transaction card account is deposited into the deposit account based on the above criteria.