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US 2010/0138287 A1Published application
Flexible Savings System
OwnerMohammad M. Hoqueinventor
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OwnerMohammad M. Hoqueinventor
Estimating the term…
A savings system, method, and apparatus that combines benefits of a layaway payment plan, a traditional Christmas savings bank account and individual savings accounts and also are able to take advantage of merchant promotional offers. The system for saving for an internet purchase has no membership or service fees to end user and includes an adjustable electronic savings structure that permits at least one end-user to create at least one flexible electronic layaway account for a topic of savings. The end user has flexibility as to how much to save, when to save and for what to save, including the ability to change to a different topic of savings. The topic of savings is a good or tangible service and not a financial instrument such as installment payments of debt, investments, retirement accounts, tuition payments, or favorable governmental tax treatment saving programs.
A system for saving for an internet purchase, comprising, an adjustable electronic savings structure that permits at least one end-user to create at least one flexible electronic layaway account for a topic of savings from the internet wherein the end user has flexibility as to how much to save, when to save and for what to save, including the ability to change to a different topic of savings and including the ability to change to a different vendor unless locked into a specific vendor by choice, but may not withdraw savings as cash or transfer to accounts accessible by the end user for withdrawal purposes, and wherein the topic of savings is a good or tangible service and not a financial instrument such as installment payments of debt, investments, retirement accounts, tuition payments, or favorable governmental tax treatment saving programs.
A method for saving for an internet purchase, comprising, electronically creating on a computer an adjustable electronic savings structure that permits at least one end-user to create at least one flexible electronic layaway account for a topic of savings wherein the end user has flexibility as to how much to save, when to save and for what to save, including the ability to change to a different topic of savings and vendor but may not withdraw savings as cash or transfer to accounts accessible by the end user for withdrawal purposes and wherein the topic of savings is a good or tangible service and not a financial instrument such as installment payments of debt, investments, retirement accounts, tuition payments, or favorable governmental tax treatment saving programs.
The method of 14, wherein the vendor of the topic of savings may be changed by the end user until the topic of savings is locked in or purchased.
An apparatus for saving for an internet purchase, comprising,
Dependencies are inferred from the claim text.