Centralized credit interchange system of converting purchase credit awards through credit exchange system for purchase of investment vehicle

A method for converting purchase credit awards resulting from a purchase by a consumer of goods or services into an ownership interest in an investment vehicle, the method comprising the steps of:

• a. assessing the merchant an interchange fee associated with the purchase and depositing at least a portion of the interchange fee in an interchange fee account;
• b. crediting a credit awards account of the consumer with credit awards associated with the purchase;
• c. accumulating credit awards in the credit awards account;
• d. upon the credit awards reaching a predetermined value, withdrawing at least a portion of the interchange fee in the interchange fee account;
• e. purchasing an ownership interest in the investment vehicle on behalf of the consumer using the portion of the interchange fees withdrawn from the interchange account, with the investment vehicle being subject to appreciation or depreciation.

A method for converting credit awards resulting from a purchase by a consumer of goods or services into an ownership interest in an investment vehicle, the method comprising the steps of:

• a. crediting an account of the consumer with the credit award;
• b. accumulating the credit awards in the account;
• and
• c. periodically purchasing the ownership interest in the investment vehicle on behalf of the consumer with the credit awards, the investment vehicle being subject to appreciation or depreciation.

A method for converting credit awards resulting from credit card interest payments by a consumer to a bank into an ownership interest in an investment vehicle, the method comprising the steps of:

• a. crediting an account of the customer with the credit awards;
• b. accumulating the credit awards in the account;
• and
• c. purchasing the ownership interest in the investment vehicle on behalf of the consumer with the credit awards in the accounts upon the credit awards reaching a predetermined level, the investment vehicle being subject to appreciation or depreciation.

An electronic data processing device for converting purchase credit awards resulting from a purchase by a consumer of goods or services into an ownership interest in an investment vehicle, the device comprising:

• means for crediting an account of the consumer with the credit awards;
• means for accumulating the credit awards in the accounts;
• and
• means for purchasing the ownership interest in the investment vehicle on behalf of the consumer with the credit awards in the accounts upon the credit awards in the account reaching a predetermined level, the investment vehicle being subject to appreciation or depreciation.

An electronic data processing device for converting purchase credit awards resulting from a purchase by a consumer of goods or services into an ownership interest in an investment vehicle, the device comprising:

• an account processing unit for crediting an account of the consumer with the credit awards;
• a credit award accumulation unit for accumulating the credit awards in the accounts;
• and
• an investment vehicle purchase processing unit for purchasing the ownership interest in the investment vehicle on behalf of the consumer with the credit awards in the accounts upon the credit awards in the account reaching a predetermined level, the investment vehicle being subject to appreciation or depreciation.