# US 8,571,957 B1 · Electronic financial transaction warehouse > Agents: this data is available as JSON from the patentgrep API and MCP server — see https://patentgrep.com/llms.txt - Number: US 8,571,957 B1 - Document ID: US8571957B1 - Status: Granted - Kind: B1 - Application number: 13/533,675 - Filed: 2012-06-26 - Granted: 2013-10-29 - Earliest claimed: 2002-05-28 - Assignees: United Services Automobile Association (USAA) - Applicants: Jeff Dennes - Inventors: Jeff Dennes - Web page: https://patentgrep.com/patent/US8571957B1 ## CPC - G06Q 40/02: Banking, e.g. interest calculation or account maintenance (credit or loans G06Q40/03) - G06Q 40/00: Finance; Insurance; Tax strategies; Processing of corporate or income taxes - G06Q 40/03: Credit; Loans; Processing thereof - G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR ## Abstract A method of managing all personal financial accounts is accomplished by providing an electronically accessible repository containing financial asset and liability account information. The repository may be electronically accessed by various access channels for reviewing the status of any account in the repository, transferring an external account into the repository, creating a new account in the repository, transferring account adjustments into and out of the repository, making account adjustments within the repository, closing or deleting an account within the repository, presenting a bill to the repository, and paying a bill from one or more accounts in the repository. ## Claims ### Claim 1 A computer-implemented method for managing financial accounts comprising: providing, using a computer, a repository that includes: a plurality of financial asset accounts, wherein some of the plurality of financial asset accounts have independent sources; and a plurality of liability accounts, wherein some of the plurality of liability accounts have independent sources, and wherein the independent sources are differing business entities; and providing access to the repository to an authorized source via an access channel. ### Claim 2 (depends on 1) The method of claim 1, wherein the plurality of financial asset accounts include at least one of a checking account, a savings account, a CD account, a money market account, an annuity account, a credit card account, a line of credit account, a stock account, a bond account, and a cash surrender value whole life insurance policy. ### Claim 3 (depends on 1) The method of claim 1, wherein the plurality of liability accounts include at least one of a billing account, a mortgage account, a utility account, a credit card account, a loan account, a line of credit account, an insurance account, accounts payable, a subscriber account, and customer deposits. ### Claim 4 (depends on 1) The method of claim 1, wherein providing access includes providing access to a status review of the plurality of financial asset accounts and the plurality of liability accounts. ### Claim 5 (depends on 4) The method of claim 4, wherein providing access to a status review includes providing current information regarding the plurality of financial asset accounts and the plurality of liability accounts. ### Claim 6 (depends on 1) The method of claim 1, wherein providing access includes at least one of providing access for transferring an external account into the repository, creating a new account in the repository, and closing an account within the repository. ### Claim 7 (depends on 1) The method of claim 1, wherein the method includes transferring an amount of funds from a financial asset account to a liability account in the repository. ### Claim 8 (depends on 7) The method of claim 7, wherein transferring the amount of funds from the financial asset account to the liability account includes transferring the amount of funds from a financial asset account with an independent source to a liability account with an independent source. ### Claim 9 (depends on 1) The method of claim 1, wherein the access channel includes at least one of Internet, intranet, voice response, automatic teller machine, wireless, and financial management software in connection with the repository. ### Claim 10 A non-transitory computer-readable medium having computer executable instructions for managing financial accounts stored thereon that are executed by a processor to: provide, using a computer, a repository that includes a plurality of financial asset accounts and a plurality of liability accounts, wherein each of the plurality of financial asset accounts are independently sourced from one another and each of the plurality of liability accounts are independently sourced from one another, and wherein the independent sources are differing business entities; and provide access to the repository to an authorized source via an access channel. ### Claim 11 (depends on 10) The non-transitory computer-readable medium of claim 10, wherein the plurality of financial asset accounts are included in a financial asset account group. ### Claim 12 (depends on 10) The non-transitory computer-readable medium of claim 10, wherein the plurality of liability accounts are included in a liability account group. ### Claim 13 (depends on 10) The non-transitory computer-readable medium of claim 10, comprising instructions executed to provide a transfer of an external account into the repository. ### Claim 14 (depends on 10) The non-transitory computer-readable medium of claim 10, comprising instructions executed to provide a bill payment from an account in the repository. ### Claim 15 (depends on 14) The non-transitory computer-readable medium of claim 14, wherein the bill payment includes transferring an amount of funds from a financial asset account with an independent source to a liability account with an independent source. ### Claim 16 A system, comprising: a processor; a memory storing computer-readable instructions for managing financial accounts, the computer-readable instructions executable by the processor to: provide a repository that includes a plurality of financial asset accounts, wherein some of the plurality of financial asset accounts have an independent source, and a plurality of liability accounts, wherein some of the plurality of liability accounts have an independent source, and wherein the independent sources are differing business entities; provide access to the repository to a user via an access channel; and transfer an amount of funds from a financial asset account to a liability account in the repository. ### Claim 17 (depends on 16) The system of claim 16, wherein the user includes an authorized account executive and an individual in control of management of the account. ### Claim 18 (depends on 16) The system of claim 16, wherein the computer-readable instructions are executable by the processor to provide a status review of the plurality of financial asset accounts and the plurality of liability accounts. ### Claim 19 (depends on 16) The system of claim 16, wherein the independent sources are related through the repository. ### Claim 20 (depends on 16) The system of claim 16, wherein the repository is provided by a financial management firm that includes at least one of a bank, a brokerage firm, a mutual fund, a credit union, an insurance company, a credit card company, a financial agency, and a financial services company.