Arrangements and methods for automatically dispersing and tracking funds
AssigneeTCF Financial Corporation
InventorsKevin Kuntz, Ron Britz, Jeff Farmer, Gene Allen
Life of this patent
Estimating the term…
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AssigneeTCF Financial Corporation
InventorsKevin Kuntz, Ron Britz, Jeff Farmer, Gene Allen
Estimating the term…
In an example application, a banking institution implements a computer-automated arrangement with another corporate entity that is independent of the banking institution. The arrangement permits the other corporate entity to render funds to corporate designees associated with the corporation's bank account via an account-management specification that defines and tracks funds under sub-accounts. The arrangement includes banking-sponsored-corporate-activatable (BSCA) articles; a communication arrangement for communicating an association command from the other corporate entity that associates activated BSCA articles with respective sub-accounts according to the specification, the activated BSCA articles facilitating redemption of pre-paid corporate funds in response to the other corporate entity both issuing the activated BSCA articles to designated card recipients and communicating the association command; and a tracking arrangement for tracking the redemption efforts resulting from uses of the activated BSCA articles by tracking the respective sub-accounts by the banking institution in response to communicating of the association command.
For use with a banking institution and another corporate entity that is operated independently of the banking institution, a computer-facilitated method for rendering funds associated with a master account holding funds of the other corporate entity and having a plurality of sub-accounts and according to account management terms between the banking institution and the other corporate entity, the computer-facilitated method comprising:
Dependencies are inferred from the claim text.