Method and system to create and distribute excess funds from consumer spending transactions

Abstract

An improved system for consumer payors to save and donate whenever they use cash at a point of sale terminal, write a check, use an ATM machine, or use a credit or debit card. The POS system is a network composed of subscriber/payors, neutral merchant/collectors, a central clearinghouse, and provider accounts. The Rounder system is a network composed of subscriber/payors, payees, account managers, and provider services. The systems together provide subscriber/payors with a seamless way to save/donate every time they spend.

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       15 . A computerized method of changing credits in payor accounts from financial transactions between a payor and a payee, said method being computerized and comprising the steps of: 
 entering a tendered amount into a station of a network controlled by the payee, said amount being greater than any amount due the payee;    subtracting any amount due the payee from at least a portion of the tendered amount to obtain an additional amount;    transmitting the additional amount to a separate station forming part of a network controlled by other than the payee and, within the separate station crediting the additional amount into a payor account.    
   
   
       16 . A method as in  claim 15 , wherein the step of transmitting the additional amount includes the step of the payee crediting the additional amount to the payor account in the separate station of the network, wherein the separate station is in the hands of a central clearing entity, so that the payee remains neutral to the additional amount.  
   
   
       17 . A method as in  claim 16 , further comprising the step of printing out the status of said payor account.  
   
   
       18 . A method as in  claim 15 , wherein said payor account is one of a plurality of payor accounts, and further comprising assigning predetermined portions of at least one of said payor accounts into sub accounts identifying at least one of charities, banks, and other sub accounts after crediting the payor accounts.  
   
   
       19 . A method as in  claim 16 , wherein said payor account is one of a plurality of payor accounts, further comprising assigning predetermined portions of at least one of said payor accounts into sub accounts identifying at least one of charities, banks, and other sub accounts, at the time of crediting the payor accounts.  
   
   
       20 . A method as in  claim 15 , wherein any amount due is zero so that the additional amount is equal to the tendered amount and the additional amount is transmitted to the separate station and so that the payor may add to a payor account without making a payment to the payee.  
   
   
       21 . A method as in  claim 15 , wherein, in response to data signals from the separate station, the station controlled by the payee prints out a receipt for the payor concerning the data in the current credit or debit transaction and the overall balance in the payor account.  
   
   
       22 . A method as in  claim 15 , further comprising, in response to payor data signals, transmitting data in the payor account back to the station controlled by the payee.  
   
   
       23 . A method as in  claim 15 , further comprising, in response to payor data signals entered in the payee station, transmitting data in the payor account back to the station controlled by the payee.  
   
   
       24 . A computerized method of changing credits in payor accounts from financial transactions between one or more payors and a payee, said method comprising the steps of: 
 entering into different stations of a network controlled by the payee and in different transactions, respective amounts each being greater than an amount due the payee;    for each entry and transaction and station, subtracting any amount due the payee from at least a portion of the tendered amount to obtain an additional amount;    for each entry and transaction and station, transmitting any additional amount to a separate station and, within the separate station crediting the additional amount into a payor account.    
   
   
       25 . A method as in  claim 24 , wherein the separate station is part of the network controlled by the payee.  
   
   
       26 . A method as in  claim 24 , further comprising the step of printing out the status of said payor account.  
   
   
       27 . A method as in  claim 24 , wherein said payor account is one of a plurality of payor accounts, and further comprising assigning predetermined portions of at least one of said payor accounts into sub accounts identifying at least one of charities, banks, and other sub accounts after crediting the payor accounts.  
   
   
       28 . A method as in  claim 24 , wherein said separate station stores, in computer code, one or more payor accounts from one or more payors.