US2015228022A1PendingUtilityA1

Securities based card spending settlement management system and method

34
Individually held — no corporate assignee on recordPriority: Aug 29, 2012Filed: Apr 21, 2015Published: Aug 13, 2015
Est. expiryAug 29, 2032(~6.1 yrs left)· nominal 20-yr term from priority
Inventors:Jennifer C. Brown
G06Q 40/04G06Q 20/405G06Q 20/20
34
PatentIndex Score
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Claims

Abstract

A system for managing a securities-based card spending account is disclosed. The system comprises a processor and an account comprising one or more securities. A first set of instructions is executable on the processor that is capable of allowing the setting of trade parameters defining percentages of the one or more securities to be traded to cover a purchase. A second set of instructions is executable on the processor for triggering one or more trades of the one or more securities according to the percentages defined in the trade parameters.

Claims

exact text as granted — not AI-modified
What is claimed is: 
     
         1 . A system for managing a securities-based spending account, the system comprising:
 a. a processor;   b. an account comprising one or more securities;   c. a first set of instructions executable on the processor that allow the setting of trade parameters defining percentages of the one or more securities to be traded to cover a purchase; and   d. a second set of instructions executable on the processor that trigger one or more trades of the one or more securities according to the percentages defined in the trade parameters.   
     
     
         2 . The system of  claim 1 , wherein the account comprises an educational spending account. 
     
     
         3 . The system of  claim 2 , wherein the purchase comprises one or more products that are qualifiable for purchase with the education spending account. 
     
     
         4 . The system of  claim 3 , further comprising a third set of instructions executable on the processor that qualify the one or more products that are qualifiable for purchase before the purchase is completed. 
     
     
         5 . The system of  claim 4 , further comprising a database having a table readable by the third set of instructions executable on the processor. 
     
     
         6 . The system of  claim 1 , further comprising a trade queue for storing one or more pending trade orders before execution. 
     
     
         7 . The system of  claim 6 , wherein the second set of instructions is further configured to determine, based on the one or more pending trade orders, whether the account has enough value before triggering the one or more trades. 
     
     
         8 . The system of  claim 7 , wherein the second set of instructions is further configured to determine, based on one or more executed trade orders that have not settled, whether the account has enough value before triggering the one or more trades. 
     
     
         9 . The system of  claim 7 , wherein the second set of instructions is further configured to determine, based on one or more executed trade orders that have not settled, whether the account has enough value, plus a buffer, before triggering the one or more trades. 
     
     
         10 . The system of  claim 9 , wherein the buffer comprises a percentage of the purchase. 
     
     
         11 . The system of  claim 8 , further comprising an escrow account for providing credit to cover the purchase until the one or more executed trade orders that have not settled, settle. 
     
     
         12 . A method for managing a securities-based spending account, wherein the account comprises one or more securities, the method comprising the steps of:
 a. allowing the setting of trade parameters defining percentages of the one or more securities to be traded to cover a purchase; and   b. triggering one or more trades of the one or more securities according to the percentages defined in the trade parameters.   
     
     
         13 . The method of  claim 12 , wherein the account comprises an educational spending account. 
     
     
         14 . The method of  claim 13 , wherein the purchase comprises one or more products that are qualifiable for purchase with the educational spending account. 
     
     
         15 . The method of  claim 14 , further comprising the step of qualifying the qualifiable products before the purchase is completed. 
     
     
         16 . The method of  claim 12 , further comprising the step of storing one or more pending trade orders in a trade queue. 
     
     
         17 . The method of  claim 16 , further comprising the step of determining, based on the one or more pending trade orders, whether the account has enough value before triggering the one or more trades. 
     
     
         18 . The method of  claim 17 , further comprising the step of determining, based on one or more executed trade orders that have not settled, whether the account has enough value before triggering the one or more trades. 
     
     
         19 . The method of  claim 17 , further comprising the step of determining, based on one or more executed trade orders that have not settled, whether the account has enough value, plus a buffer, before triggering the one or more trades. 
     
     
         20 . The method of  claim 19 , wherein the buffer comprises a percentage of the purchase. 
     
     
         21 . The method of  claim 18 , further comprising the step of providing credit to cover the purchase until the one or more executed trade orders that have not settled, settle, using an escrow account.

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