Payroll system to facilitate employee budget control and methods thereof

Abstract

Embodiments of the present invention generally relate to a financial budget control enhancement method for remote access that may be implemented in a financial service computer having a processor and a memory in communication with the processor, wherein the method may include receiving employee data comprising an employer pay schedule and an ordinary pay amount each pay period of the employer pay schedule for an employee; the processor establishing a secure communications channel to a portable device associated with the employee; receiving a pay data from the portable device via the secure communications channel, the pay data including a request to create a customized periodic payment plan, the customized periodic payment plan having a customized pay schedule different than the employer pay schedule.

What is claimed is: 
     
         1 . A financial budget control enhancement method for remote access implemented in a financial service computer having a processor and a memory in communication with the processor, the method comprising:
 receiving employee data comprising an employer pay schedule and an ordinary pay amount each pay period of the employer pay schedule for an employee;   the processor establishing a secure communications channel to a portable device associated with the employee;   receiving a pay data from the portable device via the secure communications channel, the pay data including a request to create a customized periodic payment plan, the customized periodic payment plan having a customized pay schedule different than the employer pay schedule and the ordinary pay amount for each pay period, the customized pay schedule having modified daily pay amounts that vary from day to day;   the processor extracting the customized pay schedule from the pay data and implementing the customized pay schedule by compensating the employee based on the customized pay schedule at a modified daily pay amount for each day according to the customized periodic payment plan;   wherein the customized pay schedule and modified daily pay amount provide a total employee compensation no greater than a total employee compensation under the employer pay schedule and the ordinary pay amount, over any given period of time.   
     
     
         2 . The method of  claim 1 , further comprising the processor electronically verifying the employee data with the employer. 
     
     
         3 . The method of  claim 1 , wherein the customized pay schedule comprises data regarding employee spending habits and the processor customizes and modifies the daily pay amount based on the employee spending habits.