Patent ID: 8341045
Filing Date: 2012-12-25
Classification: G06Q

Abstract:
1. A method of administering a goal based savings and investment program, the method comprising: activating, via one or more computers, at least one prepaid investment card associated with a monetary value and redeemable through the goal based savings and investment program, wherein at least a portion of the monetary value is transferable to a goal based investment account associated with a recipient of the prepaid investment card, and wherein the goal based savings and investment program and goal based investment account are configured to encourage saving and facilitate achievement of one or more investment goals associated with the goal based investment account via the prepaid investment card by, at least in part, enforcing at least one defined account usage restriction; creating, via the one or more computers, the goal based investment account associated with the recipient of the activated prepaid investment card, wherein the goal based investment account is funded at least in part through redemption of the prepaid investment card; defining, via the one or more computers, the one or more investment goals associated with the goal based investment account; defining, via the one or more computers, the at least one account usage restriction associated with the goal based investment account; associating, via the one or more computers, the activated prepaid investment card with the goal based investment account; transferring, via the one or more computers, at least a portion of the monetary value to the goal based investment account, wherein the transferred monetary value is an amount of the monetary value redeemed by the recipient of the prepaid investment card; and allocating, via the one or more computers, the transferred monetary value to at least one investment associated with the goal based investment account in accordance with the at least one defined account usage restriction.