Patent ID: 7945514
Filing Date: 2011-05-17
Classification: G06Q

Abstract:
1. A computer-implemented method for processing a collective account said method comprising: performing the following steps at one or more computer servers: issuing a plurality of non-linked separate and independent financial instrument accounts to a plurality of account holders, the non-linked separate and independent financial instrument accounts adapted to be linked to collective accounts; providing a plurality of fundable collective accounts linkable with the plurality of separate and independent financial instrument accounts; receiving from two or more of the plurality of account holders, an indication of at least one fundable collective account to link with two or more separate and independent financial instrument accounts; linking the at least one fundable collective account and the two or more separate and independent financial instrument accounts; determining usage of the two or more separate and independent financial instrument accounts by monitoring the two or more separate and independent financial instrument accounts for indications of purchase transactions with a plurality of financial instruments each associated with one of the two or more separate and independent financial instrument accounts; aggregating usage corresponding to the two or more separate and independent financial instrument accounts linked with the at least one fundable collective account; calculating a first reward based on the aggregate usage of the two or more separate and independent financial instrument accounts; funding the at least one collective account with the first reward such that the first reward is divisible among one or more sub accounts according to a provided reward allocation; and providing an option to add or remove a linked collective account and adjust the provided reward allocation, wherein the providing, receiving, linking, aggregating, calculating and funding steps are performed by a computer comprising a processor and a memory.