Patent ID: 8712801
Filing Date: 2014-04-29
Classification: G06Q

Abstract:
1. A system for automated institutional processing of claims, comprising: a receiving computing device that receives a digitized insurance claim form from a user; an examination unit, including a first processor and a first memory coupled to the first processor, that examines at least one field in said claim form; an electronic transfer system that automatically opens a user account associated with the user upon indication from the examination unit that automatic payment will be made, and automatically transfers funds to the user account associated with said user upon examination of said at least one field by the examination unit, wherein the electronic transfer system grants access to the user account by both said user and an insurance company that provides the funds for the user account; a confirmation unit, including a second processor and a second memory coupled to the second processor, that confirms, after said transfer of funds, a validity of a claim made in said claim form; at least one subsystem that transfers said funds in proportion to a level of trustworthiness in a profile of said user, wherein the level of trustworthiness is determined using at least one of length of relationship with an institution, history of dubious claims, a credit rating, and armed service record; and at least one subsystem that revokes said funds in the user account back to an institutional account.