Patent ID: 6631358
Filing Date: 2003-10-07
Classification: G06Q

Abstract:
A method of facilitating savings by providing between a consumer and at least one financial institution an infrastructure for incremental savings by the consumer, the method comprising the steps of:entering an agreement in electronic form with the consumer under which specified funds will be directed on the consumer's behalf to a specified savings vehicle at the financial institution in response to at least one otherwise unrelated consumer-initiated covered electronic transaction, the financial institution not a party to the agreement; noting at least one covered electronic transaction, which is a transaction in response to which funds will be directed pursuant to the agreement, the scope of covered electronic transactions pursuant to the agreement being limited according to at least one of the time at which a transaction occurs and the transaction amount; and automatically directing specified funds on the consumer's behalf to the specified savings vehicle at the financial institution pursuant to the agreement in response to at least one consumer-initiated covered electronic transaction.