Patent ID: 7668764
Filing Date: 2010-02-23
Classification: G06Q,G07F

Abstract:
1. A computerized system for distributing a spending vehicle, comprising: a spending vehicle having a predetermined value; a right of an individual to receive a payment from a payor; an assignment executed by said individual wherein said individual agrees to transfer a portion of said payment from said payor to a third party acquiring said right to receive said at least said portion of said payment; a payor computer system for receiving payment data to facilitate electronically transferring said portion of said payment from said payor computer system to a third party computer system, said third party acquiring said right to receive said at least said portion of said payment; and wherein: (1) said spending vehicle is provided to said individual by said third party acquiring said right in exchange for said right to receive said at least said portion of said payment; and (2) data regarding said spending vehicle provided to said individual is recorded in said third party computer system.