Patent ID: 8725611
Filing Date: 2014-05-13
Classification: G06Q

Abstract:
1. An automated method for providing a borrowing scheme, the method comprising the steps of: receiving, by a programmed computer processor, a designated event, comprising an expenditure of funds, from a user; determining parameters tied to or identifying the designated event using the programmed computer processor, wherein the parameters tied to or identifying the designated event comprises at least one identifier or way for: tying one or more transactions to the designated event or identifying one or more transactions associated with the designated event; providing incentives to the user via a network, wherein the incentives comprise upgrades, discounts or access relevant to the designated event; determining whether a transaction or balance amount is tied to the designated event using the programmed computer processor; rewarding at least one benefit, to the user, based upon each transaction tied to the designated event using the programmed computer processor, wherein the at least one benefit comprises an interest free period of time or a reduced interest rate applied to the transaction; and