Patent ID: 7072862
Filing Date: 2006-07-04
Classification: G06Q,G07F

Abstract:
1. A computerized system for distributing spending vehicles comprising: a payment due from a governmental entity; an assignable right to receive said payment from said governmental entity, said assignable right held by an individual; a spending vehicle offered by a third party sponsor to said individual in exchange for at least a portion of said individual's right to receive said payment due; an assignment of at least a portion of said individual's right to receive said payment to said third party sponsor in exchange for said spending vehicle; wherein information associating said payment with said spending vehicle from said third party sponsor is stored in and retrieved from a computer to facilitate processing of said spending vehicle and said spending vehicle is issued to said individual in an amount for spending by said individual of said at least a portion of said payment, said governmental entity is electronically notified to transfer said at least a portion of said payment to said third party sponsor, and said at least a portion of said payment is received by said third party sponsor.