Patent ID: 7941371

Claim:
A programmable computer system for facilitating the secure administration of a deposit account control agreement, the computer system comprising: (a) means for a banking application, supported by the programmable computer system, configured to communicate with one or more of an obligor and an obligee, wherein the obligee has a lien on a deposit account pledged to the obligee by the obligor to secure an obligation of obligor; (b) means for a transaction application, supported by the programmable computer system, configured to allow the obligee to electronically initiate the withdrawal or transfer funds from the deposit account without prior notification of or manual instruction for the withdrawal to a bank, and without the active human participation of bank employees; and (c) means for a user interface, supported by the programmable computer system, configured to display a balance in the deposit account, to accept instructions electronically from the obligee to transfer or withdraw funds from the deposit account, and to accept a first PIN to allow the obligor to access and control the deposit account and a second PIN to allow the obligee to also access and control the deposit account, and wherein the first PIN and the second PIN do not provide the same type of access to and control over the deposit account.