Patent ID: 8682753

Claim:
A computer implemented method for Users to consolidate and update Users' financial account information on a networked System database comprising electronic debiting and crediting information for one or more of a User's financial account(s), and then automatically updating the User's information on a Third Party's database, comprising: a) Users consolidating and updating Users' financial account(s) information in a System database; b) connecting to the System by Third Party Systems, wherein said Third Party Systems are authorized to electronically deduct or credit one or more of said Users' account(s); c) granting by the System only the Users' account(s) information said Third Party Systems are authorized to receive; d) making previously identified data available by the System for download by Third Party Systems, wherein said data comprises account information a Third Party needs for electronically deducting or crediting a User's account; and, e) wherein financial accounts comprise bank accounts, credit card accounts, debit card accounts, retirement accounts, investment accounts, PayPal® accounts and other similar financial accounts.