PATENT CLAIM ANALYSIS

Application Number: 15877669
Application Type: Utility
Filing Date: 2018-01
Publication Date: 2018-07
Patent Classification: ["705", "03600T"]

Abstract:
A self-taxing device allows a consumer/payer/donor to allocate a small percentage or the like of each purchase to be added savings and/or donated to charity of the consumer's choice. In operation, the consumer will preauthorize withdrawals from their checking/working account which are based upon purchases made from their credit, debit, checking or savings account(s). These small amounts are held in a bucket/sweep account until a threshold in time or currency is reached, then a transfer is made to the charity or to savings. The consumer may also choose to participate in a social media platform which may automatically or manually post messages regarding donations to the charity or other benchmarks.

Claim (Index 1):
A method of self-taxing for savings and charitable donations by a consumer/payer having a checking account in at least one payer bank, in a banking system having: retailers/payees, a payee bank, a charity, at least one transaction data aggregator, and an ACH system for settlement; such payer also having a savings account, the method comprising the steps of:\n 1) such payer authorizing such payee to receive a payment; having an amount and having transaction data; 2) such payee requesting the payment via such payee bank; 3) such payee bank transmitting via such ACH system such request for the payment to such payer bank; 4) such payer bank transmitting via such ACH system the payment to such payee bank; 5) such payer bank reporting the payment to such payer and such payee bank reporting the payment to such payee; 6) in accordance with a preauthorization from such payer, reporting the payment to a self-taxing bank institution; 7) the self-taxing bank institution, also in accordance with the preauthorization, initiating a transfer of a first amount of money from such payer's checking account at such payer's bank to a sweep account set up with the consent of such payer; 8) when a first threshold is reached, transferring a first amount of money from the sweep account to a recipient.

Metadata:
- Claim Count in Document: 29.0
- Percentile: 86.0
- Lexical Diversity: 1.58442
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['12185718', '10145636', '13507387', '11428874', '12515813']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1287695051531397
- 35 USC 102 Novelty (BERT): 0.5033886294109053
- Combined Prediction Score: 0.1662314175789163
- Mean Citation Score: 262.73976400000004
- Max Citation Score: 276.40994
- Similarity Product: 196.0064424479866

Labels:
- Claim Label 101: 0
- Claim Label 102: 0
- Claim Label 103: 1
- Claim Label 112: 1
- Combined Label: 0
- Label 101 Adjusted: 0

Dataset: test