United Services Automobile Association (usaa)

Lisa Ellis Schwartz

Sarah Brooke Severson

Christopher Charles Ogburn

Douglas Irby Ward

John Dale Hegstrom

Ronald Bryan Sweet

Robert J Schaffer, Iii

Christopher P Keene

Phillip Neil Beyer

Peter H McKenna

Jeff Dennes

Patricia A Loeffler

Christy Lynn Newburn

Charles Bear

Randy Bear

Funding source data, such as bank account information or credit card information, associated with a user is stored in an enterprise-wide database maintained by an institution, such as a financial services institution. The data in the enterprise-wide database may be accessible to entities associated with the institution upon the user's authorization. The user only has to provide the funding source data once and may then use that funding source to pay for any product, service, bill, etc. associated with any of the entities of the institution. A user may update funding source data once, and this updated funding source data may then be available to all the entities. After providing account details for the user's various funding sources, a user can assign any of the funding sources to a payment plan for any product or service in any entity of the institution.

Systems and methods for automatic payment plan

A method for providing a financial instrument includes providing a processor. The method also includes generating, using the processor, an annuity comprising a fluctuating annuity payment and an option to fix the fluctuating annuity payment and setting a payment schedule for the fluctuating annuity payment.

Single premium immediate annuity with adjustable payment

A method of providing a financial product includes providing a computer processor, determining, using the computer processor, a fluctuating interest rate using a sum of a securities-based interest rate and an additional interest rate, and generating, using the computer processor, a periodic payment product using the fluctuating interest rate, wherein the periodic payment product is characterized by a payment schedule. The method also includes generating, using the computer processor, a plurality of fluctuating periodic payments using the fluctuating interest rate and obtaining an indication to fix the fluctuating interest rate at a fixed interest rate. The method further includes thereafter, determining, using the computer processor, the fixed interest rate and generating a fixed periodic payment using the fixed interest rate.

A fluctuating annuity payment is determined and generated, and that annuity payment is subsequently fixable. The fluctuating annuity payment may be based on an interest rate, such as the market yield of a 1-year U.S. Treasury adjusted to constant maturity, for example. The fluctuating annuity payment may be determined on a certain date, or periodically, for example. The annuity payment, while fluctuating, may have a predetermined floor or minimum threshold amount that is does not pay less than. At some point, a request may be received to fix the payment, and the fluctuating annuity payment is converted to a fixed annuity payment. The fixed annuity payment may be based on a long term interest rate, for example. After receiving a request to fix the annuity payment, a payment schedule may be determined based on the value of the remaining payments that are to be made.

Growing community of inventors

Helotes, TX, United States of America

Lisa Ellis Schwartz