The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jul. 24, 2018
Filed:
Jul. 17, 2017
Connectyourcare, Llc, Hunt Valley, MD (US);
David Roberts, Cockeysville, MD (US);
Melissa Stirling, Reisterstown, MD (US);
Peter Mazur, Lutherville, MD (US);
Jennifer Levy, Manchester, MD (US);
Bryan Schrock, Baltimore, MD (US);
Brian Strom, Baltimore, MD (US);
Dan Stachura, Parkton, MD (US);
ConnectYourCare, LLC, Hunt Valley, MD (US);
Abstract
Disclosed herein are system, method, and computer program product embodiments for reconciliation needed to enable access to accelerated contribution funded accounts (CFAs). An embodiment operates by configuring a management database to store a linked CFA associated with a CFA and a CFA on demand (CFAOD). A contribution processing system of a provider may receive a contributions file from an employer. The contribution processing system may delay contribution reconciliation of the linked CFA until a contribution amount is received. During contribution reconciliation, the contribution processing system may resolve the CFAOD using the received contribution amount such that the amount borrowed is minimized before funding the CFA with a remaining contribution amount. Upon resolution of the CFAOD, the contribution processing system may concurrently send information to a bank server and a card server to reconcile the respective bank and card accounts with the linked CFA at the provider.