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:
Sep. 25, 2012
Filed:
Jan. 04, 2010
Erik Stephen Ross, Charlotte, NC (US);
Hans Dirk Schumacher, Matthews, NC (US);
David Neil Joffe, Charlotte, NC (US);
Susan Smith Thomas, Gastonia, NC (US);
Erik Stephen Ross, Charlotte, NC (US);
Hans Dirk Schumacher, Matthews, NC (US);
David Neil Joffe, Charlotte, NC (US);
Susan Smith Thomas, Gastonia, NC (US);
Bank of America Corporation, Charlotte, NC (US);
Abstract
Embodiments of the present invention relate to methods and apparatuses for determining, recommending, and/or executing a payment strategy. For example, in some embodiments, a method is provided for determining a payment strategy for using at least some funds from a first account to make two or more payments on a second account during a single pay period. In such embodiments, the method includes: (1) determining that the second account includes a payment due date and a minimum payment due; (2) determining a number of payments to make on the second account; (3) determining a payment amount for each payment, such that the total payment amount for all of the payments is sufficient to at least offset the minimum payment due; and (4) determining a triggering event for each payment, such that each of the payments is made on or before the payment due date.