U.S. patent application number 11/880246 was filed with the patent office on 2007-11-15 for system and method for funding a collective account by use of an electronic tag.
This patent application is currently assigned to First USA Bank, N.A.. Invention is credited to Charles E. JR. Schwarz.
Application Number | 20070265924 11/880246 |
Document ID | / |
Family ID | 34195075 |
Filed Date | 2007-11-15 |
United States Patent
Application |
20070265924 |
Kind Code |
A1 |
Schwarz; Charles E. JR. |
November 15, 2007 |
System and method for funding a collective account by use of an
electronic tag
Abstract
A system and method for funding a collective account via
aggregating usage of electronic tags is disclosed. The system and
method promotes the use of electronic tags, and the funding of
collective accounts that may be associated with charitable or other
philanthropic causes. Further benefits may be realized by
replenishing the prefunded account that serves as the source of
funds for the electronic tag to an affinity account that also
benefits the charitable or other philanthropic cause.
Inventors: |
Schwarz; Charles E. JR.;
(Wilmington, DE) |
Correspondence
Address: |
HUNTON & WILLIAMS LLP;INTELLECTUAL PROPERTY DEPARTMENT
1900 K STREET, N.W.
SUITE 1200
WASHINGTON
DC
20006-1109
US
|
Assignee: |
First USA Bank, N.A.
Bank One Delaware, N.A.
Chase Manhattan Bank USA, N.A.
Chase Bank USA, N.A.
JPMorgan Chase Bank, N.A.
|
Family ID: |
34195075 |
Appl. No.: |
11/880246 |
Filed: |
July 20, 2007 |
Related U.S. Patent Documents
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Application
Number |
Filing Date |
Patent Number |
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10936374 |
Sep 8, 2004 |
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11880246 |
Jul 20, 2007 |
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09927462 |
Aug 13, 2001 |
6945453 |
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10936374 |
Sep 8, 2004 |
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Current U.S.
Class: |
705/14.17 ;
235/375; 235/380; 705/14.27; 705/14.39 |
Current CPC
Class: |
G06Q 30/0279 20130101;
G06Q 30/00 20130101; G06Q 30/0234 20130101; G06Q 30/0236 20130101;
G07B 15/063 20130101; G06Q 30/0238 20130101; G06Q 30/0239 20130101;
G06Q 30/0226 20130101; G06Q 30/02 20130101; G06Q 10/08 20130101;
G06Q 30/0215 20130101 |
Class at
Publication: |
705/014 ;
235/375; 235/380 |
International
Class: |
G06Q 30/00 20060101
G06Q030/00 |
Claims
1-35. (canceled)
36. A method for attributing a reward to an individual account and
a collective account, comprising: associating an RFID tag with an
individual account, wherein the individual account and the RFID tag
are both associated with the tagholder and a financial institution
and at least one organization, wherein the tagholder is the holder
of the individual account and the financial institution issues the
individual account, wherein further the financial institution
comprises one or more host computers; aggregating purchase amounts
for purchases made from a plurality of merchants using the
individual account as a payment source; determining if any of the
purchases that were made using the individual account as
attributing the first reward to the individual account; attributing
the second reward to a collective account associated with the at
least one organization, wherein the at least one organization
comprises at least one of a business organization, a trade
organization, a political party, a religious organization, an
athletic organization, a professional society, an educational
organization, a charitable organization, a fund-raising
organization, or a governmental organization, or combinations
thereof; and distributing the first reward to the tagholder from
the financial institution.
37. The method of claim 36, further comprising: associating the
RFID tag with at least one prefunded account, wherein the prefunded
account has a balance; maintaining at least one of the prefunded
accounts; and debiting the balance of at least one of the prefunded
accounts in an amount related to RFID tag usage.
38. The method of claim 37, further comprising replenishing the
prefunded account balance with funds from the individual account
associated with the RFID tag upon fulfillment of some predetermined
condition.
39. The method of claim 36, wherein the individual account is
associated with at least one loyalty program, wherein further the
tagholder earns a third reward based on the tagholder's
participation in the loyalty programs.
40. The method of claim 36, wherein the second reward is calculated
based at least in part on RFID tag usage.
41. The method of claim 36, wherein the RFID tag is branded with a
symbol, name colors, or combinations thereof, generally associated
with the at least one organization.
42. The method of claim 36, wherein the RFID tag comprises a sound
generating device.
43. The method of claim 42, wherein the sound generating device
generates a programmed sound generally associated with the
organization.
44. The method of claim 36, wherein one or both of the first and
second rewards comprise cash, airline miles, reward points,
services, goods, rebates, up front payment, statement credit,
discounts or combinations thereof.
45. The method of claim 36, wherein the tagholder selects the
organization.
46. The method of claim 36, wherein the RFID tag comprises an LED
controllable via the tagholder.
47. The method of claim 36, wherein the RFID tag comprises an LCD
controllable via the tagholder.
48. The method of claim 36, wherein the RFID tag comprises at least
one communication port allowing the tag to communicate with other
devices.
49. The method of claim 36, wherein the RFID tag comprises a
microprocessor.
50. The method of claim 36, wherein the RFID tag comprises a
transmitter.
51. The method of claim 36, wherein the RFID tag further comprises
at least one of a smart card, a plastic card, a bar coded sticker,
a transponder readable by a reader/antenna, or combinations
thereof.
52. The method of claim 51, wherein the RFID tag operates in half
duplex mode.
53. The method of claim 51, wherein the RFID tag operates in full
duplex mode.
54. The method of claim 36, wherein the individual account
comprises a credit account, a debit account, a stored value account
or a rewards account.
55. The method of claim 36, wherein the first reward is distributed
to the individual account substantially upon tag usage.
56. The method of claim 36, wherein the first reward is
periodically distributed to the tagholder.
Description
FIELD OF THE INVENTION
[0001] The invention relates generally to the funding of collective
accounts through the use of electronic tags ("tag" or "tags"). More
specifically, the invention relates to systems and methods for
funding a collective account that may be used for a variety of
purposes, such as making charitable contributions or otherwise
contributing to causes, based on tag usage and the "float" of a
prefunded account associated with a tag.
BACKGROUND OF THE INVENTION
[0002] Electronic tags are used today to conduct various financial
transactions. For instance, the Mobil.RTM. division of ExxonMobil
Corporation sponsors a program called SPEEDPASS.RTM. whereby a
customer can purchase gas and other goods and services by
activating a system with a tag containing a transponder, where the
tag is associated with some source of the customer's funds which
are used to pay for the purchase. The tag may be kept on a keyring,
and is waved in front of a detector to activate the system.
[0003] Another popular, rapidly growing use of electronic tags is
in Electronic Toll Collection ("ETC") systems including E-Z
PASS,.RTM. GEORGIA CRUISE CARD,.RTM. SUNPASS,.RTM. EPASS,.RTM. and
FAsTRAK,.RTM. among others, which allow a motorist to
electronically charge a toll for using certain roadways without
having to physically stop at a tollbooth to pay the toll. ETC
systems are a part of the technology known as Intelligent
Transportation Systems ("ITS") fostered by the Intelligent
Transportation Society of America ("ITSA"), a society composed of
private and public members which was mandated by the United States
Congress in the Intermodal Surface Transportation Efficiency Act of
1991 ("ISTEA") to coordinate the development and deployment of
intelligent transportation systems in the United States. ETC
systems enhance the safety, capacity, and efficiency of the tollway
systems in this country, as well as improve customer service and
satisfaction. In addition, ETC systems improve air quality by
reducing the number of vehicles which sit at idle speed at
tollbooths.
[0004] The users of these tags generally associate a prefunded
account to serve as a source of funds to pay for charges made with
their tags, where the prefunded account balance is referred to as
the "float." These prefunded accounts are maintained by the ETC
system operator, who invests the account balances and makes a
profit off this "float." The user may automatically replenish the
prefunded account by instructing the system to charge additional
"float" to an individual checking, savings, or credit card account
or other source of funds that is associated with the tag when the
prefunded account balance reaches a low limit, or the user may
manually replenish the prefunded account balance.
[0005] ETC systems operate by detecting some tag identification
information associated with the tag using some type of sensor as
the motorist passes through a tollbooth or otherwise activates the
sensor and determining which prefunded account is associated with
that tag. Tag identification information may be contained in bar
coded labels, which are placed on the vehicle and detected by laser
scanners at the tollbooth. Alternatively, tag identification
information may be transmitted via an RF or IR or other type of
transponder located in the tag, where the emitted signal is read by
a reader/antenna located at the tollbooth. Often the tags are
intended to be attached to the motorist's front windshield or side
window by some type of adhesive, and are, for the most part,
contained in generic plastic casings which many consider
unattractive to display.
[0006] When the tag identification information is detected by a
scanner or reader/antenna at a tollbooth, the prefunded account
associated with that tag is debited the amount of the corresponding
toll or charge. Annual toll revenues for the nation's toll roads
which use ETC systems easily exceed one billion dollars a
year,.sup.1 so enrollment of users in the nation's ETC systems
contemplates a significant "float" potentially to be held by ETC
systems operators. .sup.1According to data compiled during the
years of 1996 through 1999 by the ETTM, a component of the
Intelligent Transportation Systems (ITS). See
www.ettm.com/usafac.html.
[0007] Some potential ETC users currently do not enroll in the
systems because they do not want to leave their money in the
prefunded account where they lose the use of the account balance,
and where they are committed to spending the prefunded account
balance with the ETC system operator. Further, as noted, the tags
currently used are considered plain and unattractive, which may
lead some motorists not to mount the tags on their windshields,
creating a safety hazard as those motorists fumble to find the tag
to pay the toll.
SUMMARY OF THE INVENTION
[0008] The method and system of the invention overcomes these
problems of the prior art, and adds an incentive for potential
users to sign up for and to use ETC tag systems. As well, the
invention provides ETC systems operators an incentive to make
charitable and other contributions based on the users' tag usage
and "float."
[0009] It is feature of the invention to provide a method and
system for funding a collective account with a reward based either
on aggregate tag usage of a plurality of tags associated with that
collective account or on the aggregate of prefunded account
balances for a plurality of prefunded accounts associated with the
collective account.
[0010] It is another feature of the invention to provide an
incentive for potential users of electronic tag systems to open and
prefund accounts with electronic tag system operators.
[0011] It is yet another feature of the invention to facilitate a
method for electronic tag systems operators to make charitable and
other financial contributions.
[0012] It is yet another feature of the invention to provide an
electronic tag that will increase public awareness of charitable or
other political or educational causes.
[0013] It is yet another feature of the invention to facilitate the
earning of rewards in a loyalty program sponsored by or otherwise
associated with a for-profit or retail program, where the tag is
associated with an individual account that is associated with the
loyalty program.
[0014] It is another feature of the invention to provide an
additional benefit to holders of collective accounts by prefunding
accounts with individual accounts that are associated with and
benefit the holders of the collective accounts through affinity
programs.
[0015] It is another feature of the invention to encourage use of
ETC systems by motorists and thereby benefiting the
environment.
[0016] It is yet another feature of the invention to increase
safety at toll booths by providing an electronic tag that motorists
will want to install on their windshields.
[0017] One aspect of the invention relates to a method and system
for funding a collective account comprising a plurality of tags and
prefunded accounts associated with those tags, associating the tags
or the "float" of the prefunded accounts to the collective account,
aggregating either the tag usage or the prefunded account balances,
calculating a reward based on the aggregate tag usage or prefunded
account balances, and funding the reward to the collective account.
The funds in the collective account may be used for a variety of
purposes, such as making charitable contributions, funding
political campaigns, or making contributions to religious or civic
groups or educational institutions.
[0018] Another aspect of the invention relates to decorating a tag
with a symbol, name, or color scheme of the target organization.
Not only does such decoration increase public awareness of the
tagholder's chosen cause, but it also increases the likelihood that
the user (if a motorist) installs the tag on the windshield of the
vehicle which increases highway safety by reducing motorist
distraction as he or she fumbles to locate the tag as he or she
approaches the toll booth.
[0019] Another aspect of the invention relates to a method and
system for associating a prefunded account for a tag with an
individual account that is itself associated with a loyalty
program, and increasing credits in the loyalty program through use
of the electronic tag. These loyalty program credits may inure to
the benefit of the tagholder, as for example where the individual
account amasses cash bonuses or frequent flyer miles upon
individual account usage. Alternatively, the loyalty program
benefits may inure to a charitable or other organization, as where
the individual account is an affinity account that makes a
contribution to a chosen card based on individual account usage.
Further, an organization that is the beneficiary of both an
affinity program associated with an individual account associated
with a tag and is also the holder of a collective account
associated with the same tag may receive double benefits from tag
usage.
[0020] As used in this specification, the terms "tag" and "tags"
refer to any known or later developed device or object, associated
in some manner to a source of funds, that may be used to activate a
system for automatically making purchases of goods or services and
charge the purchase of those goods or services to the associated
source of funds. The associated source of funds may itself be a
prefunded account, and may also be associated with at least one
other source of funds, as an individual account, to replenish the
prefunded account balance.
[0021] Other features and advantages of the invention will become
apparent from the description of the preferred embodiments in
conjunction with the following figures.
BRIEF DESCRIPTION OF THE DRAWINGS
[0022] The invention will be described with reference to the
accompanying drawings, in which like elements are referenced with
like numerals.
[0023] FIG. 1 is a schematic of one embodiment of the invention
illustrating a plurality of tags each associated with an individual
account, a prefunded account, and a collective account.
[0024] FIG. 2 is a flowscheme of one embodiment of the
invention.
[0025] FIG. 3 is a flowscheme of an alternative embodiment of the
invention
[0026] FIG. 4 is a schematic of a computer-based system for funding
a collective account.
DETAILED DESCRIPTION OF THE INVENTION
[0027] The invention relates generally to a method and system for
funding a collective account through the use of electronic tags, or
through profits made off the "float" of the prefunded accounts
associated with those tags. One embodiment of the invention may
comprise associating each of a plurality of tags to a prefunded
account and a collective account, or alternatively associating the
prefunded account directly to the collective account. The invention
further comprises aggregating tag usage for all associated tags in
the collective account. A reward may be calculated based on the
aggregate tag usage for all tags associated with the collective
account and the reward credited to the collective account, thus
providing an incentive for tagholders to increase their use of ETC
systems. The above steps can be accomplished in real time or on a
periodic basis. The funds in the collective account may be used for
a variety of purposes as, for example, funding of charitable,
religious, political, or educational institutions. Individual
tagholders may be members of the organization that is the holder of
the collective account.
[0028] According to another embodiment of the invention, the reward
to the collective account may be calculated based on the aggregate
prefunded account balances for all prefunded accounts associated
with the collective account, thus providing an incentive for
tagholders to increase the "float" amounts kept in their prefunded
accounts.
[0029] In another embodiment of the invention, the system operator
may establish a number of collective accounts and designate each
collective account for a particular purpose as an environmental
purpose, charitable purpose, etc. Tagholders may associate all or a
portion of their prefunded accounts and/or tag usage to one or more
collective accounts. In this embodiment, it is not necessary that
tagholders be members of any organization that is the holder of the
collective account, and a single tagholder may associate his or her
prefunded account and/or tag usage in percentages to multiple
collective accounts.
[0030] Tagholders may be issued periodic reporting statements
detailing the contributions made in relation to the association of
their prefunded accounts and/or tags to collective accounts.
[0031] Another embodiment of the invention relates to a
computer-based system for funding a collective account, wherein a
tag is associated with prefunded and collective accounts. The
system may include a host computer capable of programmed response
and software capable of monitoring individual tag usage or
prefunded account balances, aggregating tag usage or prefunded
account balances, and calculating a bonus based on the aggregate
tag usage or prefunded account balances of all prefunded accounts
associated with a particular collective account. The computer may
perform other functions as generating statements of the prefunded
accounts to the tagholders and statements of the collective account
to the holder of the collective account, and may also be capable of
automatically initiating a funds transfer from an individual
account associated with the tag and/or prefunded account to
replenish the prefunded account based upon predetermined
conditions, such as low prefunded account balance. In addition, a
plurality of remote computers may be networked or otherwise capable
of communicating with the host computer, where the remote computers
are associated with reader/antennas at tollbooths or other sites
where a tag may be used to purchase a good or service. The
reader/antennas may be capable of detecting tag identification
information and transmitting the tag identification information
along with the charge to the remote computers, which can then
transmit the information to the host computer to charge the
associated prefunded account for that tag. Alternatively, remote
computers may access the host computer for tag identification
information, and identify the prefunded account before transmission
of the charge information to the host computer.
[0032] In another embodiment of the invention, the tag and
prefunded account may be associated with an individual account used
as a source of funds to replenish the prefunded account based on
fulfillment of predetermined conditions, as for example a
predetermined low balance amount in the prefunded account. The
individual account may be an affinity account, where an
organization receives a benefit from use of the individual account.
If the affinity organization is also the holder of the collective
account, that organization can realize a double benefit from a
tagholder's use of the tag--both from the affinity program when the
individual account is used to fund the prefunded account, and again
when the reward is calculated and awarded based on tag usage. In
other embodiments, the individual account may be associated with a
loyalty program, where benefits accrue directly to the tagholder
upon use of the individual account. In this scenario, increased tag
usage benefits the holder of the collective account, and also
causes increased needs to replenish the prefunded account, which
then benefits the tagholder directly by increased loyalty program
credits.
[0033] The presence of an LED and/or LCD readout in the tag allows
the user to view such information as remaining balance in his or
her prefunded account or to receive and/or view messages
transmitted from the reader/antenna. The tag may also have the
ability to generate a sound that indicates a successful detection
by the reader/antenna or a low prefunded account balance which
might be a theme song associated with the holder of the collective
account, as for example the fight song of a selected university.
The tag may have a communication port to allow it to communicate
with other devices, as for example relaying traffic information
received from the reader/antenna to a device capable of reading and
mapping out the relayed information within a vehicle or some remote
or hard wired device.
[0034] The holder of the collective account can be an organization
comprising a plurality of members. However, the tagholders are not
necessarily members of the holder of the collective account, as the
tagholders may designate different causes to receive the reward.
The collective account may also comprise one or more sub-accounts,
where each sub-account is designated for a different purpose.
[0035] The reward may be calculated in a number of ways. For
example, the reward may be based on aggregate tag usage or
aggregate "float" of the prefunded account balances associated with
the collective account calculated over some period of time.
Alternatively, the reward may be customized by basing it on a
comparison of aggregate tag usage or aggregate "float" of the
prefunded account balances during a given period to historic
performance, where increased performance in the given period
results in a proportionately greater reward. Alternatively, a
minimum performance standard may be set to achieve any reward to be
credited to the collective account.
[0036] Although the invention is described in terms of electronic
tags associated with prefunded accounts, collective accounts, and
individual accounts, this description is not intended to limit the
invention but is rather one embodiment as will be apparent to those
skilled in the art.
[0037] Referring now to FIG. 1, a schematic of one embodiment of
the invention is detailed for funding a collective account 100 such
as a charitable contribution account. The invention comprises a
plurality of tags 105.sub.1 through 105.sub.n, each tag associated
with at least one prefunded account 110.sub.1 through 110.sub.n.
Also, each tag may be associated with a collective account 100, as
selected by the tagholder. Alternatively, each prefunded account
110.sub.n may be associated directly with the collective account
100, or each tag 105.sub.n may be associated with multiple
collective accounts (not shown). The invention further comprises
aggregating the tag usage for at least some of the tags associated
with the collective account 100, calculating a reward based on the
aggregate tag usage, and funding the collective account 100 with
the calculated reward. Alternatively, for tags associated with
multiple collective accounts, the tagholder may select the
percentage of tag usage to be associated with each collective
account. In other embodiments, account balances of prefunded
accounts 110.sub.1 through 110.sub.n may be aggregated for purposes
of calculating the reward. The tags and prefunded accounts may also
be associated with individual accounts 115.sub.1 through 115.sub.n,
which may be used as a source of funds to replenish the prefunded
accounts 110.sub.1 through 110.sub.n upon fulfillment of a
predetermined condition, as a low prefunded account balance.
[0038] A flowscheme of one embodiment of the invention is shown in
FIG. 2. At 200, each tag is associated with some tag identification
information, which could be detected in various manners as IR or RF
transmissions or bar code scanners. At 210, each tag is associated
with a prefunded account within the ETC system as well as at least
one collective account. When the tag identification information is
detected by a reader/antenna during tag usage at 220, it is used by
the ETC system to identify the specific tag and associated
prefunded account. The detector could detect signals emitted by a
transponder located in the electronic tag, as RF or IF signals, or
alternatively the tag may comprise a bar code which is detectable
by a sensor. Regardless of the form of detection, the ETC system
debits the prefunded account associated with the identified tag for
the amount of the toll or purchase. Tag usage, or portion of tag
usage, can be aggregated for each tag associated with the
collective account at 230. At 240, a bonus or reward can be
calculated based on aggregate tag usage for a collective account,
which is credited to the collective account at 250.
[0039] A flowscheme of an alternative embodiment of the invention
is shown in FIG. 3. At 300, each tag is associated with some tag
identification information, which could be detected in various
manners as IR or RF transmissions or bar code scanners. At 310,
each tag is associated with a prefunded account within the ETC
system as well as at least one collective account. When the tag
identification information is detected by a reader/antenna during
tag usage at 320, it is used by the ETC system to identify the
specific tag and associated prefunded account. The detector could
detect signals emitted by a transponder located in the electronic
tag, as RF or IF signals, or alternatively the tag may comprise a
bar code which is detectable by a sensor. Regardless of the form of
detection, the ETC system debits the prefunded account associated
with the identified tag for the amount of the toll or purchase. On
some periodic basis, prefunded account balances can be aggregated
for each prefunded account associated directly with, or indirectly
through a tag with, the collective account at 330. At 340, a bonus
or reward can be calculated based on aggregate prefunded account
balances for a collective account, which is credited to the
collective account at 350.
[0040] Referring to FIG. 4, one embodiment of a computer-based
system for funding a collective account is described. The ETC
system may have a host computer 400, a plurality of remote
computers 410.sub.1 through 410.sub.n, and a plurality of
reader/antennas 420.sub.1 through 420.sub.n associated with remote
computers 410.sub.1 through 410.sub.n. The host computer has a
processor 460 capable of programmed response, and also has a
storage unit 470, which may comprise a hard drive or other
magnetic, solid state or other storage media, for storing
applications, data, operating system and other information.
[0041] Upon or anytime after tagholder enrollment with the ETC,
searchable indexed computer files 430.sub.1 through 430.sub.n are
created by the host computer processor 460 for each enrolled
tagholder and stored in the host computer storage 470. The files
430.sub.1 through 430.sub.n may contain such information as an
individual tagholder's name, address, tag identification
information, prefunded account information, tag usage, and selected
collective account(s). The files 430.sub.1 through 430.sub.n may
also contain information identifying individual accounts that may
be used to replenish the prefunded account balances. Each account
can be indexed by the tag identification information, name, and
selected collective account. Also, files 480.sub.1 through
480.sub.n may be created by processor 460 and stored in storage 470
containing information for a plurality of collective accounts.
[0042] A plurality of readers/antenna 420.sub.1 through 420.sub.n
may be located at remote locations from the host computer 400 at
the sights where the tagholders use the tags to purchase goods or
services. The tag can transmit or is otherwise detectable to
provide the tag identification information. Each reader/antenna
420.sub.n may be associated with and capable of communicating with
a remote computer 410.sub.n, where each remote computer is capable
of communicating with and transmitting information to and receiving
information from the host computer 400. In addition, each local
computer 410.sub.n may also have a processor capable of
programmable response and storage capability.
[0043] When a tag is detected by the reader/antenna 420.sub.n for a
purchase of a good or a service, tag identification information can
be recorded in the local computer 410.sub.n along with the amount
of the charge. Either in real time or on a periodic basis, the
local computer 410.sub.n can communicate with the host computer 400
and transmit the detected tag identification information along with
the associated charge amount. Using the tag identification
information, the host computer 400 can access the file 430.sub.n
indexed by that tag identification information, and debit the
prefunded account associated with that file for the charge
amount.
[0044] Either in real time or on a periodic basis, the processor
460 of the host computer 400 can access all tags and/or prefunded
accounts that are associated with a certain collective account
480.sub.n and either aggregate the total tag usage or the "float"
of the prefunded account balances for the prefunded accounts
associated with that collective account. A reward can be calculated
based on these aggregates, and the processor 460 can initiate a
funds transfer in an amount equal to the reward to the collective
account 480.sub.n.
[0045] The foregoing embodiments have been presented for the
purpose of illustration and description only and are not to be
construed as limiting the scope of the invention in any way. The
scope of the invention is to be determined from the claims appended
hereto.
* * * * *
References