John T Livaditis, Age 525 Equestrian Cir, Hockessin, DE 19707

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5 Equestrian Cir, Hockessin, DE 19707 (302) 235-2733

101 Sandra Rd, Wilmington, DE 19803

York, PA

Newark, DE

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Us Patents

Reward Program For Loan Accounts

US Patent:
2014020, Jul 24, 2014
Filed:
Jan 23, 2013
Appl. No.:
13/748220
Inventors:
- Charlotte NC, US
John Livaditis - Wilmington DE, US
Faith Hepler - Wilmington DE, US
Phyllis Thesing - Charlotte NC, US
Erica Geers - Chicago IL, US
Colleen Novielli - Evanston IL, US
Eric Charles Boyd - New London Township PA, US
Assignee:
BANK OF AMERICA CORPORATION - Charlotte NC
International Classification:
G06Q 30/02
US Classification:
705 1417
Abstract:
A computer system enables a financial institution to award a fixed reward that may include one or more fixed components based on at least one payment criterion when a customer remits a payment in a timely basis. The payment criteria, for example, may include paying a minimum amount for each consecutive billing period in a timely manner over a predetermined calendar interval. When the customer is awarded the fixed reward, the reward may be directed to an account that is designated by the customer. The fixed reward may also include a basic fixed amount for satisfying the at least one payment criterion a well as an additional fixed amount if the customer has a specified relationship (such as a checking and/or a savings account) with the financial institution.

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