Thomas Patrick Duffy
Architects at Knickerbocker Dr, Charlotte, NC
License number
North Carolina 4859
Category
Architecture
Address
Address
2313 Knickerbocker Dr, Charlotte, NC 28212
Professional information
Balance Rewards Account System And Method
US Patent:
7797238, Sep 14, 2010
Filed:
Nov 30, 2006
Appl. No.:
11/565156
Inventors:
Chandler Raymond Chinn - Charlotte NC, US
Thomas Patrick Duffy - Charlotte NC, US
Steven M. Grill - Charlotte NC, US
Dean Kluesner - Charlotte NC, US
Steven M. Kurk - Fort Mill SC, US
John Michael Rees - Charlotte NC, US
Thomas Patrick Duffy - Charlotte NC, US
Steven M. Grill - Charlotte NC, US
Dean Kluesner - Charlotte NC, US
Steven M. Kurk - Fort Mill SC, US
John Michael Rees - Charlotte NC, US
Assignee:
Bank of America Corporation - Charlotte NC
International Classification:
G06Q 40/00
US Classification:
705 42, 705 14
Abstract:
A method for operating an account includes several steps. The account is provided for holding assets of a customer, the account having a variable value controlled by the customer. At least a portion of the assets are held in the account for a time period that includes a plurality of cycles. At least a portion of the assets are invested during the time period, and earnings on the investment are transmitted to the customer. A plurality of average cycle values of the account are calculated, with each average cycle value calculated over one of the plurality of cycles. A minimum average cycle value is selected from the plurality of average cycle values, and a bonus is calculated based on the minimum average cycle value. The bonus is transmitted to the customer, and the customer chooses whether to repeat the process.