WO2006055972A3 - Trust-linked debit card technology - Google Patents

Trust-linked debit card technology Download PDF

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Publication number
WO2006055972A3
WO2006055972A3 PCT/US2005/042566 US2005042566W WO2006055972A3 WO 2006055972 A3 WO2006055972 A3 WO 2006055972A3 US 2005042566 W US2005042566 W US 2005042566W WO 2006055972 A3 WO2006055972 A3 WO 2006055972A3
Authority
WO
WIPO (PCT)
Prior art keywords
trust
user
account
debit card
bank
Prior art date
Application number
PCT/US2005/042566
Other languages
French (fr)
Other versions
WO2006055972A2 (en
Inventor
La Motte Alain L De
Original Assignee
La Motte Alain L De
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by La Motte Alain L De filed Critical La Motte Alain L De
Priority to AU2005306261A priority Critical patent/AU2005306261A1/en
Priority to JP2007543479A priority patent/JP2008521148A/en
Publication of WO2006055972A2 publication Critical patent/WO2006055972A2/en
Priority to IL183314A priority patent/IL183314A0/en
Publication of WO2006055972A3 publication Critical patent/WO2006055972A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G06Q20/10—Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems

Abstract

A revenue-producing debit card system and method for users who have bank accounts includes a trust account and plural debit cards. Each debit card is linked to a trust account that allows overnight balances to be invested at a profit for the benefit of the account holder. The system also includes a link between a bank account of a user, a debit card of the user, and the trust account, so that the debit card is linked to a bank account that is a pass-through, net zero balance bank account. The trust account includes a trust sub-account of the user, and the cash balance required to settle card transactions of the user is each time transferred from the trust sub-account of the user. The bank account of the system is used only to book a simultaneous debit and credit for the bank account each time the debit card is used by the user at a remote merchant location, and to report card activity usage. The method also creates a legal structure (e.g. a trust) in which the debit card user is a beneficiary and the user's ownership interest in the trust is evidenced by issuance and delivery of a floating trust-participation receipt. The user's beneficial interest in the trust fluctuates as debits and credits are posted to the user's bank account. The user's percentage ownership in the trust is the pro-rata of his account balance at any point in time relative to the total amount of money in the trust.
PCT/US2005/042566 2004-11-22 2005-11-22 Trust-linked debit card technology WO2006055972A2 (en)

Priority Applications (3)

Application Number Priority Date Filing Date Title
AU2005306261A AU2005306261A1 (en) 2004-11-22 2005-11-22 Trust-linked debit card technology
JP2007543479A JP2008521148A (en) 2004-11-22 2005-11-22 Trust related debit card technology
IL183314A IL183314A0 (en) 2004-11-22 2007-05-20 Trust-linked debit card technology

Applications Claiming Priority (4)

Application Number Priority Date Filing Date Title
US63023304P 2004-11-22 2004-11-22
US63023404P 2004-11-22 2004-11-22
US60/630,234 2004-11-22
US60/630,233 2004-11-22

Publications (2)

Publication Number Publication Date
WO2006055972A2 WO2006055972A2 (en) 2006-05-26
WO2006055972A3 true WO2006055972A3 (en) 2009-04-23

Family

ID=36407884

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2005/042566 WO2006055972A2 (en) 2004-11-22 2005-11-22 Trust-linked debit card technology

Country Status (4)

Country Link
JP (1) JP2008521148A (en)
AU (1) AU2005306261A1 (en)
IL (1) IL183314A0 (en)
WO (1) WO2006055972A2 (en)

Citations (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6105865A (en) * 1998-07-17 2000-08-22 Hardesty; Laurence Daniel Financial transaction system with retirement saving benefit

Family Cites Families (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
JPS59151259A (en) * 1983-02-16 1984-08-29 Omron Tateisi Electronics Co Bank system
JP2003323547A (en) * 2002-05-07 2003-11-14 Mizuho Bank Ltd Method and program for providing bank account information
JP2004046873A (en) * 2002-07-01 2004-02-12 A Plus:Kk Effective management system for financial asset

Patent Citations (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6105865A (en) * 1998-07-17 2000-08-22 Hardesty; Laurence Daniel Financial transaction system with retirement saving benefit

Also Published As

Publication number Publication date
JP2008521148A (en) 2008-06-19
AU2005306261A1 (en) 2006-05-26
WO2006055972A2 (en) 2006-05-26
IL183314A0 (en) 2008-04-13

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