US5826243A
Expired / Lapsed
US
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Integrated system for controlling master account and nested subaccount(s)
Assignee: Andrei Iancu Under Secretary Of Commerce For Intellectual Property And Director Of United States Patent And Trademark Office
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Filing: 1994-01-03
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Granted: 1998-10-20
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Expires: 2014-01-03
Abstract
Abstract Data processing for an improved securities brokerage/cash management system which supervises, implements and coordinates a composite account having a master account and one or more subaccount(s). The nested subaccounts incorporate a subset of features corresponding to the specific needs dictated by the purpose of the subaccount and thus streamline system operation for the recordkeeper.
Inventors
- 👤 Thomas Musmanno
- 👤 Kelly Ur
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-10-24 11:49
CPC Classifications
G; G06; G06Q; G06Q20/00; G06Q20/22; G06Q20/227; G06Q20/04; G06Q20/08; G06Q20/10; G06Q20/38; G06Q20/40; G06Q20/405; G06Q40/00; G06Q40/02
Claims Analysis
Total Claims: 9
Claim 1
Independent Claim
128 words
A data processing system for managing a plurality of accounts, wherein each account includes a master account, is held by a first individual, and is directed to particular profile of financial attributes and capabilities, comprising: account input means for receiving account transactions from said individual corresponding to account activity inquiries and account asset transfers in a master account; account processing means for creating and controlling one or more subaccounts associated with said master account, wherein said account processor permits a particular profile of account transactions to be associated with each said subaccount, said profile representing a subset of transaction functions or identifications associated with said master account; and account reporting means for creating, displaying, or outputting reports corresponding to transactions undertaken for each account on a periodic basis.
Claim 2
Dependent Claim
128 words
A data processing system for managing a plurality of accounts, wherein each account includes a master account, is held by a first individual, and is directed to particular profile of financial attributes and capabilities, comprising: account input means for receiving account transactions from said individual corresponding to account activity inquiries and account asset transfers in a master account; account processing means for creating and controlling one or more subaccounts associated with said master account, wherein said account processor permits a particular profile of account transactions to be associated with each said subaccount, said profile representing a subset of transaction functions or identifications associated with said master account; and account reporting means for creating, displaying, or outputting reports corresponding to transactions undertaken for each account on a periodic basis.
Claim 3
Dependent Claim
24 words
The system of claim 1, wherein said accounts processing means includes means for transferring assets between said master account and each of said subaccounts.
Claim 4
Dependent Claim
52 words
The data processing system of claim 2, wherein said account processing means provides an identification that a particular subaccount is associated with a second individual and with a master account held by said first individual, and further provides an identification that said first and second individuals are members of the same household.
Claim 5
Dependent Claim
29 words
The system of claim 1 wherein said master account includes asset transaction means for support of at least one credit card, one checking account and one security brokerage account.
Claim 6
Dependent Claim
23 words
The system of claim 4 wherein said subaccounts include transaction capabilities specifically limited to asset transfer between said subaccount and said master account.
Claim 7
Dependent Claim
52 words
The data processing system of claim 5, wherein said account processing means provides an identification that a particular subaccount is associated with a second individual and with a master account held by said first individual, and further provides an identification that said first and second individuals are members of the same household.
Claim 8
Dependent Claim
52 words
The data processing system of claim 4, wherein said account processing means provides an identification that a particular subaccount is associated with a second individual and with a master account held by said first individual, and further provides an identification that said first and second individuals are members of the same household.
Claim 9
Dependent Claim
52 words
The data processing system of claim 1, wherein said account processing means provides an identification that a particular subaccount is associated with a second individual and with a master account held by said first individual, and further provides an identification that said first and second individuals are members of the same household.
References Cited (Backward Citations)
No citation records indexed.
USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 2001-10-19 | 2002-04-20 | 2002-10-20 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2005-10-19 | 2006-04-20 | 2006-10-20 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2009-10-19 | 2010-04-20 | 2010-10-20 | $7700.00 | Window Closed / Lapsed |