Patent Number: 7,133,840

Title: Integrated nested account financial system with medical savings subaccount

Abstract: A computer system for managing a plurality of accounts, each the accounts being separated into a master account and at least one subaccount associated therewith, and at least one of the subaccount being a medical saving account (MSA). Each subaccount incorporates a subset of features available for the master account, the features corresponding to the specific needs dictated by the purpose of the subaccount. The purpose of a subaccount, in addition to being an MSA, can include regular payments (e.g., mortgage and other loans), credit/debit card, retirement account, and the like.

Inventors: Kenna; Janine S. (New York, NY), Butler; Patrick B. (Short Hills, NJ), Musmanno; Thomas (Warren, NJ), Ur; Kelly (E. Brunswick, NJ)

Assignee:

International Classification: G06Q 40/00 (20060101); G06F 15/16 (20060101); G06Q 10/00 (20060101); G06F 15/167 (20060101)

Expiration Date: 2019-11-07 0:00:00