SYSTEM AND METHOD FOR FACILITATING MICRO-DONATIONS ON PAYMENT CARD AND OTHER CASHLESS TRANSACTIONS

摘要

A system for facilitating micro-donations comprises a financial institution, a linked payment card or bank account, and a server in communication the financial institution and configured to host an application. The application monitors transactions performed by the linked payment card or bank account and provisionally rounds them up to the next dollar. When a donation target amount or time period is reached, the user is sent a message noting the total amount and asking for a selection to donate the amount to a previously selected philanthropic organization, or to keep the funds.

主权项

1. A system for facilitating micro-donations from a user comprising:
at least one financial institution; at least one payment card or bank account, each of said at least one payment card or bank account being linked to one of the at least one financial institutions; a server in communication with said at least one financial institution and being configured to host an application comprising:
a transaction monitor for monitoring and recording transactions on the at least one payment card or bank account;a visualization tool for providing a visualization of the user's progress towards a target amount or periodic goal for donation; anda financial institution interface; wherein the application is configured for:
receiving and recording a selection from the user of a philanthropic organization;receiving and recording a selection from the user of the target amount or periodic goal for donation;provisionally rounding up said transactions on the at least one payment card or bank account to the nearest dollar amount;updating user's total donation amount;sending a message to the user stating the total donation amount when said target amount or periodic goal for donation is reached and providing the user with an option to retain or donate said total donation amount;receiving a selection from the user to retain or donate said total donation amount; wherein the financial institution interface is configured for:
linking the at least one payment card or bank account to the application;transmitting instructions to said financial institution to withdraw or charge said total donation amount to said at least one payment card or bank account if user so chooses;transmitting instructions to said financial institution to transfer at least a portion of said charged or withdrawn total donation amount to the philanthropic organization selected by the user; andtransmitting instructions to the at least one financial institution to transfer a remaining portion of said withdrawn or charged total donation to an administrating organization.