METHOD AND SYSTEM OF ACCRETIVE VALUE STORE LOYALTY CARD PROGRAM

摘要

A method of enabling an employee to utilize earned and unpaid earnings includes receiving, with a with a central office processor, a record of an employee's accrued and unpaid earnings for a predetermined time period and storing the record in a database. The method further includes receiving, with the central office processor, an electronic request from an employee to access the employee's record of accrued and unpaid earnings for the predetermined time period. Upon receipt of the request, the central office processor accesses the database including the record of the employee's accrued and unpaid earnings for the predetermined time period and determines an amount of the employee's accrued and unpaid earnings for the predetermined time period available to the employee and transmits the amount for display to the employee. The central office processor may also authenticate the employee's identity upon receiving the request to access the employee's accrued and unpaid earnings by comparing verification information transmitted from the user device to information in the employee record.

主权项

1. A method of enabling an employee to utilize earned and unpaid earnings; comprising:
receiving, from an employer database associated with the employer's payroll record, with a central office processor, a record of an employee's accrued and unpaid earnings for a predetermined time period and storing the employee's accrued and unpaid earnings in a central office database; receiving, by an employee, at a remote network access device, an electronic request to access the employee's record of accrued and unpaid earnings for the predetermined time period stored at the central office database and transmitting the request to the central office; receiving, from a remote network access device, with the central office processor, the electronic request from the employee to access the employee's record of accrued and unpaid earnings for the predetermined time period; accessing, with the central office processor, the central office database including the record of the requested employee's accrued and unpaid earnings for the predetermined time period and determining an amount of the employee's accrued and unpaid earnings for the predetermined time period available to the employee; transmitting, with the central office processor, the employee's available accrued and unpaid earnings to the remote network access device for display to the employee with the remote network access device; receiving, with the central office processor, an electronic request from the remote network access device to transfer a desired portion of the employee's accrued and unpaid earnings and comparing the desired portion of the employee's accrued and unpaid earnings to the employee's available accrued and unpaid earnings; comparing, with the central office processor, the amount of the desired portion of the employee's accrued and unpaid earnings with the employee's available accrued and unpaid earnings and transmitting, from the central office processor, to the remote network access device, at least one participating store and at least one incentive offered to employee for purchasing goods and services at the participating store with the employee's accrued and unpaid earnings and displaying the at least one participating store and the at least one incentive with the remote network device and wherein the incentive is defined by the at least one participating store; generating, at the remote network device, an electronic request for the desired portion of the employee's accrued and unpaid earnings to be transferred for the employee's benefit to an employee selected participating store; receiving, with the central office processor, the electronic request from the employee to transfer the desired portion of the employee's available accrued and unpaid earnings to the employee selected participating store; transferring, from a bank associated with the central office, the desired amount of accrued and unpaid earnings to a sponsoring bank where the participating store maintains an account wherein the employee's conveyed accrued and unpaid earnings are held; and updating, with the central office processor, the employee's record of accrued and unpaid earnings for the predetermined time period in the database to reflect the transferred desired amount of the employee's accrued and unpaid earnings.