Pre-paid financial savings and investment card system

摘要

A savings and investment system and method including a plurality of pre-paid investment cards (PPICs) which can be purchased by individuals as investment products for themselves or as gifts for PPIC recipients. The PPICs are pre-paid stored value cards that are provided for use with the investment system by a PPIC company, which establishes relationships with partner financial services providers and partner retailers to provide investment vehicles and the PPICs. The value stored on the PPICs can be redeemed through a PPIC website maintained by the PPIC company or the partner financial services provider(s), whereby the value on the PPIC is deposited in an investment account established for the PPIC recipient, and then allocated among specified investment vehicles. The PPIC purchaser may optionally define usage rules governing how the PPIC value is allocated.

主权项

1. A method of administering a goal based savings and investment program comprising:
providing one or more prepaid investment cards (PPICs), each PPIC having a security number associated therewith; activating, via one or more computers, at least one PPIC, the activated PPIC having a monetary value associated therewith and redeemable through the goal based savings and investment program, wherein at least a portion of the monetary value is transferable to a goal based investment account associated with a recipient of the PPIC and wherein the goal based saving and investment program and goal based investment account are configured to encourage saving and facilitate achievements of one or more investment goals associated with the goal based investment account via the PPIC by at least in part, enforcing, at least one defined usage restriction; creating, via the one or more computers, the goal based investment account for the recipient of the activated PPIC; associating, via one or more computers, the activated PPIC with the goal based investment account; transferring, via one or more computers, at least a portion of the monetary value of the PPIC to the goal based investment account; and allocating, via one or more computers, the transferred monetary value to at least one [specified] investment associated with the goal based investment account in accordance with the at least one defined account usage restriction.