AUTOMATED MONEY ALLOCATION SYSTEM AND METHOD

摘要

Disclosed is a method and system for controlling allocation and transfer of funds among multiple recipients. The method includes receiving registration information from a user, storing the registration information, assigning to the user a primary account, and multiple sub-accounts linked to the primary account in a waterfall hierarchy, receiving recipient account information to be linked to the sub-accounts, receiving a set of selectively repeating predefined rules corresponding to the sub-accounts. The rules include a funds allocation rule for allocating a portion of funds deposited in the primary account into the sub-accounts, and determining if allocated funds in the sub-accounts has hit the allocated target, a payment transfer rule for transferring the allocated target funds in the sub-accounts to the recipient account, and an authentication verification rule for verifying authentication of the user for updating the rules corresponding to the sub-accounts.

主权项

1. A method for controlling allocation and transfer of funds among a plurality of recipients, said method comprising the steps of:
receiving, at a web server, a plurality of registration information from a user; storing, in one or more databases said registration information associated with said user, wherein each of said databases being communicatively linked to said web server; assigning, to said user a primary account, and a plurality of sub-accounts communicatively linked with said primary account in a waterfall hierarchy; receiving from said user, at least one recipient account information to be linked to each of said sub-accounts; receiving from said user, a set of selectively repeating predefined rules corresponding to each of said sub-accounts, wherein said set of predefined rules including at least one of:
a funds allocation rule for allocating a portion of funds deposited in said primary account into each of said sub-accounts until the funds deposited in said primary account is fully allocated, and determining if allocated funds has hit the allocated target for each of said sub-accounts,a payment transfer rule for transferring the allocated target funds in each of said sub-accounts to said recipient account based on at least one said determination, and a predetermined scheduled date, andan authentication verification rule for verifying authentication of said user for selectively updating said set of predefined rules corresponding to each of the sub-accounts.