TIME-LIMITED FUND SHARING METHOD AND APPARATUS

摘要

A system, method, and computer-readable storage medium configured to enable the pooling and sharing of funds to cover shared expenses for a limited time. An electronic basket is created. The electronic basket includes a virtual prepaid payment card with a unique identifier and associated with a user. The user is prompted for potential contributors to the electronic basket. A network interface electronically contacts the potential contributors, and the electronic basket is stored in a user-card database. When the basket expires, users are prompted to extend the time period, or remaining funds are returned to basket contributors.

主权项

1. A method comprising:
creating an electronic basket, with a processor, the electronic basket comprising a virtual prepaid payment card with a unique identifier and associated with a user, the electronic basket having an expiry time; prompting a user for potential contributors to the electronic basket via a network interface; electronically contacting the potential contributors via the network interface; and, storing the electronic basket in a user-card database; wherein unspent remaining funds are returned to contributors when the electronic basket expires.