ALEXANDRIA, Va., March 24 -- United States Patent no. 12,586,098, issued on March 24, was assigned to Bank of America Corp. (Charlotte, N.C.).
"Enhanced automatic savings program" was invented by Faith A. Tucker (Wichita, Kan.) and Portia Sherman Mackinnon (Charlotte, N.C.).
According to the abstract* released by the U.S. Patent & Trademark Office: "A computer implemented system and method are disclosed of processing a financial transaction that includes determining an automatic savings amount and rewards amount payments. The system may comprises a checking account, a savings account, an account of a merchant, and one or more computer systems including a communication interface, processor, and memory storing computer-executable instructio...