Inventors:
Daniel A. Carretta - Concord NC, US
Thomas M. Hancock - Charlotte NC, US
Karen K. Lewy - Baltimore MD, US
Charles R. Liu - Baltimore MD, US
Jack Meyers - Clayton CA, US
Sheryl W. Strott - Atlanta GA, US
Faith A. Tucker - Wichita KS, US
Carrie A. Williams - Alpharetta GA, US
Assignee:
Bank of America Corporation - Charlotte NC
International Classification:
G06Q 40/00
US Classification:
705 35, 705 38, 705 39, 705 44
Abstract:
A computer implemented method of processing a financial transaction executed by first person includes determining an automatic savings amount from the financial transaction by rounding up the amount of the financial transaction to the nearest dollar. The method further includes debiting the calculated savings amount from an account of the first person and crediting the savings amount to an account of a second person.