41 results about "Payment schedule" patented technology

A process and a system for providing a user with a plurality of periodic retirement income payments is disclosed. The process comprises the steps of receiving an input including two of a retirement date, a minimum retirement income amount and a defined premium payment amount for payment over a plurality of preset payment intervals. The process also includes the steps of calculating the other one of the retirement date, the minimum retirement income amount and the defined premium payment amount for an accumulation period defined by the retirement date and a current age of the user; receiving a premium payment amount from the user during the accumulation period; investing the received premium payment amount in an account in a manner consistent with one or more predefined objectives during the accumulation period to realize a retirement income amount. The process further includes the step of transmitting the retirement income amount to at least one of the user and a designated receiver at a designated time after the end of the accumulation period. The retirement income amount includes a predetermined guaranteed minimum retirement income if the received premium payments are received according to a preset premium payment schedule.

A consumer-based bill management and payment system is configured to receive, analyze, manage and pay electronic billing statements received from the biller over the Internet. The system includes a notification manager that detects when the electronic bill arrives and notifies the consumer. The bill is stored in memory with other unpaid electronic bills. According to another aspect of the invention, the system has a cashflow analyzer that enables the consumer to coordinate the unpaid electronic bills according to different payment schedules for a bill payment cycle (e.g., a month). The goal of the manipulation is to permit the consumer to analyze how the different payment schedules affect the consumer's cashflow with an aim toward minimizing overdraft during the bill payment cycle. The cashflow analyzer can automatically compute an optimized payment schedule that minimizes overdraft of the consumer's account, while maximizing the balance to generate the most interest. When the consumer desires to pay a particular bill, the bill is presented to the consumer through a graphical user interface (UI). The bill management and payment system supports a payment analyzer to enable the consumer to determine how much of the electronic bill to pay. The payment analyzer provides a venue to challenge certain items on the bill.

A system and method are provided for scheduling the payments of bills. An authorization server is provided to be in communication with one or more payment servers and a mobile device. The authorization server receives bills from a billing account, and each of the payment servers can make payments to the billing account. A mobile billing manager, residing on at least the mobile device, detects a new bill and then displays a graphical user interface (GUI) on the mobile device. Through the GUI, selection inputs are received, the selection inputs being associated with paying a first amount at a first date from a first payment account. Based on the payment schedule, the mobile billing manager, through the authorization server, instructs the payment server to make payments.

Provided is a payment method using one-time information, which is performed by a payment system network-connected to a relay server and a payment device and having actual card information, the method including: receiving a payment schedule message from the payment device; publishing a Bank Information Number in response to the payment schedule message, generating one-time card information not including the actual card information, and providing the generated one-time card information to the payment device; judging validity of a message for approval request transmitted from the relay server according to whether or not a difference between a first time when the one-time card information is returned through the relay sever and a second time when the one-time card information is provided to the payment device satisfies a predetermined reference time; and determining whether or not the message for approval request is approved according to a judgment result of the validity.

Disclosed are methods of leasing or billing for the usage of a portable suction pump adapted for use in a suction-assisted would treatment system. The pump has means for recording time units corresponding to periods of time when the pump is operating and for providing reports of usage time. The pump further has means for detecting that the wound treatment system is operating normally so as to be compliant with standards for suction wound treatment, and for recording and reporting time of normal operation or compliant usage. The methods include leasing the pump at a payment schedule that is based upon the amount of actual usage time or the amount of compliant usage time. The lease payment may include an amount of pre-paid time units such that unused time units can be credited to a new or renewed lease for a replacement pump. The billing methods can also be based in whole or in part on a planned maintenance schedule for the pump.

There is provided a computer-implemented method of estimating a capital reserve requirement to cover the longevity risk exposure of a financial instrument in the case of a future longevity shock, the financial instrument undertaking to pay to an investor sums according to a payment schedule of amounts arranged to match with the future cash flow obligations of a pension scheme to at least a portion of its members. The method comprises: (a) calculating, using computing apparatus, an expected payment schedule of the financial instrument by calculating what the cash flow obligations of the pension scheme to its relevant members would be in the case of an expected longevity scenario for the pension scheme membership occurring; (b) calculating, using computing apparatus, a present value of the financial instrument in the case of a stressed longevity scenario for the pension scheme membership in which a longevity-related shock to the expected longevity scenario of the pension scheme membership occurs; and (c) calculating, using computing apparatus and using the calculations of the expected payment schedule and a present value of the financial instrument in the case of a stressed longevity scenario, an estimate of the longevity capital reserve required to ensure that the future cash flow obligations of the financial instrument would be covered in the event that the stressed longevity scenario were to occur.

A poker game with physical cards or on an electronic gaming device may be played in which the aces are promoted up a payout schedule so as to provide greater payout than aces normally are accorded based upon pure statistical likelihood of the ace hand occurring. Multiple rounds of poker play against a pay table may be carried out, with the rounds progressing from one card to a defined number of cards such as 5 or 7, with wagers on each or some rounds. A single card poker hand pay schedule may be used, with the Ace of Spaces accorded a larger payout than other aces, and three community cards may be used to speed play at a table with multiple players playing against the modified pay table.

There is provided a method of securitizing a pension fund associated with a pension scheme, comprising: calculating, using data processing apparatus, the expected liabilities of a pension scheme to at least a portion of its members taking into account an expected mortality of the scheme members; issuing from a securities issuing entity a financial instrument which undertakes to pay to an investor a cash flow according to a payment schedule, said expected liabilities being establishing as the initial payment schedule of a financial instrument; exchanging financial instrument with assets held by pension fund; and supporting the securities issuing entity in issuing the financial instrument by providing risk capital to the securities issuing entity; wherein the risk capital is initially provided by at least three separate equity investor entities. One of the equity investor entities may be the corporate sponsor of the pension scheme. Alternatively the risk capital is initially provided by the corporate sponsor of the pension scheme.

A computer system trades investment vehicles secured by governmental assets via a computerized network. A computer server is accessible with a network access device via a communications network. Executable software stored on the server is executed to transmit data relating to trading investment vehicles secured by governmental assets; to receive an instruction to buy or sell an investment vehicle secured by governmental assets; and to transmit a live order from an investor, wherein the live order is related to the instruction to buy or sell an investment vehicle secured by governmental assets. A database of investment vehicle profiles is maintained that includes a term, a face value, a governmental guarantee to repay the face value at the end of the term, a payment schedule requiring periodic payments by the governmental entity comprising a percentage of the face value, and an allocation of appreciation of the pool of governmental assets during the term of the investment vehicle. The computer communications system can be a private network or the Internet.

The invention provides a computer implemented method of establishing a longevity financial instrument, the method comprising: establishing, using computing apparatus, a set of parameters determining payment amounts to be made according to a payment schedule for the financial instrument such that the payment amounts relate to the future liabilities of a pension scheme to at least a portion of its members. The parameters may determine the payment amounts to match the a calculation of the future liabilities of the pension scheme to at least a portion of its members, taking into account the actual cumulative mortality experience of the pension scheme membership. The various embodiments of the method provide a number of longevity financial instruments that have different payment schedules that are advantageously arranged to match different risk profiles and can be used to satisfy pension scheme sponsors having different risk appetites. The invention also provides methods of issuing longevity financial instruments established thus, and providing such longevity financial instruments to investors. The invention also provides financial instruments thus established and issued.

Methods of consolidating independent owners of distribution warehouses into a Real Estate Investment Trust (REIT) for purposes of achieving economics of scale, for obtaining favorable mortgage financing and for creating a vehicle to enable periodic refinancing and investment of proceeds from such refinancing in real estate opportunities. The REIT is formed and independent owners of distribution warehouses are assembled and selected to participate in the REIT. The participant enters in a sale-leaseback agreement with the REIT and transfers title in their warehouses to the REIT. The REIT finances the purchase of the warehouses by securing a non-recourse loan with at least a seven-year term, serviced on at least a seven-year debt payment schedule. On a periodic basis, preferably every seven years, each warehouse is reappraised, new leases entered into between the REIT and each participant, and new mortgage loans issued for each warehouse. The REIT invests proceeds from the new mortgage loans in real estate opportunities to produce investment revenue. The REIT distributes 90% of net earnings from the investment revenue to the participants.

Methods of consolidating independent owners of distribution warehouses into an investment corporation for purposes of achieving economics of scale, for obtaining favorable mortgage financing and for creating a vehicle to enable periodic refinancing and investment of proceeds from such refinancing in real estate opportunities. The investment corporation is formed and independent owners of distribution warehouses are assembled and selected to participate in the investment corporation. The participant enters in a sale-leaseback agreement with the investment corporation and transfers title in their warehouses to the investment corporation. The investment corporation finances the purchase of the warehouses by securing a non-recourse loan with at least a seven to ten year term, serviced on at least a seven to ten year debt payment schedule. On a periodic basis, preferably every seven to ten years, each warehouse is reappraised, new leases entered into between the investment corporation and each participant, and new mortgage loans issued for each warehouse. The investment corporation invests proceeds from the new mortgage loans in investment opportunities to produce investment revenue.

A method and system for generating bill payment schedule utilizes a composite pricing module to generate payment schedule over a predetermined period of time. In one aspect, a fraction of each pricing model attributing to the composite pricing model is determined. A charge fee associated with said each pricing model based on said fraction and said total price to charge is determined. Price to charge during each time unit of the time period is allocated, based on budget over the time period, discount rate, target profit margin and risk affordance. Bill schedule is generated using the allocated price.

A method for financing a product or service that includes determining a first loan amount and calculating a first periodic payment and a first term based on the first loan amount. The method further includes determining a supplemental allowance for a borrower and calculating a revised loan amount by summing the first loan amount and the supplemental allowance. Once the revised loan amount is determined, a revised periodic payment and a revised loan term based on said revised loan amount are determined; and the revised loan term is reduced by applying a second periodic payment schedule based one of the first periodic payment and the revised periodic payment.

A method of selecting images from a plurality of images previously transferred from a user and stored by a service provider, and ordering services to be provided utilizing the images, including establishing an account for the user with the service provider to permit the user to have access to ordered services; receiving a plurality of images from the user and storing the plurality of images in an electronic database provided by the service provider; displaying image designators for at least a subset of the images for viewing by the user; the user selecting a service to be provided using at least one selected image from the plurality of images stored in the electronic database, providing a price and a lower discounted price for the selected service; and using the discounted price if the user deletes at least one of the plurality of images from the electronic database.

A method of reducing a principal amount of a loan. The method comprises determining a payment schedule of a series of payments for repaying the principal amount of the loan, each payment comprising a principal portion and an interest portion, receiving payments, and crediting the principal portion of received payments towards the principal amount of the loan. The method also comprises investing at least a part of the principal portion in a portfolio comprising at least one investment instrument and applying at least a part of any gains made from the portfolio to the principal amount of the loan.

A funding method and system provides funding at all stages of product development and manufacture. One or more of the funding organizations are matched with one or more of the securities issuing entities, and one or more of the securities issuing entities are matched with one or more of the pathable development projects, based at least in part on projected financial return, a schedule of tranches for the stages of the pathable development project, and a surety arrangement. One or more of the securities purchasing entities are matched with one or more securities issuing entities.