David Randolph Clifton

Address:

8 Timothy Ln, Stafford, VA 22556

Phone:

5407522929

VIN:

JTDKB20U977553720

Make:

Toyota

Model:

Prius

Year:

2007

US Patent:

8229846, Jul 24, 2012

Filed:

Jul 15, 2009

Appl. No.:

12/503609

Inventors:

Pat Sheehy - Alexandria VA, US
Lesley R. Corydon - Fair Haven NJ, US
David A. Clifton - Westerville OH, US
George Black - Powell OH, US
Jay Roth - Scottsdale AZ, US
Panickos Palettas - Dublin OH, US
Elaine Wistar - Ambler PA, US
Julie Shuttlesworth - Jacksonville FL, US

Assignee:

JPMorgan Chase Bank, N.A. - New York NY

International Classification:

G06Q 40/00

US Classification:

705 39, 705 35

Abstract:

A computer-implemented method is disclosed for rewarding mortgage customers of a financial institution. The method includes providing enrollment in a mortgage matching system to eligible mortgage customers, wherein eligibility requirements include the requirement that eligible mortgage customers hold both a mortgage account and a checking account with the financial institution. The customer makes periodic mortgage payments from the checking account to the mortgage account. The method monitors continued compliance with the eligibility requirements and submission of the periodic payments using a monitoring engine. The method further includes determining a reward payment amount to be made to each complying mortgage customer, wherein the reward payment amount is a predetermined percentage of principal and interest paid during a predetermined time period. The calculated reward payment amount is transferred to a pre-selected accessible location for each complying mortgage customer.

US Patent:

8392327, Mar 5, 2013

Filed:

Jun 29, 2012

Appl. No.:

13/537636

Inventors:

Pat Sheehy - Alexandria VA, US
Lesley R. Corydon - Fair Haven NJ, US
David A. Clifton - Westerville OH, US
George Black - Powell OH, US
Jay Roth - Scottsdale AZ, US
Panickos Palettas - Dublin OH, US
Elaine Wistar - Ambler PA, US
Julie Shuttlesworth - Jacksonville FL, US

Assignee:

JPMorgan Chase Bank, N.A. - New York NY

International Classification:

G06Q 40/00

US Classification:

705 39, 705 35

Abstract:

A computer-implemented method is disclosed for rewarding mortgage customers of a financial institution with a reward payment amount. The method includes providing enrollment in a mortgage matching system to eligible mortgage customers, wherein eligibility requirements include the requirement that eligible mortgage customers hold both a mortgage account and a checking account with the financial institution. The method additionally includes enabling the customer to make periodic mortgage payments from the checking account to the mortgage account and monitoring continued compliance with the eligibility requirements and submission of the periodic payments using a monitoring engine implemented by at least one computer processor. The method further includes determining a reward payment amount to be made by the financial institution to each complying mortgage customer using a fulfillment engine implemented by the at least one computer processor, wherein the reward payment amount is a predetermined percentage of principal and interest.