Lesley R Corydon

US Patent:

20130173375, Jul 4, 2013

Filed:

Jan 14, 2013

Appl. No.:

13/740331

Inventors:

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 Shuttesworth - Jacksonville FL, US

Assignee:

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

International Classification:

G06Q 30/02
G06Q 50/16

US Classification:

705 1433

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.

US Patent:

20140324559, Oct 30, 2014

Filed:

Jun 24, 2014

Appl. No.:

14/313021

Inventors:

- New York NY, 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

International Classification:

G06Q 30/02

US Classification:

705 1417

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 paid by each complying mortgage customer during a predetermined time period. The method further includes transferring the calculated reward payment amount to a pre-selected location for each complying mortgage customer, wherein the pre-selected location is accessible to the corresponding complying mortgage customer.