Mark A Haney

US Patent:

8498937, Jul 30, 2013

Filed:

Nov 11, 2011

Appl. No.:

13/294649

Inventors:

Mark A. Haney - Jonesboro AR, US

Assignee:

Tech Friends, Inc. - Jonesboro AR

International Classification:

G06Q 40/00

US Classification:

705 41, 705 35, 705 39

Abstract:

Systems and methods for managing financial accounts associated with residents of controlled-environment facilities are disclosed. In some embodiments, a method may include receiving information corresponding to a pooled account (e. g. , a trust account, etc. ) held by a financial institution (e. g. , a bank), at least in part, for the benefit of residents (e. g. , work-release inmates, etc. ) of a controlled-environment facility (e. g. , a jail, prison, etc. ). The method may also include allocating funds within the pooled account to corresponding residents. The method may further include designating a first portion of the funds allocated to a given resident as inaccessible to the resident and designating a second portion of funds allocated to the given resident as accessible to the resident. A magnetic card, near-field communications (NFC) device, or the like may be associated with the accessible portion of a resident's funds and used to complete transactions inside and/or outside of the controlled-environment facility.

US Patent:

20130311364, Nov 21, 2013

Filed:

Jul 30, 2013

Appl. No.:

13/953973

Inventors:

Mark A. Haney - Jonesboro AR, US

Assignee:

Tech Friends, Inc. - Jonesboro AR

International Classification:

G06Q 20/10
G06Q 20/40
G06Q 20/34

US Classification:

705 41, 705 39, 704275

Abstract:

Systems and methods for managing financial accounts associated with residents of controlled-environment facilities are disclosed. In some embodiments, a method may include receiving information corresponding to a pooled account (e.g., a trust account, etc.) held by a financial institution (e.g., a bank), at least in part, for the benefit of residents (e.g., work-release inmates, etc.) of a controlled-environment facility (e.g., a jail, prison, etc.). The method may also include allocating funds within the pooled account to corresponding residents. The method may further include designating a first portion of the funds allocated to a given resident as inaccessible to the resident and designating a second portion of funds allocated to the given resident as accessible to the resident. A magnetic card, near-field communications (NFC) device, or the like may be associated with the accessible portion of a resident's funds and used to complete transactions inside and/or outside of the controlled-environment facility.