ALEXANDRIA, Va., June 17 -- United States Patent no. 12,314,973, issued on May 27, was assigned to CITIBANK N.A. (New York).
"Account program systems and methods" was invented by Sandra Reilly (New York) and Tim Akpinar (Brooklyn, N.Y.).
According to the abstract* released by the U.S. Patent & Trademark Office: "Disclosed are systems and methods that efficiently and reliably allows school district(s) and municipalities as well as third parties provide incentives to students' accounts, and those incentive awards can be converted to funds for additional education expenses. In one aspect, the method includes reconciling a plurality of transactions transferring funds to a student account from a municipal account upon a corresponding student a...