US Patent Issued to United Services Automobile Association on Nov. 11 for "Systems and methods for administrating a certificate of deposit" (Texas, Ohio Inventors)

ALEXANDRIA, Va., Nov. 11 -- United States Patent no. 12,469,081, issued on Nov. 11, was assigned to United Services Automobile Association (San Antonio).

"Systems and methods for administrating a certificate of deposit" was invented by Steven Dale Zettner (San Antonio), Destiny Williams (San Antonio) and Alphonse Damas (Columbus, Ohio).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for administrating a certificate of deposit (CD) includes receiving an option agreement entered into by a user with a financial institution. The option agreement defines one or more predetermined events enabling disposition of funds of a CD prior to the CD's maturity date. The option agreement has a fee associated therewit...