US 12,469,081 B1
Systems and methods for administrating a certificate of deposit
Steven Dale Zettner, San Antonio, TX (US); Destiny Williams, San Antonio, TX (US); and Alphonse Damas, Columbus, OH (US)
Assigned to United Services Automobile Association, San Antonio, TX (US)
Filed by United Services Automobile Association, San Antonio, TX (US)
Filed on Apr. 17, 2024, as Appl. No. 18/638,380.
Application 18/638,380 is a continuation of application No. 16/939,618, filed on Jul. 27, 2020, granted, now 11,995,723.
Application 16/939,618 is a continuation of application No. 14/267,423, filed on May 1, 2014, granted, now 10,762,567, issued on Sep. 1, 2020.
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 40/06 (2012.01)
CPC G06Q 40/06 (2013.01) 18 Claims
OG exemplary drawing
 
1. A computer-implemented method for administrating a certificate of deposit associated with a financial institution for a user, the method comprising the steps of:
receiving, in a first software module by a processor, user entered data from a user's smart phone, wherein the first software module is configured to identify one or more predetermined qualifying events for disposing funds of a certificate of deposit prior to a maturity date of the certificate of deposit, wherein the one or more predetermined qualifying events comprise one or more qualifying life events;
receiving, in a second software module by the processor, encrypted data of the user entered data from the first software module;
analyzing and decrypting, in the second software module by the processor without user intervention, the received encrypted data, to determine the user's eligibility for disposition of funds of the certificate of deposit prior to the maturity date, without penalty fees, based on an occurrence of the one or more predetermined qualifying events;
verifying, using the processor, the occurrence of the one or more predetermined qualifying events by:
generating a questionnaire personalized to the user using at least one third party data source;
presenting the questionnaire to the user, via a smart phone interface provided on the user's smartphone device;
receiving, by the processor, a response to the questionnaire sent from the user's smart phone and verifying, without user intervention, the occurrence of the one or more predetermined qualifying events as identified by the user by using an event software verifier module coupled to the processor and at least one electronic data source by comparing a response to the generated questionnaire with data from the at least one electronic data source;
providing, in the user's smart phone interface, from the processor, a recommendation to the user to dispose the funds of the certificate of deposit prior to the maturity date without penalty fees responsive to verifying the occurrence of the one or more predetermined qualifying events;
receiving, by the processor, a reply from the user in response to the recommendation and instructing a disposition of funds from the certificate of deposit; and
coordinating, by the processor, a disposition of the funds of the certificate of deposit prior to the maturity date in response to the reply from the user.