An extended coverage monetary regulation system for automatically distributing customer deposits to multiple financial institutions so as to obtain F.D.I.C. or F.S.L.I.C. coverage for the full amount of the deposits regardless of the amount. The system of the present invention enables depositors to deal with a single financial institution regardless of the amount of funds deposited and still obtain federal insurance for their funds. Further, the invention provides immediate access to these funds...

A portable data terminal unit includes a data RAM for storing transaction data, and an acoustic coupler for transmitting the data stored in the data RAM to a computer installed in a business office. The portable data terminal unit has a battery for power supply purposes. The acoustic coupler is connected to the battery at a desired time for data transmission purposes. The data RAM is continuously connected to the battery for maintaining the transaction data stored in the data RAM. The present po...

An automated system for raising or collecting funds including a solicitation process whereby potential contributors/customers enter into an automatic funds transfer program with the fund raiser/collector. Contributor/customer lists are created with a merge/purge program that identifies duplicate records even though key elements of the records (e.g. name/address or zip code) differ.

Electronic data processing system for preparation of electronically filed tax returns and authorization and payment of refunds based on the data supplied in those returns. Electronic data processing programs are provided for creating an electronic tax return that is filed with a tax collecting authority. At the same time as the electronic tax return is created a loan application is processed to create an electronic deposit/loan account for the tax filer at an authorized credit institution. As ea...

Electronic data processing system for preparation of electronically filed tax returns and authorization and payment of refunds based on the data supplied in those returns. Electronic data processing programs are provided for creating an electronic tax return that is filed with a tax collecting authority. At the same time as the electronic tax return is created, a loan application is processed to create an electronic deposit/loan account for the tax filer at an authorized credit institution. As e...

A system for the automatic processing of payroll, corporate profit and excise taxes. A depositor, via a communication link, engages in a question and answer exchange with one of a multiple number of voice synthesizers connected to a processor. Through the exchange, the depositor enters tax deposit information which the processor stores in its memory. At the end a specified time period, the processor stores tax deposit information relating to tax deposits due the same day on a storage medium such...

A fee accounting mechanism for reporting fees associated with the distribution and use of digital works. Usage rights and fees are attached to digital works. The usage rights define how the digital work may be used or further distributed. Usage fees are specified as part of a usage right. The digital works and their usage rights and fees are stored in repositories. The repositories control access to the digital works. Upon determination that the exercise of a usage right requires a fee, the repo...

A centralized system of accumulating cash value for consumers based upon point-of-sale transactions with multiple merchants is disclosed wherein for each transaction, the consumer's account number (such as the Social Security number) which may be different from the consumer's credit card account number, for example, is transmitted to a central system along with data identifying the merchant and a credit value for the transaction. The credit value may be based upon predetermined incentives associ...

A procedure for tracking transactions carried out between multiple cost centers and an in-house supply facility of a business entity is carried out by setting up the supply facility to function essentially in the same manner as an independent retail merchant through the existing bank card association. Transaction information is then transferred as a batch to a merchant accounting system which transfers the information to the bank card association to the card issuer. The card issuer then provides...

An apparatus, system and process for effecting one or more of the reception, transmission, translation and storage of data files containing information relating to financial instruments among and between multiple institutions wherein a data file in a first file format is received from an originating institution, the file is translated into a second data file format selected by an institution that is to receive the information, the information is stored in memory which is uniquely accessible to t...