07873573 is referenced by 62 patents and cites 111 patents.

A virtual pooled account is used in operating a system having multiple financial partners. In a specific implementation, the system is a mobile banking system. Instead of maintaining separate general ledgers for each financial institution, the system will keep one general virtual pooled account. This will reduce the settlement and operational costs of the system. The owner of the virtual pooled account will receive the float on the virtual pooled account, and this float will be distributed to the multiple financial partners according to a formula.

Title
Virtual pooled account for mobile banking
Application Number
11/694896
Publication Number
7873573 (B2)
Application Date
March 30, 2007
Publication Date
January 18, 2011
Inventor
Carol Realini
Woodside
CA, US
Agent
James E Eakin
Assignee
Obopay
CA, US
IPC
G06Q 40/00
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