WHAT ABCC MEANS FOR THE CUSTOMER

• Card transactions automatically classify themselves
• Monitor card spending year-round, hassle-free

WHAT ABCC DOES FOR THE BANKS

• More fee generating reports
• Increase the number of card users

Auto-Budget Credit/Debit Card (ABCC) provides automated expenditure classification when the customer pays by credit or debit card rather than by the ABC check. The key to ABCC's simplicity is that expenditure classification is effortless at the point of sale and transparent to the merchant and customer. During all card transactions, a modified card reader automatically includes information about the expenditure type. The categories are the same ones as those in the ABC grid. Changing the card reader's expenditure category requires just one swipe of an ABCC primer card. As with the ABC system, the bank will process and integrate the classified expenditures, and offer the customer the same type of convenient data access.

•Card reader is initialized only once, with no further changes needed

•Expenses automatically classified with every credit or debit card use at point of sale.

•U.S. Patent Number 5,748,908