{"schema_version":"1.0","canonical_url":"https://patentable.app/patents/US-8498937","patent":{"patent_number":"US-8498937","title":"Managing financial accounts associated with residents of controlled-environment facilities","assignee":null,"inventors":[],"filing_date":"2011-11-11T00:00:00.000Z","publication_date":"2013-07-30T00:00:00.000Z","cpc_codes":["G06Q","G06Q","G06Q","G06Q"],"num_claims":20,"abstract":"Systems and methods for managing financial accounts associated with residents of controlled-environment facilities are disclosed. In some embodiments, a method may include receiving information corresponding to a pooled account (e.g., a trust account, etc.) held by a financial institution (e.g., a bank), at least in part, for the benefit of residents (e.g., work-release inmates, etc.) of a controlled-environment facility (e.g., a jail, prison, etc.). The method may also include allocating funds within the pooled account to corresponding residents. The method may further include designating a first portion of the funds allocated to a given resident as inaccessible to the resident and designating a second portion of funds allocated to the given resident as accessible to the resident. A magnetic card, near-field communications (NFC) device, or the like may be associated with the accessible portion of a resident's funds and used to complete transactions inside and/or outside of the controlled-environment facility."},"analysis":{"summary":null,"layman_explanation":null,"technical_analysis":null,"business_analysis":null,"faqs":null,"topics":[],"tech_cluster":null},"seo":{"title":"Managing financial accounts associated with residents of controlled-environment facilities","description":"Systems and methods for managing financial accounts associated with residents of controlled-environment facilities are disclosed. In some embodiments, a method may include receiving information corres","keywords":[]},"attribution":{"source":"Patentable","source_url":"https://patentable.app","canonical_url":"https://patentable.app/patents/US-8498937","license":"CC-BY-4.0-like","license_terms":"AI-generated analysis on this page (summary, layman_explanation, technical_analysis, business_analysis, faqs) may be reused with attribution and a visible link back to the canonical URL above. Patent abstracts, claims, and bibliographic data are USPTO public domain.","required_link":"https://patentable.app/patents/US-8498937","citation_suggestion":"Patentable. \"Managing financial accounts associated with residents of controlled-environment facilities\" (US-8498937). https://patentable.app/patents/US-8498937","copyright_holder":"Nomic Interactive Technology LLC"},"links":{"html":"https://patentable.app/patents/US-8498937","json":"https://patentable.app/api/llm-context/US-8498937","site":"https://patentable.app","llms_txt":"https://patentable.app/llms.txt"},"generated_at":"2026-05-30T14:10:09.920Z"}