Patented Business Method to Reduce Interest on Home Loans and Credit Cards

Commissions have been a hot topic in the financial service industry. With recent Government inquiries and submissions noting the impact of commissions and the arguments for and against, the service will assist with the issue of transparency.
By: My Money Technology Solutions
 
March 14, 2010 - PRLog -- My Money Technology Solutions today announced the availability of a patent in Australia that utilizes commissions on financial service products to assist with the payment of interest on credit cards and home loans. The team is made up of industry personnel from the wholesale, retail and marketing sectors, and professional programmers, all of whom have extensive experience in financial services around the globe.

Commissions have been a hot topic in the financial service industry. With recent Government inquiries and submissions noting the impact of commissions and the arguments for and against, the service will assist with the issue of transparency. Commissions are being paid in many countries on financial products and in many cases for the life of the product, this can now be reallocated to a home loan or credit card product that effectively reduces the interest payable.

We are providing a licensed structure to enable interested parties to consider the benefits of transparency and utilization of commissions in a constructive way for consumers and to reduce the barriers that are sometimes restrictive. We are a small organization and want to encourage innovation and collaboration in the financial services industry and the use and transparency of commissions maybe a way to start. New ideas, new technologies and new products that give choice to the consumer may develop says Graham Chee, Managing Director of My Money Technology Solutions.

In simple terms, the business method enables the conversion of the commissions paid to rewards credits that can then be used to pay the interest on your home loan or credit card. Consumers that are paying commissions can simply ask the adviser how much they are paying and ask for a full detailed transaction list.

The business method developed by My Money Technology Solutions simply enables:

1. Full disclosure and transparency of all commissions that are paid by product providers.
2. You are not required to sell or terminate your existing financial products or change financial advisers. Our product does not impact or affect the clients ownership of the products.
3. The reward credits are allocated to your online account the month following the receipt of payment from the product providers and to be allocated to a credit card or home loan facility.

Our business method is a simple solution to a hotly debated issue in the industry and will enable transparency of commissions for the adviser, security dealer, consumer and enable a benefit in the form of a reduced interest amount.


For further information on My Money Technology Solutions contact:

Graham Chee
My Money Technology Solutions


About My Money Technology Solutions
My Money Technology Solutions is an emerging consulting and online development company. The company owns, develops and operates a range of web portfolios including guidestoaustralia.com, guidestohongkong.com, guidestojapan.com, guidestonewzealand.com, chineseteabenefits.com, guidestocameras.com, bigfishbluewater.com, mydate.com.au, guidestoproperty.com, guidestohotels.com and refundcommission.com. It has complimented this with the development of intellectual property and business strategy to enhance opportunities including trademarks investorview, investmentview, itaste, mymoney, iwealth, imoney, iview, mygoals, lickit, pasteles bakehouse, money247, selfdrive, mysuperoptions, wheresbob
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Source:My Money Technology Solutions
Email:***@mymoney.net.au Email Verified
Tags:Commissions, Refunds, Commission Rebates, Interest, Credit Cards, Commission Refunds
Industry:Financial, Business, Banking
Location:Sydney - New South Wales - Australia
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