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...in the past year, Cambrian has become a leader in software crowdsourcing, bravely inviting one and all to contribute their ideas and brainpower to developing mass-market Web applications.
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Cambrian House began as a crowdsourcing community using a wisdom of crowds based approach to discover new business and technology ideas. These pages are being kept online as a technology demo to showcase Chaordix™.

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RoundDown4Charity

_Matt_
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  • Submitted by: _Matt_
  • Created: Mar 9, 2007, 8:58 am
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Not freeish. Not freesque. It's free!

The Elevator Pitch

For all the companies who could be donating the pocket change from transactions. This is a uniquely easy fund that requires little effort to help a lot!. Unlike other charities our product r0x0r5!.

The Idea

Converting to different currencies or computing some other banking transactions mostly results in rounding inacurracies. In most cases this is rounded up to the nearest 2 decimal places, so the company takes the most money from the transaction.

My plan is to start a "rounddown4charity" fund whereby companies who perform these conversions round down instead of up, and the remainder of the rounded amounts get transferred into the fund.

For example, say I was transferring ?200 to Canadian dollar amounts. If I did a straight conversion, I would get 200 British pounds = 454.36908 Canadian dollars. So I take the 454.36 and donate the 0.00908 dollars to the fund.

Over time, the fund accumulates the small amounts into bigger ones, and can act like a normal charity. Of course donations can be made to the fund, and there could be some other handle for attracting revenue, but this could be a very low cost way of raising money. Convincing companies to do this would probably be the hardest bit

I thought of this idea when I was...

Writing code to convert money at work... all the wasted pennies...


Comments Posted

thecougar
thecougar Posted: March 30, 2007, 10:51 pm

You could borrow the code from Michael Bolton. (Office Space joke - couldn't resist, dig the idea)

 

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