Online debit cardless debit transaction system and method
OwnerGuy Fietzinventor
Life of this patent
Estimating the term…
Abstract
Discloses a payment transfer system used to transfer funds from a payer to a payee using an online payment processor gateway. The payment processor gateway is accessible by a payer over the internet from a merchant web site or by telephone contact using mobile SMS messaging or mobile, POTS or VoIP interactive voice response. The payer is authenticated to use the system by a challenge response process. The challenge response process may include a user identifier such as a card number and related password or PIN or the challenge response may include a scanned biometric parameter such as a fingerprint or retinal scan.
Claims39
A payment transfer system for transferring funds from a payer to a payee, from an online payment processor gateway accessible from a merchant web site by the payer comprising:
- i) means for identifying a payer and designating a payer financial institution;
- ii) means for specifying a source of funds and payment amount for a transfer of funds from the payer financial institution;
- iii) means to transfer said payment amount from said source of funds to a gateway suspense account;
- iv) means for identifying a payee corresponding to the merchant web site;
- v) means for payee settlement of the payment amount from the gateway suspense account;
- and
- vi) means to reconcile the gateway suspense account.
A payment transfer method for transferring funds from a payer to a payee, comprising the steps of:
- i) providing a payment processor gateway accessible from a merchant web site;
- ii) receiving an identification of a payer and a designation of a payer financial institution at the payment processor gateway;
- iii) receiving a specification of a source of funds and payment amount for a transfer of funds from the payer financial institution;
- iv) producing a settlement commitment;
- v) transferring said payment amount from said source of funds to a gateway suspense account;
- vi) identifying a payee corresponding to the merchant web site;
- vii) providing payee settlement of the payment amount to the identified payee from the gateway suspense account corresponding to said settlement commitment;
- and
- viii) reconciling the gateway suspense account.
A system for generating a payment request for a recipient, comprising:
- i) means for accessing a first online banking service;
- ii) means for providing payment request data to the first online banking service including a payment amount and an account for receiving a payment described by the payment request data;
- iii) means for notifying the recipient of the payment request;
- iv) means for specifying an account affiliated with the recipient to receive the payment amount of the payment request;
- v) means for approving receipt of the payment amount of the payment request on the specified account affiliated with the recipient;
- and
- vi) means for effecting a transfer of funds in the amount of the payment amount of the payment request from the first online banking service to the account affiliated with the recipient for receiving the payment.
A payment transfer system for transferring funds from a payer to a payee where the payer transfers the funds in a first currency and the payee receives the funds in a second currency comprising:
- i) an online payment processor gateway accessible by the payer from a merchant web site including means for identifying the payer and designating a payer source of funds and means for specifying a payment amount in the first currency for a transfer of funds in the first currency from said payer source of funds;
- ii) means for receiving said payment amount in the first currency from said payer account and retaining said funds in the first currency in a payment processor suspense account;
- iii) means for converting the payment amount in the first currency to a payment amount in said second currency;
- iv) means for identifying the payee and specifying a payee account to receive the funds of the payment amount of the second currency;
- v) means for debiting the funds in the second currency from the suspense account and crediting the funds in the second currency to the payee account;
- and
- vi) means for reconciling the payment processor suspense account.
A payment transfer method for transferring funds from a payer to a payee, where the payer transfers the funds in a first currency and the payee receives the funds in a second currency, comprising the steps of:
- i) accessing a banking service affiliated with the payer;
- ii) designating a payee;
- iii) specifying a payment amount in the first currency for a transfer of funds and a payer account from which to draw funds in the first currency;
- iv) debiting said funds in the first currency from said payer account and crediting said funds in the first currency into a suspense account;
- v) converting the payment amount in the first currency to a payment amount in the second currency;
- vi) accessing a second online banking service affiliated with the payee and identifying the payee and a payee account to receive the funds of the payment amount of the second currency;
- and
- vii) debiting the funds in the second currency from the suspense account and crediting the funds in the second currency to the payee account.
Dependencies are inferred from the claim text.