US 2010/0138312 A1 · NETWORK ACCESSIBLE FUNDS TRANSFER SYSTEM

Abstract

A funds transfer system is disclosed that is responsive to a receipt of a payment request by performing a risk management assessment of an associated payer and payee. If the risk management assessment produces an adverse indication, the payment request is declined. Otherwise, the payment request may be processed by causing funds to be transferred between the payer and payee. The risk management assessment may be performed on the basis of credit and/or authentication information derived from customer information received with or prior to the payment request. Such customer information may, for example, include credit card account information and/or bank account information.

Claims21

Dependent claims

1-44. (canceled)

A process for performing a funds transfer transaction between a payer and a payee, the process comprising:

by a computer system that hosts a network-accessible funds transfer service:
receiving credit card information from the payer, said credit card information submitted by the payer to the computer system using a web-based user interface of the funds transfer service, said credit card information specifying a credit card account;
receiving a request from the payer to use the credit card account to make a payment to the payee, said request submitted via the web-based user interface of the funds transfer service;
sending, to a third party fulfillment service associated with the credit card account, a request for funds for making said payment to the payee, said request for funds including said credit card information submitted by the payer;
receiving an indication that the funds requested from the third party fulfillment service are available to the funds transfer service;
and
causing a monetary amount associated with said payment to be deposited, via an Automated Clearing House (ACH) transaction, into an account of the payee, said account specified by the payee via said web-based user interface of the funds transfer service.

4 more elements

Dependencies are inferred from the claim text.

Facts

Application

12/648,063Filed 28 Dec 2009

Priority

14 May 1999

Published

3 Jun 2010

Term ends

Not estimatedThe source records don’t support an estimate.

Classification9 codes

G06Q 40/02
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: banking, e.g. interest calculation or account maintenance
G06Q 20/10
Payment architectures: specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
G06Q 20/102
Specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems: bill distribution or payments
G06Q 20/40
Payment protocols; Details thereof: authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and…

Network accessible funds transfer system

Life of this patent

Network accessible funds transfer system

Life of this patent

Abstract

Claims21