Alias management and off-us dda processing
OwnerThanigaivel Ashwin Raj, Jacob Saul Fuentes +2inventors
InventorsThanigaivel Ashwin Raj, Jacob Saul Fuentes, John Tullis, Vishwanath Shastry
Life of this patent
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Abstract
An alias management and off-us demand deposit account processing system is disclosed. A sending entity initiates a value transfer with a payment processing network indicating a value transfer providing issuer which will conduct the value transfer and a demand deposit account issuer which hosts the demand deposit account that funds the value transfer. The sending entity is able to conduct a value transfer via a value transfer providing issuer using funds from an account with another issuer.
Claims18
A method comprising:
- sending, by a payment processing network server computer, a debit instruction message to a first financial institution to withdrawal at least a transfer amount from a second financial institution, the withdrawal request message comprising a demand deposit account identifier associated with the second financial institution, wherein the withdrawn funds are to be subsequently transferred to a third financial institution;
- receiving, by the payment processing network computer, a withdrawal response message from the first financial institution confirming the withdrawal of at least the transfer amount from the second financial institution;
- and
- initiating, by the payment processing network server computer, the sending of the transfer amount to a recipient entity account associated with the third financial institution.
A method comprising
- receiving, by a value transfer providing issuer server computer, a debit instruction message comprising a transfer amount and a demand deposit account identifier;
- sending, by the value transfer providing issuer server computer, a debit message to a demand deposit account issuer to debit at least the transfer amount from a demand deposit account, wherein the demand deposit account issuer and the demand deposit account are identified using the demand deposit account identifier;
- receiving, by the value transfer providing issuer server computer, from the demand deposit account issuer confirmation that that at least the transfer amount was debited from the demand deposit account;
- and
- sending, by the value transfer providing issuer server computer, a confirmation message confirming that at least the transfer amount has been debited from the demand deposit account to a payment processing network server computer.
A system comprising
- a processor;
- and
- a computer-readable medium coupled to the processor, the computer readable medium comprising code executable by the processor for implementing a method comprising:
- sending a debit instruction message to a first financial institution to withdrawal at least a transfer amount from a second financial institution, wherein the withdrawal request message comprises a demand deposit account identifier associated with the second financial institution;
- receiving a withdrawal response message from the first financial institution confirming the withdrawal of at least the transfer amount from the second financial institution;
- and
- initiating the sending of the transfer amount to a recipient entity account associated with the third financial institution.
Dependencies are inferred from the claim text.