Method for transferring funds
AssigneeGiftYa LLC
InventorsPatrick LEDBETTER, Adam LUDWIG
Life of this patent
Estimating the term…
Abstract
A method to transfer money to a payee's payment card account, without requiring an additional payment card or without acquiring a payee's payment card information is disclosed. A payee registers a payment card with a service provider. The payment card is associated with a payment card account. A payor transfers an initial amount of money to the service provider to be given to the payee, when payee uses the registered payment card for a specified spending category. The service provider stores the money until the payee uses the registered payment card to make a qualified purchase.
Claims20
A method comprising:
- receiving a registration of a payee account at a service provider, the payee account being associated with a payee;
- receiving, from a payor comprising an individual, an identification of the payee and a spending category, the payee account being registered with the service provider prior to the receiving;
- transmitting, via a processor of a computing device, a notice to the payee, wherein the notice is linked to the payee account to yield a profile associated with the spending category and the payee account;
- monitoring, via a processor of a computing device and according to the profile, purchasing transactions made using the payee account for a qualified purchase;
- and
- based on the qualified purchase, transferring via a processor of a computing device, an amount of money to pay for at least part of the qualified purchase.
A system comprising:
- a processor of a computer device;
- and
- a non-transitory computer-readable storage medium storing instructions which, when executed by the processor of the computing device, cause the processor to perform operations comprising:
- receiving a registration of a payee account at a service provider, the payee account being associated with a payee;
- receiving, from a payor comprising an individual, an identification of the payee and a spending category, the payee account being registered with the service provider prior to the receiving;
- transmitting a notice to the payee, wherein the notice is linked to the payee account to yield a profile associated with the spending category and the payee account;
- monitoring, according to the profile, purchasing transactions made using the payee account for a qualified purchase;
- and
- based on the qualified purchase, transferring an amount of money to pay for at least part of the qualified purchase.
A non-transitory computer-readable storage device storing instructions which, when executed by a processor of a computing device, cause the processor of the computing device to perform operations comprising:
- receiving a registration of a payee account at a service provider, the payee account being associated with a payee;
- receiving, from a payor comprising an individual, an identification of the payee and a spending category, the payee account being registered with the service provider prior to the receiving;
- transmitting a notice to the payee, wherein the notice is linked to the payee account to yield a profile associated with the spending category and the payee account;
- monitoring, according to the profile, purchasing transactions made using the payee account for a qualified purchase;
- and
- based on the qualified purchase, transferring an amount of money to pay for at least part of the qualified purchase.
Dependencies are inferred from the claim text.