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US 2014/0180919 A1Published application
Push Payment System and Method
OwnerNicholas Anthony Lindsay Browninventor
Life of this patent
Estimating the term…
Abstract
Using an advanced messaging system, customers can purchase goods or services from a vendor without either the vendor or the advanced messaging system itself having access to sensitive financial information of the customer. The customer communicates directly with their financial institution to authorize a payment to a vendor from one of their accounts, resulting in funds being pushed from the customer account at the request of the customer. There is therefore no need for customer account information to leave the customer's financial institution. An alternative use of an advanced messaging system is for the transfer of funds between accounts.
Claims10
A network configured to permit at least one transaction and to include at least one transfer of funds between at least one customer and at least one vendor, the network comprising:
- at least one computerized advanced messaging system;
- at least one financial institution systems, the financial institution system linked to the advanced messaging system directly or linked to the advanced messaging system through at least one other system, a financial institution being an entity that manages customer accounts containing some form of currency that can be transferred;
- at least one vendor system, the vendor system linked to the advanced messaging system directly or linked to the advanced messaging system through at least one other system;
- at least one customer having access to the system and having at least one account with at least one customer financial institution, the customer financial institution configured such that the customer can communicate with the customer financial institution system using at least one customer electronic communication device;
- wherein within the vendor system, the customer order can be created at the request of the customer, and wherein select customer order information is transmitted to the advanced messaging system;
- wherein the customer can select a customer financial institution, the selecting being made by the customer to the advanced messaging system or by the customer to a customer financial institution;
- wherein the customer can request the transmission of customer order information from the advanced messaging system to the customer financial institution, and wherein the advanced messaging system transmits customer order information to the customer financial institution;
- wherein at the customer financial institution, the customer can use the customer electronic communication device to view the customer order information and authorize a payment transaction consisting of a payment from a select customer account at the customer financial institution to the vendor associated with the customer order;
- wherein within the network, a transfer of funds can take place from the selected customer account at the customer financial institution to a vendor account at a vendor financial institution;
- and,
- wherein the network is configured to permit additional transactions associated with the customer, the vendor, the customer order, the vendor financial institution and a customer financial institution;
8 more elements
A network configured to permit at least one transaction and to include at least one transfer of funds between at least one sender and at least one receiver, the network comprising:
- at least one computerized advanced messaging system;
- at least one financial institution systems, the financial institution system linked to the advanced messaging system directly or linked to the advanced messaging system through at least one other system, a financial institution being an entity that manages customer accounts containing some form of currency that can be transferred;
- at least one receiver having at least one account with at least one receiver financial institution;
- at least one sender having access to the system and having at least one account with at least one sender financial institution, the sender financial institution configured such that the sender can communicate with the sender financial institution system using at least one customer electronic communication device;
- wherein the receiver requests of the receiver financial institution the ability to receive funds into a select receiver account, wherein the receiver financial institution transmits select receiver information to the advanced messaging system;
- wherein within the advanced messaging system, a destination account identifier is maintained associated with the receiver and with the select receiver account at the receiver financial institution;
- wherein the sender can select a sender financial institution, the selecting being made by the sender to the advanced messaging system or by the sender to a sender financial institution;
- wherein the sender can request the transmission of receiver information from the advanced messaging system to the sender financial institution, and wherein the advanced messaging system transmits receiver information to the financial institution;
- wherein at the sender financial institution, the sender can use a customer electronic communication device to view receiver information and authorize a payment transaction consisting of a transfer of funds from a select sender account at the sender financial institution to the receiver;
- wherein within the network, a transfer of funds can take place from the select sender account at the sender financial institution to the select receiver account at the receiver financial institution;
- and,
- wherein the network is configured to permit additional transactions associated with the sender, the receiver, the sender financial institution and the receiver financial institution;
9 more elements
Dependencies are inferred from the claim text.