Back to results
US 2014/0229370 A1Published application
Release of funds based on criteria
AssigneeeBay Inc.
InventorsKevin John Yu, Joseph Chong, Alan Tien
Life of this patent
Estimating the term…
Abstract
A method and system to transfer payment to a seller of a network-based commerce transaction are described herein. The method includes performing a risk evaluation based on retrieved seller-specific data, and releasing funds from a holding account to the seller based on the risk evaluation.
Claims20
A system comprising:
- one or more hardware processors;
- and
- one or more funds release modules configured to:
- retrieve data specific to a seller,
- perform a risk evaluation based on the retrieved data specific to the seller,
- determine, using at least one of the one or more hardware processors, timing for release of at least a portion of the funds from a holding account based on the risk evaluation, and
- release at least the portion of the funds from the holding account to the seller based on the determined timing.
4 more elements
A method comprising:
- retrieving data specific to the seller;
- performing a risk evaluation based on the retrieved data;
- determining, by one or more hardware processors, timing for release of at least a portion of the funds from a holding account based on the risk evaluation;
- and
- releasing at least the portion of funds from the holding account to the seller based on the determined timing.
2 more elements
A machine-readable medium having no transitory signals and storing instructions that, when executed by one or more processors of a machine, causes the machine to perform operations comprising:
- retrieving data specific to the seller;
- performing a risk evaluation based on the retrieved data;
- determining timing for release of at least a portion of the funds from a holding account based on the risk evaluation;
- and
- releasing at least the portion of funds from the holding account to the seller based on the determined timing.
2 more elements
Dependencies are inferred from the claim text.