Systems and Methods for Transmitting Electronic Currency
AssigneeCross River Bank
InventorsJesse Honigberg, Michael Raff, Uriel Natan Meir Ash
Life of this patent
Estimating the term…
Abstract
Embodiments of the present invention provide for systems and methods for transmitting electronic currency. The systems and methods provide for one or more processors for transmitting electronic currency from a first end device associated with a first electronic payment network to a second end device associated with a second electronic payment network, wherein the second payment network is different from the first payment network.
Claims19
A computer-implemented system for transmitting electronic currency, the system comprising:
- one or more processors, wherein the one or more processors are configured to:
- receive an inbound message from a first end device associated with a first payment network, wherein the inbound message includes at least one of a source account, a destination account, and a desired amount of electronic currency to transmit;
- upon determining that the destination account is associated with a second payment network, create an alias account for the source account based on the second payment network, wherein the second payment network is different from the first payment network;
- apply one or more transformations to the inbound message to create an intermediate payment message, wherein the inbound message includes the alias account;
- generate one or more payment instructions for the intermediate payment message;
- and
- execute the one or more payment instructions with the second payment network.
A computer-implemented method for transmitting electronic currency, the method comprising:
- receiving, with one or more processors, an inbound message from a first end device associated with a first payment network, wherein the inbound message includes at least one of a source account, a destination account, and a desired amount of electronic currency to transmit;
- upon determining that the destination account is associated with a second payment network, creating, with the one or more processors, an alias account for the source account based on the second payment network, wherein the second payment network is different from the first payment network;
- applying, with the one or more processors, one or more transformations to the inbound message to create an intermediate payment message, wherein the inbound message includes the alias account;
- generating, with the one or more processors, one or more payment instructions for the intermediate payment message;
- and
- executing, with the one or more processors, the one or more payment instructions with the second payment network.
Dependencies are inferred from the claim text.