Reducing information requirements in digital electronic transfers

A method for transferring between accounts in the absence of sensitive information needed to perform a direct transfer between accounts, comprising:

• receiving, at an intermediary system, a request to perform a digital electronic transfer of an item from a first online account to a second online account through the intermediary system;
• wherein the intermediary system does not have access to the sensitive information for either the first online account or the second online account;
• without requesting the sensitive information for either the first online account or the second online account, the intermediary system responding to the request by:
• performing a first digital electronic transfer of the item from the first online account to a system account;
• storing data assigning the item to an intermediary account for which the intermediary system has the sensitive information;
• and
• performing a second digital electronic transfer of the item from the system account to the second online account;
• receiving, with the request to perform a digital electronic transfer from the first online account to the second online account, a request to perform a digital electronic transfer from the second online account to the first online account;
• performing a third digital electronic transfer from the second online account to the system account;
• prior to completion of the first digital electronic transfer, determining that the system account is capable of performing the second digital electronic transfer and, in response, performing the second digital electronic transfer;
• prior to completion of the third digital electronic transfer, determining that the system is capable of performing a fourth digital electronic transfer from the system account to the first online account and, in response, performing the fourth digital electronic transfer.

A system comprising:

• one or more processors;
• a memory storing instructions which, when executed by the one or more processors, causes performance of:
• receiving, at an intermediary system, a request to perform a digital electronic transfer of an item from a first online account to a second online account through the intermediary system;
• wherein the intermediary system does not have access to the sensitive information for either the first online account or the second online account;
• without requesting the sensitive information for either the first online account or the second online account, the intermediary system responding to the request by:
• performing a first digital electronic transfer of the item from the first online account to a system account;
• storing data assigning the item to an intermediary account for which the intermediary system has the sensitive information;
• and
• performing a second digital electronic transfer of the item from the system account to the second online account;
• receiving, with the request to perform a digital electronic transfer from the first online account to the second online account, a request to perform a digital electronic transfer from the second online account to the first online account;
• performing a third digital electronic transfer from the second online account to the system account;
• prior to completion of the first digital electronic transfer and prior to completion of the third digital electronic transfer, requesting faster transfers from a transfer provider entity;
• performing a first faster transfer from the transfer provider entity to the system account;
• in response to completion of the first faster transfer, performing the second digital electronic transfer from the system account to the second online account;
• performing a second faster transfer from the transfer provider entity to the system account;
• in response to completion of the second faster transfer, performing a fourth digital electronic transfer from the system account to the first online account;
• in response to completion of the first digital electronic transfer, performing a second faster transfer from the system account to the transfer provider entity;
• in response to completion of the third digital electronic transfer, performing a fourth faster transfer from the system account to the transfer provider entity.

A system comprising:

• one or more processors;
• a memory storing instructions which, when executed by the one or more processors, causes performance of:
• receiving, at an intermediary system, a request to perform a digital electronic transfer of an item from a first online account to a second online account through the intermediary system;
• wherein the intermediary system does not have access to the sensitive information for either the first online account or the second online account;
• without requesting the sensitive information for either the first online account or the second online account, the intermediary system responding to the request by:
• performing a first digital electronic transfer of the item from the first online account to a system account;
• storing data assigning the item to an intermediary account for which the intermediary system has the sensitive information;
• and
• performing a second digital electronic transfer of the item from the system account to the second online account;
• receiving, with the request to perform a digital electronic transfer from the first online account to the second online account, a request to perform a digital electronic transfer from the second online account to the first online account;
• performing a third digital electronic transfer from the second online account to the system account;
• prior to completion of the first digital electronic transfer, determining that the system account is capable of performing the second digital electronic transfer and, in response, performing the second digital electronic transfer;
• prior to completion of the third digital electronic transfer, determining that the system is capable of performing a fourth digital electronic transfer from the system account to the first online account and, in response, performing the fourth digital electronic transfer.