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US 8,275,706 B2Granted
Method and system for processing transfer requests
AssigneeeBay Inc.
InventorsJason Alexander Korosec, Osama Mostafa Bedier, Damon Charles Hougland
Life of this patent
Estimating the term…
Abstract
Methods and system for processing transfer requests are described. In one embodiment, a value transfer request may be received from a value provider through a network. The value transfer request may include a value amount to be provided from a source user to a target user. A settlement account of the value provider may be reduced by the value amount. A target account of the target user may be increased by the value amount.
Claims24
A method comprising:
- receiving, by a processor of a payment provider, a value transfer request from a value provider different than the payment provider through a network, the value transfer request including a value amount to be provided from a source user to a target user, wherein the target user does not have an account with the value provider and the source user does not have an account with the payment provider;
- reducing, by the processor, a settlement account of the value provider by a first value amount corresponding to the value amount, wherein the settlement account is associated with the payment provider;
- and
- increasing, by the processor, a target account of the target user by a second value amount corresponding to the value amount, wherein only the value provider and the target user are required to have an account with the payment provider.
1 more element
A method comprising:
- receiving a transaction request to transfer a value amount from a source user to a target user, wherein the target user does not have an account with a value provider and the source user does not have an account with a payment provider different from the value provider;
- requesting, by the value provider, the payment provider to transfer the value amount from a settlement account to the target user;
- decreasing, by a processor of the value provider, a source account of the source user by a first value amount corresponding to the value amount;
- and
- funding, by the processor of the value provider, the settlement account by a second value amount corresponding to the value amount, wherein only the value provider and the target user are required to have an account with the payment provider.
2 more elements
A system, comprising:
- a computer storage storing account information for a plurality of users having an account with a payment provider, wherein the account information comprises a user account identifier;
- and
- a processor operable to:
- receive a value transfer request from a value provider different than the payment provider through a network, the value transfer request including a value amount to be provided from a source user to a target user, wherein the target user does not have an account with the value provider and the source user does not have an account with the payment provider;
- create an account for the target user if the target user does not have an account with the payment provider based on the stored account information;
- reduce a settlement account of the value provider by a first value amount corresponding to the value amount, wherein the settlement account is associated with the payment provider;
- and
- increase a target account of the target user by a second value amount corresponding to the value amount, wherein only the value provider and the target user are required to have an account with the payment provider.
5 more elements
Dependencies are inferred from the claim text.