# US 8,751,392 B1 · Method for transferring funds

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- Number: US 8,751,392 B1
- Document ID: US8751392B1
- Status: Granted
- Kind: B1
- Application number: 14/193,068
- Filed: 2014-02-28
- Published: 2014-06-26
- Granted: 2014-06-10
- Earliest claimed: 2008-03-13
- Assignees: GiftYa LLC
- Applicants: GiftYa LLC
- Inventors: Patrick Ledbetter; Adam Ludwig
- Web page: https://patentgrep.com/patent/US8751392B1

## CPC

- G06Q 20/10: specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
- G06Q 20/105: {involving programming of a portable memory device, e.g. IC cards, "electronic purses"}
- G06Q 20/24: Credit schemes, i.e. "pay after"
- G06Q 40/02: Banking, e.g. interest calculation or account maintenance (credit or loans G06Q40/03)
- G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR

## Abstract

A method to transfer money to a payee's payment card account, without requiring an additional payment card or without acquiring a payee's payment card information is disclosed. A payee registers a payment card with a service provider. The payment card is associated with a payment card account. A payor transfers an initial amount of money to the service provider to be given to the payee, when payee uses the registered payment card for a specified spending category. The service provider stores the money until the payee uses the registered payment card to make a qualified purchase.

## Claims

### Claim 1

A method comprising:
receiving a registration of a payee account at a service provider, the payee account being associated with a payee;
receiving, from a payor comprising an individual, an identification of the payee and a spending category, the payee account being registered with the service provider prior to the receiving;
transmitting, via a processor of a computing device, a notice to the payee, wherein the notice is linked to the payee account to yield a profile associated with the spending category and the payee account;
monitoring, via a processor of a computing device and according to the profile, purchasing transactions made using the payee account for a qualified purchase; and
based on the qualified purchase, transferring, via a processor of a computing device, an amount of money to pay for at least part of the qualified purchase.

### Claim 2 (depends on 1)

The method of claim 1, wherein the payee account is one of a debit account, a financial account, and a credit account.

### Claim 3 (depends on 1)

The method of claim 1, further comprising:
receiving an initial amount of money from a payor account into a service provider account, wherein the amount of money is drawn from the initial amount of money.

### Claim 4 (depends on 1)

The method of claim 1, wherein multiple payors contribute to the amount of money.

### Claim 5 (depends on 1)

The method of claim 1, wherein the amount of money is transferred to the payee account and is determined by comparing an initial amount of money received from the payor to a purchase amount associated with the qualified purchase.

### Claim 6 (depends on 5)

The method of claim 5, wherein if the purchase amount is less than the initial amount of money, then the amount of money transferred to the payee account is a full amount of the qualified purchase, and wherein if the purchase amount is more than the initial amount of money, then the amount of money transferred is the initial amount of money.

### Claim 7 (depends on 1)

The method of claim 1, further comprising:
charging the payee account for the qualified purchase; and
reimbursing the payee account when the qualified purchase appears on a transaction history of the payee account.

### Claim 8 (depends on 1)

The method of claim 1, further comprising:
charging a percentage of an initial amount of money provided by the payor as a service fee for using the service provider.

### Claim 9 (depends on 8)

The method of claim 8, wherein one of the payor, the payee and a third party is charged the percentage of the initial amount of money.

### Claim 10 (depends on 1)

The method of claim 1, wherein the spending category comprises one of an individual point of sale, a chain of stores, and a plurality of businesses in a same industry.

### Claim 11 (depends on 1)

The method of claim 1, wherein a third party pays at least a portion of an initial amount of money which funds the amount of money transferred.

### Claim 12

A system comprising:
a processor of a computer device; and
a non-transitory computer-readable storage medium storing instructions which, when executed by the processor of the computing device, cause the processor to perform operations comprising:
receiving a registration of a payee account at a service provider, the payee account being associated with a payee;
receiving, from a payor comprising an individual, an identification of the payee and a spending category, the payee account being registered with the service provider prior to the receiving;
transmitting a notice to the payee, wherein the notice is linked to the payee account to yield a profile associated with the spending category and the payee account;
monitoring, according to the profile, purchasing transactions made using the payee account for a qualified purchase; and
based on the qualified purchase, transferring an amount of money to pay for at least part of the qualified purchase.

### Claim 13 (depends on 12)

The system of claim 12, wherein the payee account is one of a debit account, a financial account, and a credit account.

### Claim 14 (depends on 12)

The system of claim 12, wherein the non-transitory computer-readable storage medium stores additional instructions which, when executed by the processor of the computing device, cause the processor of the computing device to perform a further operation comprising:
receiving an initial amount of money from a payor account into a service provider account, wherein the amount of money is drawn from the initial amount of money.

### Claim 15 (depends on 12)

The system of claim 12, wherein multiple payors contribute to the amount of money.

### Claim 16 (depends on 12)

The system of claim 12, wherein the amount of money is transferred to the payee account and is determined by comparing an initial amount of money received from the payor to a purchase amount associated with the qualified purchase.

### Claim 17 (depends on 16)

The system of claim 16, wherein if the purchase amount is less than the initial amount of money, then the amount of money transferred to the payee account is a full amount of the qualified purchase, and wherein if the purchase amount is more than the initial amount of money, then the amount of money transferred is the initial amount of money.

### Claim 18 (depends on 12)

The system of claim 12, wherein the non-transitory computer-readable storage medium stores additional instructions which, when executed by the processor of the computing device, cause the processor of the computing device to perform a further operation comprising:
charging the payee account for the qualified purchase and reimbursing the payee account when the qualified purchase appears on a transaction history of the payee account.

### Claim 19 (depends on 12)

The system of claim 12, wherein the non-transitory computer-readable storage medium stores additional instructions which, when executed by the processor of a computing device, cause the processor of the computing device to perform a further operation comprising:
charging a percentage of an initial amount of money provided by the payor as a service fee for using the service provider.

### Claim 20

A non-transitory computer-readable storage device storing instructions which, when executed by a processor of a computing device, cause the processor of the computing device to perform operations comprising:
receiving a registration of a payee account at a service provider, the payee account being associated with a payee;
receiving, from a payor comprising an individual, an identification of the payee and a spending category, the payee account being registered with the service provider prior to the receiving;
transmitting a notice to the payee, wherein the notice is linked to the payee account to yield a profile associated with the spending category and the payee account;
monitoring, according to the profile, purchasing transactions made using the payee account for a qualified purchase; and
based on the qualified purchase, transferring an amount of money to pay for at least part of the qualified purchase.