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Remote payment method and system

  • US 20020152179A1
  • Filed: 10/25/2001
  • Published: 10/17/2002
  • Est. Priority Date: 10/27/2000
  • Status: Abandoned Application
First Claim
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1. A computer-based remote payment transaction system comprising:

  • a server operated by a service provider, said server including a data memory for storing two or more server accounts, said server accounts including a first party server account and a second party server account, said server configured to;

    (a) establish the first party server account using an account registration subsystem;

    (b) authenticate an authorized user of the first party server account using an authentication subsystem;

    (c) receive an electronic payment instruction via a mobile communications device from the authorized user, said payment instruction requesting that a purchase value be transferred from the first party server account to the second party server account;

    (d) notify the authorized user via the mobile communications device that the payment instruction was received;

    (e) transfer the requested payment value from the first party server account to the second party server account;

    (f) receive an electronic transfer instruction via the mobile communications device from the authorized user, said transfer instruction ordering that a requested value be transferred from an account associated with the first party at a first financial institution to the first party server account;

    (g) add the requested value to the first party server account;

    (h) instruct the financial institution to transfer funds corresponding to the requested value from the first party financial institution account to an account associated with the service provider at a second financial institution;

    (i) update the data memory; and

    (j) provide a reward for using the server via a customer loyalty subsystem.

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