Online incremental payment method
First Claim
1. A method for transferring funds between a payor and a payee in an online transaction, the method comprising steps of:
- receiving information from the payor for debiting a bank account associated with the payor;
transmitting to the payee authorization to request debits from the payor, wherein a total of all debit requests does not exceed an amount for the online transaction;
receiving a first request from the payee to debit the payor a first portion of the amount;
initiating a first debit from the bank account for the first portion of the amount;
receiving a second request from the payee to debit the payor a second portion of the amount; and
initiating a second debit from the bank account for the second portion of the amount.
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Accused Products
Abstract
According to the invention, a process for transferring funds between a payor and a payee in an online transaction is disclosed. In one step, information is received from the payor for debiting a bank account associated with the payor. Authorization is transmitted to the payee to request debits from the payor. The total of all debit requests does not exceed an amount that is authorized. A first request is received from the payee to debit the customer a first portion of the amount. A first debit is initiated from the bank account for the first portion of the amount. A second request is received from the payee to debit the payor a second portion of the amount. A second debit is initiated from the bank account for the second portion of the amount.
212 Citations
20 Claims
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1. A method for transferring funds between a payor and a payee in an online transaction, the method comprising steps of:
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receiving information from the payor for debiting a bank account associated with the payor;
transmitting to the payee authorization to request debits from the payor, wherein a total of all debit requests does not exceed an amount for the online transaction;
receiving a first request from the payee to debit the payor a first portion of the amount;
initiating a first debit from the bank account for the first portion of the amount;
receiving a second request from the payee to debit the payor a second portion of the amount; and
initiating a second debit from the bank account for the second portion of the amount. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A method for transferring funds between a first party and a second party in an online transaction, the method comprising steps of:
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receiving information from the first party for debiting an account, whereby a total of all debit requests do not exceed an amount for the online transaction;
transmitting to the second party authorization to request debits of the account, whereby the total authorized does not exceed the amount;
receiving a plurality of request from the second party to debit the account;
checking that the total does not exceed the amount; and
initiating a plurality of debits from the account using the automated clearinghouse (ACH) network. - View Dependent Claims (10, 11, 12, 13, 14)
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15. A method for transferring funds between a customer and a merchant with a funds transfer system, the method comprising steps of:
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receiving authorization to request debits of a bank account of the customer, wherein;
a total of all debit requests does not exceed an amount, and the authorization resulted from interaction between the customer and the funds transfer system;
sending a plurality of request from the merchant to the funds transfer system to debit the bank account; and
receiving from the automated clearinghouse (ACH) network a plurality of credits corresponding to the plurality of requests. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification