Method and system for on-line payments

• US 20030105710A1
• Filed: 09/04/2002
• Published: 06/05/2003
• Est. Priority Date: 07/11/2000
• Status: Abandoned Application

• Current Assignee: Citicorp Credit Services Incorporated (Citigroup Incorporated)
• Original Assignee: Citicorp Credit Services Incorporated (Citigroup Incorporated)
• Inventors: Barbara, Ellen, Jenkins, Antony
• Application Number:
  US10/234,609
• Publication Number:
  US 20030105710A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/14 specially adapted for billing systems
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A method and system for making on-line payments makes use of computer hardware and software and utilizes, for example, a payment engine that facilitates the making of payments via the Internet. A user enrolls for the on-line payments service, designates a source account for the on-line payments, and is provided a transaction account as a money deposit account with an account number that the user can use as a source and a destination of funds and with one or more service levels. The user can make, for example, on-line payments, on-line and/or off-line purchases, cash withdrawals at an ATM, credit card account payments, bill payments, and/or international payments with funds in the transaction account and/or a line of credit associated with the transaction account. A quick enrollment aspect of the on-line payments services pre-qualifies the customers of a third party on-line service provider, such as an ISP, for the service. A funds transfer capability aspect provides, for example, an instant availability of funds for the customer.

Claims

1. A method of performing an on-line transaction, comprising:

arranging pre-qualification of a plurality of customers of a third party on-line service provider for an on-line payments service based on pre-defined parameters established by a financial institution providing the on-line payments service;

receiving customer information about at least one pre-qualified customer from the third party service provider by the financial institution pursuant to an indication of agreement entered by the customer at a terminal in response to a prompt;

allowing the customer at the terminal in response to a prompt to confirm the customer information on a review information page pre-filled with the customer information received from the third party service provider;

allowing the customer at the terminal in response to a prompt to enter information specifically pertaining to a proposed transaction account for the customer and for thereafter accessing the account;

conditionally approving the proposed transaction account for the customer by the financial institution without further verification and with a pre-defined service level and subject to a pre-determined transaction threshold; and

allowing the customer at the terminal to use the conditionally approved transaction account for a transaction according to pre-determined transaction parameters established for the pre-defined service level and subject to the pre-determined transaction threshold.

2. The method of claim 1, wherein arranging the pre-qualification further comprises arranging the pre-qualification of customers of the third party service provider who pay the service provider'"'"'s charges using a credit card account.

3. The method of claim 2, wherein arranging the pre-qualification further comprises arranging for execution of the pre-qualification by the third party service provider based on the pre-defined parameters provided to the service provider by the financial institution.

4. The method of claim 3, wherein the third party service provider further comprises an Internet Service Provider.

5. The method of claim 3, wherein the on-line payments service is co-branded by the third party service provider and the financial institution.

6. The method of claim 1, wherein receiving the customer information further comprises receiving an entry by the customer at the terminal in response to a prompt of an indication of the customer'"'"'s agreement to allow the third party service provider to share the customer information with the financial institution.

7. The method of claim 6, wherein receiving the customer information further comprises receiving pre-defined customer information fields for the customer from the third party service provider in response to a request by the financial institution.

8. The method of claim 1, wherein allowing the customer to confirm the customer information further comprises allowing the customer to confirm and update the pre-filled customer information consisting at least in part of the customer'"'"'s name, address, and telephone number received from the third party service provider.

9. The method of claim 1, wherein allowing the customer to enter information pertaining to the proposed transaction account and for thereafter accessing the account further comprises allowing the customer to enter on an account security page information consisting at least in part of a transaction account password and an indication of the customer'"'"'s consent relative to an electronic signature.

10. The method of claim 1, further comprising receiving an entry by the customer at the terminal in response to a prompt of an indication of the customer'"'"'s acceptance of terms, conditions, and legal notifications pertaining to the proposed transaction account.

11. The method of claim 1, further comprising displaying a jump page for the customer at the terminal with information consisting at least in part of a conditional approval of the proposed transaction account and instructions pertaining to linking a source account.

12. The method of claim 1, wherein conditionally approving the proposed transaction account for the customer further comprises employing a customer relations management process to request the customer'"'"'s Social Security Number and date of birth if the pre-determined transaction threshold is reached.

13. The method of claim 1, wherein allowing the customer to use the conditionally approved transaction account further comprises generating an outbound email message to the customer by a fraud early warning process requesting the customer'"'"'s Social Security Number and date of birth when the pre-determined transaction threshold is reached.

14. The method of claim 1, wherein allowing the customer to use the conditionally approved transaction account further comprises allowing the customer at the terminal to transfer funds between eligible accounts.

15. The method of claim 14, wherein allowing the customer to transfer the funds further comprises allowing the customer to enter an amount and a selection of an eligible transfer from account and an eligible transfer to account from a drop down box on a transfer cash page.

16. The method of claim 15, wherein allowing the customer to transfer the funds further comprises allowing the customer at the terminal to confirm the customer'"'"'s entry of the amount and selection of the transfer from and transfer to accounts on a confirm page.

17. The method of claim 1, wherein allowing the customer to use the conditionally approved transaction account further comprises allowing the customer at the terminal to transfer funds via selection of a self-fund mechanism.

18. The method of claim 17, wherein allowing the customer to transfer funds via the self-fund mechanism further comprises prompting the customer at the terminal to enroll a source of funds account, if the self-fund selection is made for the customer without an account enrolled as a source account.

19. The method of claim 18, wherein allowing the customer to transfer funds via the self-fund mechanism further comprises providing the customer at the terminal an instant availability of funds, if the customer enrolls a credit card account verified as the customer'"'"'s account as the source account.

20. A system for performing an on-line transaction, comprising:

means for arranging pre-qualification of a plurality of customers of a third party on-line service provider for an on-line payments service based on pre-defined parameters established by a financial institution providing the on-line payments service;

means for receiving customer information about at least one pre-qualified customer from the third party service provider by the financial institution pursuant to an indication of agreement entered by the customer at a terminal in response to a prompt;

means for allowing the customer at the terminal in response to a prompt to confirm the customer information on a review information page pre-filled with the customer information received from the third party service provider;

means for allowing the customer at the terminal in response to a prompt to enter information specifically pertaining to a proposed transaction account for the customer and for thereafter accessing the account;

means for conditionally approving the proposed transaction account for the customer by the financial institution without further verification and with a pre-defined service level and subject to a pre-determined transaction threshold; and

means for allowing the customer at the terminal to use the conditionally approved transaction account for a transaction according to pre-determined transaction parameters established for the pre-defined service level and subject to the pre-determined transaction threshold.

21. The system of claim 20, wherein the means for arranging the pre-qualification further comprises means for arranging the pre-qualification of customers of the third party service provider who pay the service provider'"'"'s charges using a credit card account.

22. The system of claim 21, wherein the means for arranging the pre-qualification further comprises means for arranging for execution of the pre-qualification by the third party service provider based on the pre-defined parameters provided to the service provider by the financial institution.

23. The system of claim 22, wherein the third party service provider further comprises an Internet Service Provider.

24. The system of claim 22, wherein the on-line payments service is co-branded by the third party service provider and the financial institution.

25. The system of claim 20, wherein the means for receiving the customer information further comprises means for receiving an entry by the customer at the terminal in response to a prompt of an indication of the customer'"'"'s agreement to allow the third party service provider to share the customer information with the financial institution.

26. The system of claim 25, wherein the means for receiving the customer information further comprises means for receiving pre-defined customer information fields for the customer from the third party service provider in response to a request by the financial institution.

27. The system of claim 20, wherein the means for allowing the customer to confirm the customer information further comprises means for allowing the customer to confirm and update the pre-filled customer information consisting at least in part of the customer'"'"'s name, address, and telephone number received from the third party service provider.

28. The system of claim 20, wherein the means for allowing the customer to enter information pertaining to the proposed transaction account and for thereafter accessing the account further comprises means for allowing the customer to enter on an account security page information consisting at least in part of a transaction account password and an indication of the customer'"'"'s consent relative to an electronic signature.

29. The system of claim 20, further comprising receiving an entry by the customer at the terminal in response to a prompt of an indication of the customer'"'"'s acceptance of terms, conditions, and legal notifications pertaining to the proposed transaction account.

30. The system of claim 20, further comprising displaying a jump page for the customer at the terminal with information consisting at least in part of a conditional approval of the proposed transaction account and instructions pertaining to linking a source account.

31. The system of claim 20, wherein the means for conditionally approving the proposed transaction account for the customer further comprises means for employing a customer relations management process to request the customer'"'"'s Social Security Number and date of birth if the pre-determined transaction threshold is reached.

32. The system of claim 20, wherein the means for allowing the customer to use the conditionally approved transaction account further comprises means for generating an outbound email message to the customer by a fraud early warning process requesting the customer'"'"'s Social Security Number and date of birth when the pre-determined transaction threshold is reached.

33. The system of claim 20, wherein the means for allowing the customer to use the conditionally approved transaction account further comprises means for allowing the customer at the terminal to transfer funds between eligible accounts.

34. The system of claim 33, wherein the means for allowing the customer to transfer the funds further comprises means for allowing the customer to enter an amount and a selection of an eligible transfer from account and an eligible transfer to account from a drop down box on a transfer cash page.

35. The system of claim 34, wherein the means for allowing the customer to transfer the funds further comprises means for allowing the customer at the terminal to confirm the customer'"'"'s entry of the amount and selection of the transfer from and transfer to accounts on a confirm page.

36. The system of claim 20, wherein the means for allowing the customer to use the conditionally approved transaction account further comprises means for allowing the customer at the terminal to transfer funds via selection of a self-fund mechanism.

37. The system of claim 36, wherein allowing the customer to transfer funds via the self-fund mechanism further comprises means for prompting the customer at the terminal to enroll a source of funds account, if the self-fund selection is made for the customer without an account enrolled as a source account.

38. The system of claim 37, wherein allowing the customer to transfer funds via the self-fund mechanism further comprises means for providing the customer at the terminal an instant availability of funds, if the customer enrolls a credit card account verified as the customer'"'"'s account as the source account.