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Pre-funding system and method

  • US 20060155644A1
  • Filed: 01/12/2005
  • Published: 07/13/2006
  • Est. Priority Date: 01/12/2005
  • Status: Active Grant
First Claim
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1. A method for pre-funding, the method comprising:

  • sending a plurality of pre-fund authorization requests to a buyer financial institution;

    receiving a plurality of responses to the pre-fund authorization requests from the buyer financial institution, wherein each response either accepts or declines a pre-fund authorization request;

    sending a funds transfer request to the buyer financial institution, wherein the funds transfer request corresponds to a total value of the accepted pre-fund authorization requests; and

    authorizing the sending of funds to a supplier financial institution after the funds have transferred from the buyer financial institution to an account in response to the funds transfer request.

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