ONLINE INCREMENTAL PAYMENT METHOD
8 Assignments
0 Petitions
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.
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Citations
33 Claims
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1-20. -20. (canceled)
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21. A system for transferring funds between a payor and a payee, the system comprising:
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a host computer system;
a computer readable storage medium having at least one computer-readable program for operation of the host computer system, wherein the computer-readable program includes instructions to;
receive information from the payor for debiting a bank account associated with the payor, wherein the information comprises payer personal information including information regarding the bank account associated with the payor and information regarding online transaction data including a total amount of the online transaction;
transmit to the payee an authorization to request debits from the payor, wherein a total of all debit requests does not exceed the total amount for the online transaction;
receive a first request from the payee to debit the payor a first portion of the amount;
initiate a first debit from the bank account for the first portion of the amount;
receive a second request from the payee to debit the payor a first portion of the amount;
initiate a second debit from the bank account for the second portion of the amount. - View Dependent Claims (22, 23, 24, 25, 26, 27)
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28. A system for transferring funds between a first party and a second party, the system comprising:
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a host computer system;
a computer readable storage medium having at least one computer-readable program for operation of the host computer system, wherein the computer-readable program includes instructions to;
receive information from the first party for debiting a bank account associated with the first party, wherein the information comprises personal information including information regarding the account associated with the first party and information regarding online transaction data including a total amount of the online transaction;
transmit to the second party an authorization to request debits from the account, wherein a total of all debit requests does not exceed the total amount;
receive a plurality of request from the second party to debit the account;
initiate a plurality of debits from the account using the automated clearinghouse (ACH) network. - View Dependent Claims (29, 30, 31, 32)
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33. A system for transferring funds between a customer and a merchant, the system comprising:
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a merchant computer system;
a funds transfer computer system comprising a computer readable storage medium having at least one computer-readable program for operation of the host computer system, wherein the computer-readable program includes instructions to;
receive authorization to request debits of a bank account of the customer from the merchant computer system, wherein a total of all debit requests does not exceed an amount, and the authorization resulting from interaction between the customer and the funds transfer computer system comprises receiving personal information from the customer including information regarding the bank account of the customer;
wherein the merchant computer system is configured to send a plurality of requests to the funds transfer computer system to debit the bank account.
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Specification