VALUE TRANSFER SYSTEMS AND METHODS
3 Assignments
0 Petitions
Accused Products
Abstract
One method involves the use of stored value account that may be used, for example, to make internet payments, and that can be credited using a variety of payment techniques. Such a method involves receiving money at a money transfer location from a potential purchaser. The money is then stored as an electronic record in a stored value account of the purchaser. This money is then available for transfer at the request of the purchaser. Upon such a request, the money may be electronically sent to a recipient and the stored value account may be debited.
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Citations
29 Claims
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1-23. -23. (canceled)
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24. A method for paying for goods or services using a network, the method comprising:
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providing a money transfer system with account information on a payee;
placing at least one restriction on transfers into the account from one or more payors, and storing the restriction in the money transfer system;
receiving a cash payment at a money transfer location from at least one payor, wherein the cash payment is to pay for a good or service offered by the payee;
sending a record to the money transfer system over a network indicating that the cash payment has been made; and
transferring funds to the account of the payee over a network based on the cash payment using the money transfer system. - View Dependent Claims (25, 26, 27, 28, 29)
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Specification