WIDE AREA NETWORK PERSON-TO-PERSON PAYMENT

• US 20090048967A1
• Filed: 09/30/2008
• Published: 02/19/2009
• Est. Priority Date: 07/11/2000
• Status: Abandoned Application

• Current Assignee: Western Union
• Original Assignee: First Data Corporation (Fiserv Incorporated)
• Inventors: Karas, Peter M., Sherrard, Jeff D., Neofytides, Cheryl L., Cowell, James E., Milberger, Susan M., Macfarlane, Jackie M., Golub, Matthew F., Dunker, Amy M., Abrahams, Susan F., Yoder, James R., Platte, Eric L., Baig, Aamer Ali
• Application Number:
  US12/241,500
• Publication Number:
  US 20090048967A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/06 Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• 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 20/4014 Identity check for transactions
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0609 Buyer or seller confidence or verification
• CPC Class Codes: G06Q 30/0613 Third-party assisted
• CPC Class Codes: G06Q 30/0641 Shopping interfaces
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user (110) in a stored value account on a server computer system (170). At the server computer system (170), a request from the first user (110) to send money to a second user (130) based on the stored value account is received. An electronic notification is sent from the server computer (170) to the second user (130) to notify the second user (130) of the request. A debit in the stored value account of the first user (110) is created. The requested money is sent to the second user (130) upon a receipt of a request at the server computer (170) from the second user (130).

Claims

1-63. -63. (canceled)

64. A method for transferring money using a wide-area computer network and a stored value account, the method comprising:

creating the stored value account for a user on a server computer system;

receiving money in the stored value account;

receiving input from the user indicating a transfer method and trigger condition;

determining if the trigger condition is satisfied; and

automatically transferring credit from the stored value account of the user using the transfer method if the trigger condition is satisfied.

65. The method for transferring money using the computer network and the stored value account as recited in claim 64, wherein determining step includes one of the following steps:

determining a credit balance in the stored value account exceeds a specified amount; and

determining that a period of time has expired.