WIDE AREA NETWORK PERSON-TO-PERSON PAYMENT
4 Assignments
0 Petitions
Accused Products
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).
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Citations
51 Claims
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1-41. -41. (canceled)
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42. A method for transferring money using a wide-area computer network and a stored value account, the method comprising:
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creating the stored value account for a first user on a server computer system; receiving at the server computer system a request from the first user to have a second user transfer money into the stored value account of the first user; sending an electronic notification from the server computer system to the second user to notify the second user of the request to transfer money into the stored value account of the first user; crediting the stored value account of the first user with the requested money upon receipt of an authorization at the server computer system from the second user; receiving a trigger condition for the stored value account of the first user; and automatically transferring credit from the stored value account of the first user when the trigger condition is satisfied. - View Dependent Claims (43, 44, 45, 46, 47, 48, 49, 50)
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51-65. -65. (canceled)
Specification