Method for transferring funds
First Claim
Patent Images
1. A method for transferring an amount of money, the method comprising:
- a service provider registering at least one payee payment card with the service provider, wherein the at least one payee payment card is associated with at least one payee payment card account;
the service provider receiving an initial amount of money from at least one payor to the service provider;
the service provider storing the initial amount of money;
the service provider storing at least one spending category specified to the service provider by the at least one payor;
the service provider monitoring a transaction history of the at least one registered payment card account for a qualified purchase, wherein the qualified purchase is a purchase matching the at least one spending category;
the service provider identifying at least one qualified purchase on the transaction history; and
the service provider automatically transferring a portion of the initial amount of money to the at least one registered payee payment card account upon identifying at least one qualified purchase on the transaction history.
1 Assignment
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Accused Products
Abstract
A method to transfer money to a payee'"'"'s payment card account, without requiring an additional payment card or without acquiring the payee'"'"'s payment card information is disclosed. A payee registers a payment card with a service provider. The payment card is associated with a payment card account. A payor transfers an initial amount of money to the service provider to be given to the payee, when payee uses the registered payment card for a specified spending category. The service provider stores the money until the payee uses the registered payment card to make a qualified purchase.
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Citations
23 Claims
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1. A method for transferring an amount of money, the method comprising:
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a service provider registering at least one payee payment card with the service provider, wherein the at least one payee payment card is associated with at least one payee payment card account; the service provider receiving an initial amount of money from at least one payor to the service provider; the service provider storing the initial amount of money; the service provider storing at least one spending category specified to the service provider by the at least one payor; the service provider monitoring a transaction history of the at least one registered payment card account for a qualified purchase, wherein the qualified purchase is a purchase matching the at least one spending category; the service provider identifying at least one qualified purchase on the transaction history; and the service provider automatically transferring a portion of the initial amount of money to the at least one registered payee payment card account upon identifying at least one qualified purchase on the transaction history. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A method of using a payment card, the method comprising:
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a payee registering one or more payment cards with a service provider, wherein the one or more payment cards are associated with one or more payment card accounts; the payee using the registered one or more payment cards for a qualified purchase, wherein the qualified purchase is a purchase matching at least one spending category specified by a payor; and the payee receiving a transfer of funds to the registered one or more payment card accounts from the service provider, wherein the payor instructs the service provider to transfer funds to the registered one or more payment card accounts for the qualified purchase. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19)
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20. A method of transferring an amount of money, the method comprising:
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a payor registering information about a payee with a service provider; the payor transferring an initial amount of money to the service provider; the payor specifying to the service provider at least one spending category; and the payor instructing the service provider to pay a portion of the initial amount of money to the payee when the payee makes a qualified purchase with a payment card, wherein the qualified purchase is a purchase matching the at least one spending category. - View Dependent Claims (21, 22, 23)
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Specification