Money Management Network
First Claim
1. A money management network configured to permit at least one financial transaction comprising:
- at least one customer having access to the money management network;
at least one financial institution linked to at least one network hub, at the financial institution there being account information associated with the financial institution and with the customer, the account information having a financial institution customer identifier, wherein the money management network is configured such that the customer can request the transmission of the financial institution customer identifier from the financial institution to the network hub, and wherein the financial institution customer identifier is transmitted to the network hub;
at least one vendor linked to the at least one network hub, at the vendor there being vendor customer information associated with the vendor and with the customer, the vendor customer information having a vendor customer identifier, wherein the money management network is configured such that the customer can request the transmission of the vendor customer identifier from the vendor to the network hub, and wherein the vendor customer identifier is transmitted to the network hub; and
,wherein within the network hub, the financial institution customer identifier and vendor customer identifier are selectively linked, thus forming a connection between the account information and the vendor customer information such that at least one financial transaction involving the financial institution, the vendor and the customer are permitted.
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Accused Products
Abstract
A money management network including a money management network, a bank web site hosted by a bank, and a vendor web site hosted by a vendor. The bank web site is accessible by a bank/vendor customer. The vendor web site accessible by the bank/vendor customer. The bank web site has means for accepting authorization for a purchase transaction from the bank/vendor customer such that the authorization verifies the bank/vendor customer'"'"'s identification for the vendor. In one preferred embodiment the vendor receives authorization for a purchase without the vendor receiving customer account information from the bank/vendor customer, the bank, or the money management network.
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Citations
13 Claims
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1. A money management network configured to permit at least one financial transaction comprising:
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at least one customer having access to the money management network; at least one financial institution linked to at least one network hub, at the financial institution there being account information associated with the financial institution and with the customer, the account information having a financial institution customer identifier, wherein the money management network is configured such that the customer can request the transmission of the financial institution customer identifier from the financial institution to the network hub, and wherein the financial institution customer identifier is transmitted to the network hub; at least one vendor linked to the at least one network hub, at the vendor there being vendor customer information associated with the vendor and with the customer, the vendor customer information having a vendor customer identifier, wherein the money management network is configured such that the customer can request the transmission of the vendor customer identifier from the vendor to the network hub, and wherein the vendor customer identifier is transmitted to the network hub; and
,wherein within the network hub, the financial institution customer identifier and vendor customer identifier are selectively linked, thus forming a connection between the account information and the vendor customer information such that at least one financial transaction involving the financial institution, the vendor and the customer are permitted. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A method of permitting a financial transaction on a money management network, comprising:
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at least one financial institution within the money management network, associating account information with a customer and associating a financial institution customer identifier with the account information, the customer requesting the transmission of the financial institution customer identifier from the financial institution to at least one network hub within the money management network, the financial institution transmitting the financial institution customer identifier to the network hub; at least one vendor within the money management network, associating vendor customer information with a customer and associating a vendor customer identifier with the vendor customer information, the customer requesting the transmission of the vendor customer identifier from the vendor to the at least one network hub within the money management network, the vendor transmitting the vendor customer identifier to the network hub; within the network hub, selectively linking the financial institution customer identifier and the vendor customer identifier to thereby permit at least one transaction associated with each of the financial institution, the vendor and the customer. - View Dependent Claims (8, 9, 10, 11)
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- 12. A financial institution within a money management network, the financial institution adapted to be linked to at least one network hub and wherein, at the financial institution a financial institution customer identifier is associated with account information that is associated with a customer, and wherein on request of the customer the financial institution is operable to transmit the financial institution customer identifier to the network hub, the financial institution customer identifier adapted to be linked with a vendor customer identifier within the network hub, the vendor customer identifier being associated with selected vendor customer information at a vendor, and wherein the linking of the financial institution customer identifier and the vendor customer identifier within the network hub thus forms a connection between the account information at the financial institution and the vendor customer information at the vendor that enables a transaction between the financial institution, the vendor and the customer, and wherein within the financial institution funds are transferred from at least one customer account such that funds will be received by the vendor.
Specification