ALIAS MANAGEMENT AND OFF-US DDA PROCESSING

• US 20110258111A1
• Filed: 04/18/2011
• Published: 10/20/2011
• Est. Priority Date: 04/19/2010
• Status: Abandoned Application

• Current Assignee: Visa International Service Association (Visa, Inc.)
• Original Assignee: Visa International Service Association (Visa, Inc.)
• Inventors: Tullis, John, Raj, Thanigaivel Ashwin, Shastry, Vishwanath, Fuentes, Jacob Saul
• Application Number:
  US13/089,134
• Publication Number:
  US 20110258111A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

An alias management and off-us demand deposit account processing system is disclosed. A sending entity initiates a value transfer with a payment processing network indicating a value transfer providing issuer which will conduct the value transfer and a demand deposit account issuer which hosts the demand deposit account that funds the value transfer. The sending entity is able to conduct a value transfer via a value transfer providing issuer using funds from an account with another issuer.

Claims

1. A method comprising:

sending, by a payment processing network server computer, a debit instruction message to a first financial institution to withdrawal at least a transfer amount from a second financial institution, the withdrawal request message comprising a demand deposit account identifier associated with the second financial institution, wherein the withdrawn funds are to be subsequently transferred to a third financial institution;

receiving, by the payment processing network computer, a withdrawal response message from the first financial institution confirming the withdrawal of at least the transfer amount from the second financial institution; and

initiating, by the payment processing network server computer, the sending of the transfer amount to a recipient entity account associated with the third financial institution.

2. The method of claim 1, further comprising sending, by the payment processing network server computer, an authorization request message to a third party authenticator, querying if at least the transfer amount is available from a demand deposit account, and receiving an authorization response message from the third party authenticator indicating that at least the transfer amount is available from the demand deposit account.

3. The method of claim 2, wherein the debit instruction message further comprises an authorization response indicator indicating that at least the transfer amount exists in the demand deposit account.

4. The method of claim 1, wherein initiating the sending of the transfer amount to the third financial institution comprises sending a credit message to the third financial institution, wherein the credit message comprises a BIN associated with the first financial institution and a personal account number (PAN) associated with the recipient entity account.

5. The method of claim 4, wherein the credit message is an original credit transaction.

6. The method of claim 1, wherein the demand deposit account and the recipient entity account at the third financial institution are payment card accounts.

7. The method of claim 1, wherein the recipient entity account is identified via a recipient entity alias, the first financial institution is a value transfer providing issuer, the second financial institution is a demand deposit account issuer, and the third financial institution is a recipient entity issuer.

8. The method of claim 1, further comprising receiving a confirmation message from a recipient entity issuer indicating that at least the transfer amount was credited to the recipient entity account.

9. The method of claim 1, further comprising receiving a value transfer initiation message from a sending entity comprising a transfer amount, a money transfer providing issuer identifier, a demand deposit account identifier, and a recipient entity identifier.

10. The method of claim 9, wherein the recipient entity identifier is a verifiable alias.

11. A non-transitory computer readable medium comprising code that when executed by a processor performs the method of claim 1.

12. A method comprising

receiving, by a value transfer providing issuer server computer, a debit instruction message comprising a transfer amount and a demand deposit account identifier;

sending, by the value transfer providing issuer server computer, a debit message to a demand deposit account issuer to debit at least the transfer amount from a demand deposit account, wherein the demand deposit account issuer and the demand deposit account are identified using the demand deposit account identifier;

receiving, by the value transfer providing issuer server computer, from the demand deposit account issuer confirmation that that at least the transfer amount was debited from the demand deposit account; and

sending, by the value transfer providing issuer server computer, a confirmation message confirming that at least the transfer amount has been debited from the demand deposit account to a payment processing network server computer.

13. The method of claim 12, further comprising receiving a authorization response message from the payment processing network server computer indicating that at least the transfer amount is available from the demand deposit account.

14. A non-transitory computer readable medium comprising code that when executed by a processor performs the method of claim 12.

15. A system comprising

a processor;

and

a computer-readable medium coupled to the processor, the computer readable medium comprising code executable by the processor for implementing a method comprising;

sending a debit instruction message to a first financial institution to withdrawal at least a transfer amount from a second financial institution, wherein the withdrawal request message comprises a demand deposit account identifier associated with the second financial institution;

receiving a withdrawal response message from the first financial institution confirming the withdrawal of at least the transfer amount from the second financial institution; and

initiating the sending of the transfer amount to a recipient entity account associated with the third financial institution.

16. The method of claim 15, further comprising sending an authorization request message to a third party authorizer, querying if at least the transfer amount is available from a demand deposit account, and receiving an authorization response message from the third party authenticator indicating that at least the transfer amount is available from the demand deposit account.

17. The method of claim 15, wherein the debit instruction message further comprises an authorization response indicator indicating that at least the transfer amount exists in the demand deposit account.

18. The method of claim 15, wherein initiating the sending of the transfer amount to the third financial institution comprises sending a credit message to the third financial institution wherein the credit message comprises a first financial institution acquiring BIN and the third financial institution PAN.