Internetworking Between P2P Networks

• US 20110313921A1
• Filed: 12/14/2010
• Published: 12/22/2011
• Est. Priority Date: 12/14/2009
• Status: Abandoned Application

• Current Assignee: CashEdge Incorporated (Fiserv Incorporated)
• Original Assignee: CashEdge Incorporated (Fiserv Incorporated)
• Inventors: Dheer, Sanjeev, Panthaki, Behram, Bhagavatula, Krishna, Cooper, David, Platt, Neil, Shapiro, Tammi, Smelker, Gregg
• Application Number:
  US12/968,189
• Publication Number:
  US 20110313921A1
• Time in Patent Office: Days
• US Class Current: 705/42
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/223 based on the use of peer-to-peer networks
• 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 20/425 using two different networks, one for transaction and one for security confirmation
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A method and apparatus for internetworking multiple person-to-person (P2P) payment networks and financial institutions is disclosed. Embodiments include receiving a request to send funds from a payor, the request containing one of the payee'"'"'s email address and mobile phone number; determining whether the payee is registered with a network financial institution that is within a P2P network of the payer (the originating P2P network), wherein determining includes matching one of the payee'"'"'s email address and mobile phone number; if the payee is registered within the originating P2P network financial institution, transferring the funds to the payee account at the network financial institution and notifying the payee and posting the transaction on the network financial institution web site; and if the payee is not registered within the originating P2P network determining whether the payee is registered with any second payment network connected to the internetwork payment hub with which the originating network is connected wherein determining includes matching one of the email or mobile phone number of the payee specified by the payor.

Claims

1. A computer-implemented method for connecting multiple person-to-person (P2P) funds transfer networks, the method comprising:

receiving a request to send funds from a payor, the request containing one of the payee'"'"'s email address and mobile phone number;

determining whether the payee is registered with a network financial institution that is within a originating P2P network of the payor, wherein determining includes matching one of the payee'"'"'s email address and mobile phone number;

if the payee is registered within the originating P2P network financial institution, transferring the funds to the payee'"'"'s account at the network financial institution, notifying the payee and posting the transaction on the network financial institution web site;

if the payee is not registered within the originating P2P network financial institution, an internetwork payment hub to which the originating P2P network is connected determining whether the payee is registered with any second payment network connected to the internetwork payment hub, wherein determining includes matching one of the email or mobile phone number of the payee specified by the payor;

if the payee is registered with a second payment network, sending a message to the second network to transfer the funds according to agreed-upon guidelines;

if the payee is not registered with the originating P2P network or with the second connected P2P network, the internetwork payment hub directing the payee to a common web site to specify a financial institution to which the user wishes the funds to be transferred;

if the financial institution specified by payee belongs to any of the connected P2P networks, notifying the payee of an option to register at that financial institution to receive the funds; and

if the specified financial institution is not connected to any of the connected P2P networks, notifying the payee to provide details of the account where the user wishes to have funds deposited, and completing the transfer of funds.