METHOD AND SYSTEM TO FACILITATE A TRANSFER OF FUNDS BETWEEN PARTIES USING A TELEPHONE-ENABLED DEVICE

• US 20120271762A1
• Filed: 07/06/2012
• Published: 10/25/2012
• Est. Priority Date: 08/02/2004
• Status: Abandoned Application

• Current Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Original Assignee: eBay Inc.
• Inventors: Chastagnol, Franck, Olliphant, Hugo, Ramavarjula, Bharathi, Martig, Celine, Kang, Kenneth, Freeland, 94303, Belousek, Thomas, Khomenko, Alex
• Application Number:
  US13/543,245
• Publication Number:
  US 20120271762A1
• 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 20/223 based on the use of peer-to-peer networks
• CPC Class Codes: G06Q 20/326 Payment applications installed on the mobile devices
• CPC Class Codes: G06Q 20/3263 characterised by activation or deactivation of payment capabilities
• CPC Class Codes: G06Q 20/386 using messaging services or messaging apps using mobile network messaging services for payment, e.g. SMS G06Q20/3255

Abstract

A method and system utilized to receive a registration request to register a mobile telephone with a financial payment system and contact information that identifies the mobile telephone. The system generates a confirmation code responsive to receiving the contact information and communicates the confirmation code to the mobile telephone. The system further receives from the mobile telephone a request to confirm the registration, the request to confirm registration including the confirmation code; and configures the first financial account at the financial payment system to receive instructions from the mobile telephone to transfer funds on the financial payment system.

Claims

1. A method comprising:

receiving, over a network, a registration request to register a mobile telephone with a financial payment system, the registration request for a first financial account on the financial payment system, the registration of the mobile telephone system to facilitate a transfer of funds;

receiving, over a network at the financial payment system, contact information that identifies the mobile telephone;

generating a confirmation code responsive to receiving the contact information;

communicating, over a network, the confirmation code to the mobile telephone based on the contact information;

receiving, over a network, from the mobile telephone a request to confirm the registration, the request to confirm registration including the confirmation code; and

configuring the first financial account at the financial payment system to receive instructions from the mobile telephone to transfer funds on the financial payment system.

2. The method of claim 1, wherein the receiving the registration request includes receiving the registration request from a first client device and wherein the receiving the contact information includes receiving the contact information from the first client device.

3. The method of claim 1, wherein the contact information includes a telephone number for the mobile telephone.

4. The method of claim 1, wherein the contact information includes a personal identification number (PIN).

5. The method of claim 1, wherein the contact information includes a name of telephone carrier.

6. The method of claim 1, further including receiving instructions from the mobile telephone to transfer funds from the first financial account to a second financial account.

7. The method of claim 6, wherein the funds are transferred from a first credit card that is associated with the first financial account to the second financial account.

8. The method of claim 2, wherein the first client device is selected from a group of client devices including a personal digital assistant, a personal computer, the mobile telephone and a second mobile telephone.

9. The method of claim 1, wherein the first financial account is registered to a first user.

10. A financial payment system comprising:

at least one processor; and

logic in memory that is executable by the at least one processor to cause the financial payment system to receive a registration request, over a network, to register a mobile telephone with a financial payment system, the registration request for a first financial account on the financial payment system, the registration of the mobile telephone system to facilitate a transfer of funds, the logic to further cause the financial payment system to receive contact information that identifies the mobile telephone, generate a confirmation code responsive to receiving the contact information, communicate the confirmation code to the mobile telephone based on the contact information, receive from the mobile telephone a request to confirm the registration, the request to confirm registration including the confirmation code, the logic to further cause the financial payment system to configure the first financial account at the financial payment system to receive instructions from the mobile telephone to transfer funds on the financial payment system.

11. The financial payment system of claim 10, wherein the logic is to further cause a receipt of the registration request from a first client device and wherein the logic is to further cause a receipt of contact information from the first client device.

12. The financial payment system of claim 10, wherein the contact information includes a telephone number for the mobile telephone.

13. The financial payment system of claim 10, wherein the contact information includes a personal identification number (PIN).

14. The financial payment system of claim 10, wherein the contact information includes a name of telephone carrier.

15. The financial payment system of claim 10, wherein the logic is to cause the financial payment system to receive instructions from the mobile telephone to transfer funds from the first financial account to a second financial account.

16. The financial payment system of claim 15, wherein the funds are transferred from a first credit card that is associated with the first financial account to the second financial account.

17. The financial payment system of claim 10, wherein the first client device is selected from a group of client devices including a personal digital assistant, a personal computer, the mobile telephone and a second mobile telephone.

18. The financial payment system of claim 10, wherein the first financial account is registered to a first user.

19. A financial payment system comprising:

at least one processor; and

a means in memory for receiving a registration request, over a network, to register a mobile telephone with a financial payment system, the registration request for a first financial account on the financial payment system, the registration of the mobile telephone system to facilitate a transfer of funds, the means for receiving contact information that identifies the mobile telephone, generating a confirmation code responsive to receiving the contact information, communicating the confirmation code to the mobile telephone based on the contact information, receiving from the mobile telephone a request to confirm the registration, the request to confirm registration including the confirmation code, the means for configuring the first financial account at the financial payment system to receive instructions from the mobile telephone to transfer funds on the financial payment system.

20. A machine-readable medium having instructions to cause a machine to perform a method, the method including:

receiving a registration request, over a network, to register a mobile telephone with a financial payment system, the registration request for a first financial account on the financial payment system, the registration of the mobile telephone system to facilitate a transfer of funds;

receiving, at the financial payment system, contact information that identifies the mobile telephone;

generating a confirmation code responsive to receiving the contact information;

communicating the confirmation code to the mobile telephone based on the contact information;

receiving from the mobile telephone a request to confirm the registration, the request to confirm registration including the confirmation code; and

configuring the first financial account at the financial payment system to receive instructions from the mobile telephone to transfer funds on the financial payment system.

21. The machine-readable medium of claim 20, wherein the receiving the registration request includes receiving the registration request from a first client device and wherein the receiving the contact information includes receiving the contact information from the first client device.

22. The machine-readable medium of claim 20, wherein the contact information includes a telephone number for the mobile telephone.

23. The machine-readable medium of claim 20, wherein the contact information includes a personal identification number (PIN).

24. The machine-readable medium of claim 20, wherein the contact information includes a name of telephone carrier.

25. The machine-readable medium of claim 20, further including receiving instructions from the mobile telephone to transfer funds from the first financial account to a second financial account.