TECHNIQUE FOR PERFORMING A FINANCIAL TRANSACTION

• US 20140040116A1
• Filed: 01/22/2013
• Published: 02/06/2014
• Est. Priority Date: 07/31/2012
• Status: Abandoned Application

• Current Assignee: Intuit, Inc.
• Original Assignee: Intuit, Inc.
• Inventors: Clare, Christopher M. F., Watson, William A., Yong, Aaron J., Durand, Dustin D., Castagna, Natalia E.
• Application Number:
  US13/747,256
• Publication Number:
  US 20140040116A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/223 based on the use of peer-to-peer networks
• CPC Class Codes: G06Q 20/327 Short range or proximity payments by means of M-devices

Abstract

During a financial technique, an instance of an application executing on an initiating electronic device initiates the financial transaction by communicating information with a receiving electronic device. Then, the application selects a financial account that provides funds for the financial transaction. This financial account may be one of multiple different types of financial accounts that are associated with different providers. Moreover, the application conducts the financial transaction by providing a message to the receiving electronic device, where the message includes an amount of funds transferred in the financial transaction. After receiving the message, an instance of the application executing on the receiving electronic device selects another financial account that receives the funds for the financial transaction, where the other financial account is one of multiple different types of financial accounts that are associated with different providers.

Claims

1. An electronic-device-implemented method for performing a financial transaction, the method comprising:

using an application executing on an initiating electronic device, initiating the financial transaction with a receiving electronic device, wherein the financial transaction is a peer-to-peer financial transaction;

selecting, at the initiating electronic device, a financial account that provides funds for the financial transaction, wherein the financial account is one of multiple different types of financial accounts that are associated with different providers; and

sending a message to the receiving electronic device, wherein the message includes an amount of funds to be transferred in the financial transaction.

2. The method of claim 1, wherein the initiating electronic device is associated with a first user and the other receiving electronic device is associated with a second user.

3. The method of claim 1, wherein the initiating electronic device and the receiving electronic device communicate through a wireless communication channel and, the initiating electronic device and the receiving electronic device are within eyesight of each other.

4. The method of claim 1, wherein the initiating the financial transaction involves exchanging information using a technique selected from the group consisting of:

near-field communication, conveying a Quick Response code, and wireless communication.

5. The method of claim 4, wherein the exchanged information includes an identifier.

6. (canceled)

7. A computer-program product for use in conjunction with an initiating electronic device, the computer-program product comprising a non-transitory computer-readable storage medium and a computer-program mechanism embedded therein to conduct a financial transaction, the computer-program mechanism including:

instructions for initiating the financial transaction with a receiving electronic device, wherein the financial transaction is a peer-to-peer financial transaction;

instructions for selecting, at the initiating electronic device, a financial account that provides funds for the financial transaction; and

instructions for sending a message to the receiving electronic device, wherein the message includes an amount of funds to be transferred in the financial transaction.

8. The computer-program product of claim 7, wherein the initiating the financial transaction involves exchanging information using a technique selected from the group consisting of:

near-field communication, conveying a Quick Response code, and wireless communication.

9. (canceled)

10. An electronic device, comprising:

a processor;

memory; and

a program module, wherein the program module is stored in the memory and configurable to be executed by the processor to constrain represented content associated with an object in a document, the program module including;

instructions for initiating the financial transaction with a receiving electronic device, wherein the financial transaction is a peer-to-peer financial transaction;

instructions for selecting, at the initiating electronic device, a financial account that provides funds for the financial transaction; and

instructions for sending a message to the receiving electronic device, wherein the message includes an amount of funds to be transferred in the financial transaction.

11. An electronic-device-implemented method for performing a financial transaction, the method comprising:

using an application executing on a receiving electronic device, receiving information from another electronic device initiating the financial transaction, wherein the financial transaction is a peer-to-peer financial transaction;

conducting the financial transaction by receiving, at the receiving electronic device, a message from an initiating electronic device, wherein the message includes an amount of funds transferred in the financial transaction; and

selecting a financial account that receives the funds for the financial transaction, wherein the financial account is one of multiple different types of financial accounts that are associated with different providers.

12. The method of claim 11, wherein the initiating electronic device is associated with a first user and the receiving electronic device is associated with a second user.

13. The method of claim 11, wherein the initiating electronic device and the receiving electronic device communicate through a wireless communication channel and, the initiating electronic device and the receiving electronic device are within eyesight of each other.

14. The method of claim 11, wherein receiving the information from the initiating electronic device involves a technique selected from the group consisting of:

near-field communication, conveying a Quick Response code, and wireless communication.

15. The method of claim 14, wherein the received information includes an identifier.

16. (canceled)

17. A computer-program product for use in conjunction with an electronic device, the computer-program product comprising a non-transitory computer-readable storage medium and a computer-program mechanism embedded therein to conduct a financial transaction, the computer-program product including:

instructions for receiving information from an initiating electronic device, which initiates the financial transaction, wherein the financial transaction is a peer-to-peer financial transaction;

instructions for conducting the financial transaction by receiving, at the receiving electronic device, a message from the initiating electronic device, wherein the message includes an amount of funds transferred in the financial transaction; and

instructions for selecting a financial account that receives the funds for the financial transaction, wherein the financial account is one of multiple different types of financial accounts that are associated with different providers.

18. The computer-program product of claim 17, wherein receiving the information from the initiating electronic device involves a technique selected from the group consisting of:

near-field communication, conveying a Quick Response code, and wireless communication.

19. (canceled)

20. An electronic device, comprising:

a processor;

memory; and

a program module, wherein the program module is stored in the memory, the program module including;

instructions for receiving information from an initiating electronic device, which initiates the financial transaction, wherein the financial transaction is a peer-to-peer financial transaction;

instructions for conducting the financial transaction by receiving, at the receiving electronic device, a message from the initiating electronic device, wherein the message includes an amount of funds transferred in the financial transaction; and

instructions for selecting a financial account that receives the funds for the financial transaction, wherein the financial account is one of multiple different types of financial accounts that are associated with different providers.