SYSTEM AND METHOD FOR PERFORMING PERSON-TO-PERSON FUNDS TRANSFERS VIA WIRELESS COMMUNICATIONS
First Claim
1. A method comprising:
- providing, by a funds transfer computer-based system, an insufficient funds notification to a buyer mobile telephone, in response to a first financial account having insufficient funds to complete a funds-transfer request;
requesting, by the computer-based system, that the buyer modify the funds-transfer request via the buyer mobile telephone to identify a second financial account in response to the first financial account having insufficient funds to complete the funds-transfer request;
providing, by the computer-based system, an invalid account notification to the buyer mobile telephone, in response to third financial account information corresponding to an invalid financial account; and
requesting, by the computer-based system, that the buyer modify the funds-transfer request via the buyer mobile telephone, to identify a fourth financial account that is valid, in response to the third financial account information corresponding to an invalid financial account.
1 Assignment
0 Petitions
Accused Products
Abstract
A funds-transfer system enables a buyer to transfer funds to a seller via a mobile telephone. The system receives a payment request transmitted from a mobile telephone of the buyer. The payment request is for a transfer of funds from a financial account held by the buyer to a financial account held by the seller, and the payment request is transmitted from a payment application stored in the buyer'"'"'s mobile telephone. The payment request identifies a purchase amount to be transferred, and information identifying the financial account held by the buyer. The system charges the purchase amount to the financial account held by the buyer and transfers the purchase amount to a financial account held by the seller.
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Citations
20 Claims
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1. A method comprising:
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providing, by a funds transfer computer-based system, an insufficient funds notification to a buyer mobile telephone, in response to a first financial account having insufficient funds to complete a funds-transfer request; requesting, by the computer-based system, that the buyer modify the funds-transfer request via the buyer mobile telephone to identify a second financial account in response to the first financial account having insufficient funds to complete the funds-transfer request; providing, by the computer-based system, an invalid account notification to the buyer mobile telephone, in response to third financial account information corresponding to an invalid financial account; and requesting, by the computer-based system, that the buyer modify the funds-transfer request via the buyer mobile telephone, to identify a fourth financial account that is valid, in response to the third financial account information corresponding to an invalid financial account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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16. A system comprising:
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a funds transfer processor, a tangible, non-transitory memory configured to communicate with the processor, the tangible, non-transitory memory having instructions stored thereon that, in response to execution by the processor, cause the processor to perform operations comprising; providing, by the processor, an insufficient funds notification to a buyer mobile telephone, in response to a first financial account having insufficient funds to complete a funds-transfer request; requesting, by the processor, that the buyer modify the funds-transfer request via the buyer mobile telephone to identify a second financial account in response to the first financial account having insufficient funds to complete the funds-transfer request; providing, by the processor, an invalid account notification to the buyer mobile telephone, in response to third financial account information corresponding to an invalid financial account; and requesting, by the processor, that the buyer modify the funds-transfer request via the buyer mobile telephone, to identify a fourth financial account that is valid, in response to the third financial account information corresponding to an invalid financial account. - View Dependent Claims (17, 18, 19)
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20. An article of manufacture including a non-transitory, tangible computer readable storage medium having instructions stored thereon that, in response to execution by a funds transfer computer-based system, cause the computer-based system to perform operations comprising:
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providing, by the computer-based system, an insufficient funds notification to a buyer mobile telephone, in response to a first financial account having insufficient funds to complete a funds-transfer request; requesting, by the computer-based system, that the buyer modify the funds-transfer request via the buyer mobile telephone to identify a second financial account in response to the first financial account having insufficient funds to complete the funds-transfer request; providing, by the computer-based system, an invalid account notification to the buyer mobile telephone, in response to third financial account information corresponding to an invalid financial account; and requesting, by the computer-based system, that the buyer modify the funds-transfer request via the buyer mobile telephone, to identify a fourth financial account that is valid, in response to the third financial account information corresponding to an invalid financial account.
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Specification