System and Method for Conducting Financial Account Transfers

• US 20140279415A1
• Filed: 03/15/2013
• Published: 09/18/2014
• Est. Priority Date: 03/15/2013
• Status: Abandoned Application

• Current Assignee: Jean-Luc V. Girard, Mitchell P. Hazam
• Original Assignee: Jean-Luc V. Girard, Mitchell P. Hazam
• Inventors: Hazam, Mitchell P., Girard, Jean-Luc V.
• Application Number:
  US13/839,803
• Publication Number:
  US 20140279415A1
• 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

Abstract

A system and method for executing a financial transaction via an electronic device is provided. The methods comprises several steps. First, a request for an online transfer from a first account associated with a user is received. Second, a selectable funds icon is displayed, wherein the selectable funds icon displays the available range of funds that are transferable from the first account. Third, a transfer amount selection based on the user'"'"'s interaction with the selectable funds icon is received. Fourth, a transfer amount selection is then designated via a movable funds container. Fifth, a request from the user to move the movable funds container to an icon associated with a second account is received.

Claims

1. A method for executing a financial transaction via an electronic device, comprising the steps of:

receiving, electronically, a request for an online transfer from a first account associated with a user;

displaying, electronically, a selectable funds icon, wherein the selectable funds icon displays the available range of funds that are transferable from the first account;

receiving, electronically, a transfer amount selection based on the user'"'"'s interaction with the selectable funds icon;

displaying, electronically, the transfer amount selection via a movable funds container; and

receiving, electronically, a request from the user to move the movable funds container to an icon associated with a second account.

2. The method of claim 1 further comprising the step of initiating the transfer of the transfer amount from the first account to the second account.

3. The method of claim 1 wherein the selectable funds icon comprises a slidable bar, wherein the slidable bar further comprises a selector that is slidable between a first position corresponding to a minimum transfer amount and a second position corresponding to a maximum transfer amount.

4. The method of claim 3 wherein the step of receiving a transfer amount selection comprises the user positioning the selector between the first and second position, wherein the selected position between the first and second positions corresponds to the transfer amount selection.

5. The method of claim 1 wherein the request for an online transfer is received upon the user touching an icon displayed on a screen or display associated with the electronic device, wherein the icon touched by the user is associated with the first account.

6. The method of claim 1 wherein the request to move the movable funds container comprises the user dragging and dropping the movable funds container by touching a screen or display associated with the electronic device.

7. The method of claim 1 wherein the electronic device is portable.

8. The method of claim 1 wherein the electronic device comprises a tablet, a smartphone, or personal assistant device.

9. The method of claim 1 wherein the step of initiating the transfer of the transfer amount comprising transmitting a transfer instruction to a financial transactions processor or mainframe.

10. A system, comprising:

a processor; and

a memory comprising computer-readable instructions which when executed by the processor cause the processor to perform the steps comprising;

receiving a request for an online transfer from a first account associated with a user;

displaying a selectable funds icon, wherein the selectable funds icon displays the available range of funds that are transferable from the first account;

receiving a transfer amount selection based on the user'"'"'s interaction with the selectable funds icon;

displaying the transfer amount selection via a movable funds container; and

receiving a request from the user to move the movable funds container to an icon associated with a second account.

11. The method of claim 10 further comprising the step of initiating the transfer of the transfer amount from the first account to the second account.

12. The method of claim 10 wherein the selectable funds icon comprises a slidable bar, wherein the slidable bar further comprises a selector that is slidable between a first position corresponding to a minimum transfer amount and a second position corresponding to a maximum transfer amount.

13. The method of claim 12 wherein the step of receiving a transfer amount selection comprises the user positioning the selector between the first and second position, wherein the selected position between the first and second positions corresponds to the transfer amount selection.

14. The method of claim 10 wherein the request for an online transfer is received upon the user touching an icon displayed on a screen or display associated with the electronic device, wherein the icon touched by the user is associated with the first account.

15. The method of claim 10 wherein the request to move the movable funds container comprises the user dragging and dropping the movable funds container by touching a screen or display associated with the electronic device.

16. The method of claim 10 wherein the electronic device is portable.

17. The method of claim 10 wherein the electronic device comprises a tablet, a smartphone, or personal assistant device.

18. The method of claim 10 wherein the second account is associated with a user or a third party.

20. The system of claim 10 wherein the instructions comprise the user dragging and dropping a movable funds container by touching a screen or display associated with the electronic device, and wherein the movable funds container is dragged from an area associated with the first account and dropped in an area associated with the second account.

19. A system for conducting a financial transaction, comprising:

a user I/O module receiving instructions from a user regarding a transfer of funds from a first account to a second account, wherein the instructions are provided by the user by touching a screen associated with a device;

an accounts module for processing data related to the first and second accounts and the financial transactions; and

a back-end systems communication module for transmitting data relating to the transfer of funds to a financial system.