PAYMENT REAL-TIME FUNDS AVAILABILITY
First Claim
1. A system comprising:
- one or more processing modules; and
one or more non-transitory memory storage modules storing computing instructions configured to run on the one or more processing modules and perform;
receiving a first promise-to-pay message at a transaction system, the first promise-to-pay message being based on a successful debit of a first account maintained by a first financial institution, the successful debit of the first account being based on a payment authorization made by a sender at a payment authorization time, the first account being held by the sender;
storing the first promise-to-pay message in the transaction system;
sending a second promise-to-pay message from the transaction system to a second financial institution, the second promise-to-pay message being based on the first promise-to-pay message, such that the second financial institution credits a second account maintained by the second financial institution to make funds available in the second account in real-time after the payment authorization time, the sender being financially liable for the second account;
receiving a first response at the transaction system from the second financial institution indicating a successful credit of the second account maintained by the second financial institution;
storing the first response in the transaction system; and
sending a second response from the transaction system indicating the successful credit of the second account maintained by the second financial institution to inform at least the sender in real-time after the payment authorization time of the successful credit of the second account maintained by the second financial institution,wherein;
the first financial institution is different from the second financial institution.
2 Assignments
0 Petitions
Accused Products
Abstract
A method including receiving a first promise-to-pay message at a transaction system. The method also can include storing the first promise-to-pay message in the transaction system. The method additionally can include sending a second promise-to-pay message from the transaction system to a second financial institution. The method further can include receiving a first response at the transaction system from the second financial institution indicating a successful credit of the second account maintained by the second financial institution. The method additionally can include storing the first response in the transaction system. The method further can include sending a second response from the transaction system indicating the successful credit of the second account maintained by the second financial institution to inform at least the sender in real-time after the payment authorization time of the successful credit of the second account maintained by the second financial institution. Other embodiments are provided.
40 Citations
54 Claims
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1. A system comprising:
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one or more processing modules; and one or more non-transitory memory storage modules storing computing instructions configured to run on the one or more processing modules and perform; receiving a first promise-to-pay message at a transaction system, the first promise-to-pay message being based on a successful debit of a first account maintained by a first financial institution, the successful debit of the first account being based on a payment authorization made by a sender at a payment authorization time, the first account being held by the sender; storing the first promise-to-pay message in the transaction system; sending a second promise-to-pay message from the transaction system to a second financial institution, the second promise-to-pay message being based on the first promise-to-pay message, such that the second financial institution credits a second account maintained by the second financial institution to make funds available in the second account in real-time after the payment authorization time, the sender being financially liable for the second account; receiving a first response at the transaction system from the second financial institution indicating a successful credit of the second account maintained by the second financial institution; storing the first response in the transaction system; and sending a second response from the transaction system indicating the successful credit of the second account maintained by the second financial institution to inform at least the sender in real-time after the payment authorization time of the successful credit of the second account maintained by the second financial institution, wherein; the first financial institution is different from the second financial institution. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19)
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20. A method being implemented via execution of computer instructions configured to run at one or more processing modules and configured to be stored at one or more non-transitory memory storage modules, the method comprising:
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receiving a first promise-to-pay message at a transaction system, the first promise-to-pay message being based on a successful debit of a first account maintained by a first financial institution, the successful debit of the first account being based on a payment authorization made by a sender at a payment authorization time, the first account being held by the sender; storing the first promise-to-pay message in the transaction system; sending a second promise-to-pay message from the transaction system to a second financial institution, the second promise-to-pay message being based on the first promise-to-pay message, such that the second financial institution credits a second account maintained by the second financial institution to make funds available in the second account in real-time after the payment authorization time, the sender being financially liable for the second account; receiving a first response at the transaction system from the second financial institution indicating a successful credit of the second account maintained by the second financial institution; storing the first response in the transaction system; and sending a second response from the transaction system indicating the successful credit of the second account maintained by the second financial institution to inform at least the sender in real-time after the payment authorization time of the successful credit of the second account maintained by the second financial institution, wherein; the first financial institution is different from the second financial institution. - View Dependent Claims (21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38)
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39. A system comprising:
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one or more processing modules; and one or more non-transitory memory storage modules storing computing instructions configured to run on the one or more processing modules and perform; sending a debit message from a transaction system to a first financial institution to debit a first account maintained by the first financial institution based on a payment authorization made by a sender at a payment authorization time, the first account being held by the sender; receiving a debit response at the transaction system from the first financial institution in real-time after the payment authorization time, the debit response indicating a successful debit of the first account maintained by the first financial institution; storing the debit response in the transaction system; and sending a first response from the transaction system to an application service provider indicating the successful debit of the first account maintained by the first financial institution, such that the application service provider sends a promise-to-pay message to a second financial institution to credit a second account maintained by the second financial institution to make funds available in the second account in real-time after the payment authorization time, and such that the application service provider informs the sender in real-time after the payment authorization time of a successful credit of the second account maintained by the second financial institution, the sender being financially liable for the second account, wherein; the first financial institution is different from the second financial institution; and the application service provider is the same entity as the second financial institution. - View Dependent Claims (40, 41, 42, 43, 44, 45, 46)
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47. A method being implemented via execution of computer instructions configured to run at one or more processing modules and configured to be stored at one or more non-transitory memory storage modules, the method comprising:
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sending a debit message from a transaction system to a first financial institution to debit a first account maintained by the first financial institution based on a payment authorization made by a sender at a payment authorization time, the first account being held by the sender; receiving a debit response at the transaction system from the first financial institution in real-time after the payment authorization time, the debit response indicating a successful debit of the first account maintained by the first financial institution; storing the debit response in the transaction system; and sending a first response from the transaction system to an application service provider indicating the successful debit of the first account maintained by the first financial institution, such that the application service provider sends a promise-to-pay message to a second financial institution to credit a second account maintained by the second financial institution to make funds available in the second account in real-time after the payment authorization time, and such that the application service provider informs the sender in real-time after the payment authorization time of a successful credit of the second account maintained by the second financial institution, the sender being financially liable for the second account, wherein; the first financial institution is different from the second financial institution; and the application service provider is the same entity as the second financial institution. - View Dependent Claims (48, 49, 50, 51, 52, 53, 54)
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Specification