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;
providing a payment application to a sender from an application service provider;
receiving a payment authorization from the sender through the payment application, the payment authorization being made by the sender at a payment authorization time;
sending a first debit message from the application service provider to debit a first account maintained by a first financial institution based on the payment authorization, the first account being held by the sender;
receiving a first debit response at the application service provider 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;
generating a first promise-to-pay message for 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, the sender being financially liable for the second account, the first promise-to-pay message being based on the successful debit of the first account maintained by the first financial institution;
sending the first promise-to-pay message;
receiving a first response at the application service provider indicating a successful credit of the second account maintained by the second financial institution; and
sending a notification to the sender from the application service provider 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.
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Accused Products
Abstract
A method including providing a payment application to a sender from an application service provider. The method also can include receiving a payment authorization from the sender through the payment application. The payment authorization can be made by the sender at a payment authorization time. The method additionally can include sending a first debit message from the application service provider to debit a first account maintained by a first financial institution based on the payment authorization. The method further can include receiving a first debit response at the application service provider in real-time after the payment authorization time. The method additionally can include generating a first promise-to-pay message for 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. The method further can include sending the first promise-to-pay message. The method additionally can include receiving a first response at the application service provider indicating a successful credit of the second account maintained by the second financial institution. The method further can include sending a notification to the sender from the application service provider 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.
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Citations
40 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; providing a payment application to a sender from an application service provider; receiving a payment authorization from the sender through the payment application, the payment authorization being made by the sender at a payment authorization time; sending a first debit message from the application service provider to debit a first account maintained by a first financial institution based on the payment authorization, the first account being held by the sender; receiving a first debit response at the application service provider 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; generating a first promise-to-pay message for 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, the sender being financially liable for the second account, the first promise-to-pay message being based on the successful debit of the first account maintained by the first financial institution; sending the first promise-to-pay message; receiving a first response at the application service provider indicating a successful credit of the second account maintained by the second financial institution; and sending a notification to the sender from the application service provider 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, 20)
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21. 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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providing a payment application to a sender from an application service provider; receiving a payment authorization from the sender through the payment application, the payment authorization being made by the sender at a payment authorization time; sending a first debit message from the application service provider to debit a first account maintained by a first financial institution based on the payment authorization, the first account being held by the sender; receiving a first debit response at the application service provider 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; generating a first promise-to-pay message for 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, the sender being financially liable for the second account, the first promise-to-pay message being based on the successful debit of the first account maintained by the first financial institution; sending the first promise-to-pay message; receiving a first response at the application service provider indicating a successful credit of the second account maintained by the second financial institution; and sending a notification to the sender from the application service provider 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 (22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40)
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Specification