Automated group payment

• US 7,398,252 B2
• Filed: 10/26/2001
• Issued: 07/08/2008
• Est. Priority Date: 07/11/2000
• Status: Active Grant

• Current Assignee: First Data Corporation (Fiserv Incorporated), Western Union
• Original Assignee: First Data Corporation (Fiserv Incorporated)
• Inventors: Karas, Peter M., Neofytides, Cheryl L., Cowell, James E., Yoder, James R., Golub, Matt F., Baig, Aamer Ali
• Primary Examiner(s): Dass; Harish T.
• Application Number:
  US10/045,633
• Publication Number:
  US 20020152176A1
• Time in Patent Office: 2,447 Days
• Field of Search: 705/64, 705/26, 395/650, 283/58, 364/408
• US Class Current: 705/64
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

According to the invention, a process for transferring credit from a sender to a number of recipients using a wide-area computer network is disclosed. In one step, a server computer system receives information from the sender to transfer credit to the number of recipients. The information includes a unique identifier for each of the number of recipients and a credit amount. A first handler chosen by the sender and a second handler chosen by one of the number of recipients are determined. A credit transfer from the first handler is requested. The credit amount from the first handler is received at the server computer system. The credit amount is sent to the second handler associated with the one of the number of recipients.

Claims

1. A method for transferring credit from a sender to a plurality of recipients using an Internet, the method comprising:

receiving at a server computer system information from a sender to transfer credit to a plurality of recipients, wherein;

the information includes a plurality of credit amounts for the plurality of recipients wherein at least two of the plurality of credit amounts are different amounts, and

a sum of a plurality of credit amounts is related to an aggregate credit amount;

receiving a first choice of a first handler from a group of two or more different types of handlers, the first choice chosen by the sender by interaction with server computer system to select from the two or more different type of handlers;

requesting credit transfer from the first handler;

receiving at the server computer system the aggregate credit amount from the first handler;

receiving two or more choices of two or more second handlers from a group of two or more handlers, the two or more second choices respectively chosen by the plurality of recipients by interaction with server computer system to select from a plurality of different types of handlers; and

sending the plurality of credit amounts to the plurality of second handlers.

2. The method for transferring credit from the sender to the plurality of recipients using the Internet as recited in claim 1, further comprising a step of providing electronic notification from the server computer system to the plurality of recipients by e-mail.

3. The method for transferring credit from the sender to the plurality of recipients using the Internet as recited in claim 2, wherein the electronic notification includes at least one of an instant message and an e-mail message.

4. The method for transferring credit from the sender to the plurality of recipients using the Internet as recited in claim 1, wherein the first listed receiving step comprises receiving a file comprising the information.

5. The method for transferring credit from the sender to the plurality of recipients using the Internet as recited in claim 1, wherein the first handler and two or more second handlers are of different types, wherein the types are chosen to include at least four from a bank, a credit card company, a debit card company, an agent location, a stored value fund, an airline mileage program, a gift certificate issuer, an electronic gift certificate issuer, and a money order issuer.

6. The method for transferring credit from the sender to the plurality of recipients using the Internet as recited in claim 1, wherein the sending step can comprise a sub-step chosen from at least two of the following steps:

sending a credit amount to a bank account of one of the plurality of recipients;

sending the credit amount to a credit card or debit card of the one;

sending the credit amount as a check or money order to the one;

sending the credit amount to a stored value fund of the one;

sending the credit amount to an agent location chosen by the one;

sending a telegram or greeting card with a check or money order to the one; and

sending an electronic greeting card to the one with an electronic payment notification embedded therewith.

7. The method for transferring credit from the sender to the plurality of recipients using the Internet as recited in claim 1, further comprising steps of:

receiving a trigger condition for a stored value fund of the sender; and

automatically transferring credit from the stored value fund of the sender when the trigger condition is satisfied.

8. The method for transferring credit from the sender to the plurality of recipients using the Internet as recited in claim 1, further comprising steps of:

receiving a request for a credit transfer;

evaluating the request against a defined parameter; and

performing the credit transfer from a stored value fund of the sender so long as the request is within the defined parameter.

9. The method for transferring credit from the sender to the plurality of recipients using the Internet as recited in claim 1, delaying the sending step until a future time specified by the sender.

10. A method for transferring credit from a sender to a plurality of recipients using an Internet, the method comprising:

receiving at a server computer system information from a sender to transfer credit to a plurality of recipients, wherein;

the information includes a plurality of credit amounts for the plurality of recipients wherein at least two of the plurality of credit amounts are different amounts, and

a sum of a plurality of credit amounts is related to an aggregate credit amount;

determining a first handler chosen by the sender by interaction with server computer system to select from a plurality of different types of handlers;

requesting credit transfer from the first handler;

receiving at the server computer system the aggregate credit amount from the first handler;

storing an amount related to the aggregate credit amount in a stored value account of the sender;

storing the plurality of credit amounts in a plurality stored value accounts respectively allocated to the plurality of recipients;

determining a plurality of second handlers respectively chosen by the plurality of recipients by interaction with server computer system to select from a plurality of different types of handlers; and

sending the plurality of credit amounts to the plurality of second handlers.

11. The method for transferring credit from the sender to the plurality of recipients using the Internet as recited in claim 10, wherein the first listed receiving step comprises receiving a file comprising the information.

12. The method for transferring credit from the sender to the plurality of recipients using the Internet as recited in claim 10, wherein the first handler and the plurality of second handlers can be different and can be chosen to include at least three of a bank handler, a credit card handler, a debit card handler, an agent location handler, an airline mileage program handler, a gift certificate handler, an electronic gift certificate handler, and a money order handler.

13. The method for transferring credit from the sender to the plurality of recipients using the Internet as recited in claim 10, wherein the sending step comprises a sub-step that can be chosen from at least three of the following step options:

sending a credit amount to a bank account of one of the plurality of recipients;

sending the credit amount to a credit card or debit card of the one;

sending the credit amount as a check or money order to the one;

sending the credit amount to a stored value fund of the one;

sending the credit amount to an agent location chosen by the one;

sending a telegram or greeting card with a check or money order to the one; and

sending an electronic greeting card to the one with an electronic payment notification embedded therewith.

14. The method for transferring credit from the sender to the plurality of recipients using the Internet as recited in claim 10, further comprising steps of:

receiving a trigger condition for the stored value fund of the sender;

automatically transferring credit from the stored value fund of the sender when the trigger condition is satisfied.

15. The method for transferring credit from the sender to the plurality of recipients using the Internet as recited in claim 10, further comprising steps of:

receiving a request for a credit transfer;

evaluating the request against a defined parameter; and

performing the credit transfer from the stored value fund of the sender so long as the request is within the defined parameter.

16. The method for transferring credit from the sender to the plurality of recipients using the Internet as recited in claim 10, delaying the sending step until a future time specified by the sender.

17. A method for transferring credit from a sender to a plurality of recipients using a stored value system accessible through an Internet, the method comprising:

receiving at the stored value system information from a sender to transfer credit to a plurality of recipients, wherein;

the information includes a plurality of credit amounts for the plurality of recipients wherein at least two of the plurality of credit amounts are different amounts, and

a sum of a plurality of credit amounts is related to an aggregate credit amount;

determining a first handler chosen by the sender by online interaction with the stored value system to select from a plurality of different types of handlers;

requesting credit transfer from the first handler;

receiving at the stored value system the aggregate credit amount from the first handler;

storing an amount related to the aggregate credit amount in a stored value account of the sender;

transferring the plurality of credit amounts to a plurality stored value accounts respectively allocated to the plurality of recipients to debit from the amount stored in the stored value account of the sender;

electronically receiving a selection for each of the plurality of recipients handlers to indicate the plurality of second handlers;

determining a plurality of second handlers respectively chosen by the plurality of recipients by prior interaction with stored value system to select from a plurality of different types of handlers; and

sending the plurality of credit amounts to the plurality of second handlers, wherein the plurality of second handlers can be different and are chosen from at least four of a bank handler, a credit card handler, a debit card handler, an agent location handler, an airline mileage program handler, a gift certificate handler, an electronic gift certificate handler, and a money order handler.