Internet-based money order system

• US 7,870,068 B2
• Filed: 08/25/2008
• Issued: 01/11/2011
• Est. Priority Date: 05/10/1999
• Status: Expired due to Fees

• Current Assignee: Cybersource Corporation (Visa, Inc.), Western Union
• Original Assignee: Western Union
• Inventors: Chin, Stephen
• Primary Examiner(s): Colbert; Ella
• Application Number:
  US12/197,417
• Publication Number:
  US 20090055287A1
• Time in Patent Office: 869 Days
• Field of Search: 705 16- 18, 705/26, 705/27, 705 30- 33, 705 35- 42, 705/44, 709/228, 709/229, 235379-381
• US Class Current: 705/39
• 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 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 30/0613 Third-party assisted
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A system and method for purchasing a money order via the internet including the steps of providing an internet based money order system capable of generating money orders upon the receipt of a purchase request by a prospective buyer via the internet for a predetermined amount of funds. The prospective buyer transmits information to the money order system. via the internet, which information is required to purchase the money order. The money order is then remotely generated by the money order system and is delivered to an intended recipient of the money order.

Claims

1. A system participating in an auction and paying with a money order that is backed by a third party, the system comprising:

a server configured to conduct an Internet-based auction via a web site, said server further configured to cause to be displayed, via said web site, a money order request selection selectable by a bidder that participated in an auction conducted via said web site; and

a money order sub-system that is accessed via said web site upon selection by the bidder of said money order request selection, said money order sub-system configured for processing a money order request, said processing comprising;

requesting funds for a money order transaction upon receipt of a money order request;

upon confirmation of receipt of the requested funds, instructing a money order dispensing apparatus to print a money order that is backed by someone other than the bidder; and

confirming to the bidder that the money order request has been fulfilled with an automatically-generated electronic message.

2. A system participating in an auction and paying with a money order that is backed by a third party according to claim 1 wherein said money order sub-system comprises a money order server configured to communicate with said auction server, and a processor, said money order server coupled to said processor.

3. A system participating in an auction and paying with a money order that is backed by a third party according to claim 2 wherein said processor is programmed to request funds for a money order transaction upon receipt of a money order request by transmitting credit card information to a billing server.

4. A system participating in an auction and paying with a money order that is backed by a third party according to claim 2 wherein said money order server is further configured to communicate with a seller to confirm that a money order has been authorized.

5. A system participating in an auction and paying with a money order that is backed by a third party according to claim 2 wherein said money order sub-system further comprises a database coupled to said processor, said database comprising data for submitting an electronic funds transfer request and data for money order authorizations.