Conducting commerce between individuals
First Claim
1. A method for facilitating a transaction between a first individual having a first payment card and a second individual having a second payment card, the method comprising:
- receiving over a network at a transaction server information regarding a first account associated with said first payment card, information regarding a second account associated with said second payment card, and information identifying a payment amount;
receiving, at said transaction server, information concerning said first individual, said first individual not being a qualified merchant to accept payments;
establishing, at said transaction server, a transaction record for said transaction, said transaction record including said payment amount, said first account to be credited by said payment amount, and said second account to be debited by a debit amount;
presenting, by said transaction server, a set of payment rules to said first individual, said set of payment rules stating terms under which payment may be credited to said first account associated with said first payment card from said second account associated with said second payment card;
receiving at said transaction server, an indication of agreement to said set of payment rules from said first individual;
debiting said second account by having said transaction server send a debit message to a financial network;
directly crediting said first account by said payment amount, by having said transaction server send a credit message to said financial network, whereby said first individual is allowed to receive payment to said first account from said second individual using said second account; and
performing risk analysis by said transaction server upon said first account using said first account information and said first individual information, and reaching a positive result allowing said steps of debiting and crediting to occur.
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Accused Products
Abstract
Receiving payment includes the establishment, at a first server, a transaction record including information identifying a payment amount, a first account to be credited by the payment amount, and a second account to be debited by a debit amount. A financial authorization network performs an authorization analysis on at least the second account. The second account is debited if the authorization analysis is successfully completed, and the first account is directly credited by the payment amount to conclude the transaction. Risk analysis may be performed for each individual. Payment is integrated with shipping.
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Citations
35 Claims
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1. A method for facilitating a transaction between a first individual having a first payment card and a second individual having a second payment card, the method comprising:
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receiving over a network at a transaction server information regarding a first account associated with said first payment card, information regarding a second account associated with said second payment card, and information identifying a payment amount; receiving, at said transaction server, information concerning said first individual, said first individual not being a qualified merchant to accept payments; establishing, at said transaction server, a transaction record for said transaction, said transaction record including said payment amount, said first account to be credited by said payment amount, and said second account to be debited by a debit amount; presenting, by said transaction server, a set of payment rules to said first individual, said set of payment rules stating terms under which payment may be credited to said first account associated with said first payment card from said second account associated with said second payment card; receiving at said transaction server, an indication of agreement to said set of payment rules from said first individual; debiting said second account by having said transaction server send a debit message to a financial network; directly crediting said first account by said payment amount, by having said transaction server send a credit message to said financial network, whereby said first individual is allowed to receive payment to said first account from said second individual using said second account; and performing risk analysis by said transaction server upon said first account using said first account information and said first individual information, and reaching a positive result allowing said steps of debiting and crediting to occur. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A method for sending money from a second individual to a first individual using a transaction server, said method comprising:
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receiving a request from said second individual to send money to said first individual identified by contact information, said first individual not being a qualified merchant to accept payments; receiving, by a transaction server, from said second individual an indication of an amount to send and account information identifying a second account associated with said second individual; sending a confirmation message to said first individual using said contact information, said confirmation message being sent by said transaction server regarding said sending of money from said second individual to said first individual, said confirmation message being sent before said sending of money; receiving, by said transaction server, from said first individual account information regarding a first account associated with said first individual and information concerning said first individual; presenting, by said transaction server, a set of payment rules to said first individual regarding terms under which payment may be credited to said first account from said second account; receiving, from said first individual, an indication of agreement to said set of payment rules at said transaction server; directing, by said transaction server, that said second account associated with said second individual be debited by said amount; directing, by said transaction server, that said first account associated with said first individual be credited by said amount, whereby said first individual is allowed to receive payment to said first account from said second individual using said second account; and performing risk analysis by said transaction server upon said first account using said first account information and said first individual information, and reaching a positive result allowing said steps of debiting and crediting to occur. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19)
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20. A method for requesting money by a first individual of a second individual using a transaction server, said method comprising:
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receiving, at a transaction server, a request from said first individual to request money of said second individual identified by contact information, said first individual not being a qualified merchant to accept payments; receiving, at a transaction server, from said first individual an indication of an amount to request, account information regarding a first account associated with said first individual and information concerning said first individual; presenting, by said transaction server, a set of payment rules to said first individual regarding terms under which payment may be credited to said first account from said second account; receiving, from said first individual, an indication of agreement to said set of payment rules at said transaction server; sending a confirmation message to said second individual using said contact information, said confirmation message being sent by said transaction server regarding said requesting of money by said first individual of said second individual, said confirmation message being sent before said money is sent; receiving, at a transaction server, from said second individual account information identifying a second account associated with said second individual; directing, by said transaction server, that said second account associated with said second individual be debited by said amount; directing, by said transaction server, that said first account associated with said first individual be credited by said amount, whereby said first individual is allowed to receive payment to said first account from said second individual using said second account; and performing risk analysis by said transaction server upon said first account using said first account information and said first individual information, and reaching a positive result allowing said steps of debiting and crediting to occur. - View Dependent Claims (21, 22, 23, 24, 25, 26, 27, 28)
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29. A method for transferring funds between a first individual and a second individual, the method comprising:
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receiving over a network at a transaction server information from said first individual regarding a first individual'"'"'s account, information concerning said first individual, information from said second individual identifying a second individual'"'"'s account, and a payment amount to be transferred from said second individual to said first individual; presenting, by said transaction server, a set of payment rules to said first individual regarding terms under which payment may be credited to said first account from said second account, said first individual not being a qualified merchant to accept payments; receiving, by said transaction server, an indication of agreement to said set of payment rules from said first individual; identifying a first payment card account associated with said first account; identifying a second payment card account associated with said second account; directing, by said transaction server, that said second individual'"'"'s second payment card account be debited by said payment amount; directing, by said transaction server, that said first individual'"'"'s first payment card account be credited, whereby said first individual is allowed to receive payment to said first payment card account from said second individual using said second payment card account of said second individual; and performing risk analysis by said transaction server upon said first account using said first account information and said first individual information, and reaching a positive result allowing said steps of debiting and crediting to occur. - View Dependent Claims (30, 31, 32, 33, 34, 35)
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Specification