Wide area network person-to-person payment

• US 8,024,229 B2
• Filed: 09/30/2008
• Issued: 09/20/2011
• Est. Priority Date: 07/11/2000
• Status: Expired due to Fees

• Current Assignee: Western Union
• Original Assignee: Western Union
• Inventors: Karas, Peter M., Sherrard, Jeff D., Neofytides, Cheryl L., Cowell, James E., Milberger, Susan M., Macfarlane, Jackie M., Golub, Matthew F., Dunker, Amy M., Abrahams, Susan F., Yoder, James R., Platte, Eric L., Baig, Aamer Ali
• Primary Examiner(s): ZURITA, JAMES H
• Application Number:
  US12/241,364
• Publication Number:
  US 20090024523A1
• Time in Patent Office: 1,085 Days
• Field of Search: 705/26, 705/37, 705/27
• US Class Current: 705/26.41
• 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 20/06 Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• 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 20/4014 Identity check for transactions
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0609 Buyer or seller confidence or verification
• CPC Class Codes: G06Q 30/0613 Third-party assisted
• CPC Class Codes: G06Q 30/0641 Shopping interfaces
• 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

According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user (110) in a stored value account on a server computer system (170). At the server computer system (170), a request from the first user (110) to send money to a second user (130) based on the stored value account is received. An electronic notification is sent from the server computer (170) to the second user (130) to notify the second user (130) of the request. A debit in the stored value account of the first user (110) is created. The requested money is sent to the second user (130) upon a receipt of a request at the server computer (170) from the second user (130).

Claims

1. A computer-implementable method for providing a money request service through a computer server of a computer network, comprising steps of:

maintaining a database of e-mail addresses corresponding to individuals having accounts that provide the individuals with functionality offered by the computer server for online management of financial transactions;

receiving from a first individual located at a remote computer an e-mail address of a second individual from whom the first individual wants to request an amount of money;

searching the database of e-mail addresses for the e-mail address of the second individual;

sending an e-mail to the e-mail address of the second individual, to notify the second individual that the first individual is requesting the amount of money, wherein the e-mail, includes a link to the computer server, and wherein if the e-mail address of the second individual is not found in the database of e-mail addresses, then the e-mail further invites the second individual to register for an account with the computer server in order to pay the first individual the amount of money;

receiving authorization from the second individual to pay the amount of money to the first individual; and

completing a payment of the amount of money from the second individual to the first individual.

2. The computer-implementable method for providing the money request service through the computer server of the computer network as recited in claim 1, wherein completing steps comprises steps of:

initiating a transfer of the amount of money from the second individual to a first intermediary hank account using a first money transfer method; and

transferring the amount of money from a second intermediary bank account to the first individual using a second money transfer method.

3. The computer-implementable method for providing the money request service through the computer server of the computer network as recited in claim 1, wherein the e-mail includes a link to a Web page through which the second individual can provide the authorization to pay the amount of money to the first individual.

4. The computer-implementable method for providing the money request service through the computer server of the computer network as recited in claim 1, wherein the e-mail further includes a link that the second individual can follow to register for the account with the computer server, and further comprising providing the second individual with a Web page through which the second individual can authorize payment of the amount of money to the first individual after the second individual has registered for the account.

5. The computer-implementable method for providing the money request service through the computer server of the computer network as recited in claim 1, further comprising receiving from the first individual a message to be included in the e-mail, and wherein sending the e-mail to the e-mail address of the second individual comprises including the message in the e-mail.

6. The computer-implementable method for providing the money request service through the computer server of the computer network as recited in claim 5, further comprising receiving from the first individual a subject for the e-mail, and wherein, sending the e-mail to the e-mail address of the second individual comprises including the subject in a subject line of the e-mail.

7. The computer-implementable method for providing the money request service through the computer server of the computer network as recited in claim 1, wherein receiving from the first individual located at the remote computer the e-mail address of the second individual from whom the first individual wants to request the amount of money comprises:

providing the first individual with an online e-mail address book; and

receiving a selection of the e-mail address of the second individual from the online e-mail address book.

8. The computer-implementable method for providing the money request service through the computer server of the computer network as recited in claim 1, wherein the remote computer at which the first individual is located comprises a wireless device for accessing the computer network.

9. The computer-implementable method for providing the money request service through the computer server of the computer network as recited in claim 1, further comprising steps of:

receiving a trigger condition for a stored value account of the first individual;

automatically transferring credit from the stored value account of the first individual when the trigger condition is satisfied.

10. The computer-implementable method for providing the money request service through the computer server of the computer network as recited in claim 9, wherein the trigger condition is selected from the following:

a credit balance in the stored value account exceeding a specified amount; and

a period of time expiring.

11. A computer-readable medium having embodied in a physical storage device having stored thereon computer-executable instructions that when executed by a computer perform the steps of:

maintaining a database of e-mail addresses corresponding to individuals having accounts that provide the individuals with functionality offered by the computer server for online management of financial transactions;

receiving from a first individual located at a remote computer an e-mail address of a second individual from whom the first individual wants to request an amount of money;

searching the database of e-mail addresses for the e-mail address of the second individual;

sending an e-mail to the e-mail address of the second individual to notify the second individual that the first individual is requesting the amount of money, wherein the e-mail includes a link to the computer server, and wherein if the e-mail address of the second individual is not found in the database of e-mail addresses, then the e-mail further invites the second individual to register for an account with the computer server in order to pay the first individual the amount of money;

receiving authorization from the second individual to pay the amount of money to the first individual; and

completing a payment of the amount of money from the second individual to the first individual.

12. A computer system comprising a server computer, said server computer having:

a processor;

an area of main memory for executing program code under the direction of said processor;

a storage device for storing data and program code; and

a bus connecting said processor, main memory, and said storage device;

the program code being stored in said storage device and executing in said main memory under the direction of said processor, to perform the steps of;

maintaining a database of e-mail addresses corresponding to individuals having accounts that provide the individuals with functionality offered by the computer server for online management of financial transactions;

receiving from a first individual located at a remote computer an e-mail address of a second individual from whom the first individual wants to request an amount of money;

searching the database of e-mail addresses for the e-mail address of the second individual;

sending an e-mail to the e-mail address of the second individual to notify the second individual that the first individual is requesting the amount of money wherein the e-mail includes a link to the computer server, and wherein if the e-mail address of the second individual is not found in the database of e-mail addresses, then the e-mail further invites the second individual to register for an account with the computer server in order to pay the first individual the amount of money;

receiving authorization from the second individual to pay the amount of money to the first individual; and

completing a payment of the amount of money from the second individual to the first individual.