Systems and methods for making payments from selected funding sources

• US 8,255,303 B2
• Filed: 07/21/2008
• Issued: 08/28/2012
• Est. Priority Date: 07/21/2008
• Status: Active Grant

• Current Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Original Assignee: eBay Inc.
• Inventors: Scipioni, Germán
• Primary Examiner(s): Maguire, Lindsay M.
• Application Number:
  US12/176,978
• Publication Number:
  US 20100017302A1
• Time in Patent Office: 1,499 Days
• Field of Search: 705/35, 705/41, 705/44
• US Class Current: 705/35
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/1085 involving automatic teller machines [ATMs]
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping 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 20/4014 Identity check for transactions
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

Systems and methods for operating a payment service provider include storing information associating the identity of a buyer with a plurality of the buyer'"'"'s payment source accounts and a plurality of personal identity numbers (PINs) respectively associated therewith in a database of the payment service provider. Upon receipt of an authorization from the buyer that includes a specified payment amount and the associated PIN of the selected buyer'"'"'s account from which the payment is to be made, a transaction device of the service provider is operable to effect a transfer of the specified payment amount from the selected buyer'"'"'s account to the designated seller'"'"'s account.

Claims

1. A method for operating a payment service provider, the method comprising:

providing a server having at least one processor; and

using the at least one processor to perform a method comprising;

associating the identity of a buyer with each of a plurality of payment source accounts of the buyer to form a corresponding plurality of buyer-identity/buyer'"'"'s-payment-source-account associations;

assigning a unique number to each of the associations;

storing the associations and their corresponding unique numbers in a database of the payment service provider;

receiving an authorization from the buyer to make a payment from a selected one of the buyer'"'"'s payment source accounts to a designated seller'"'"'s payment depository account, the authorization including a specified payment amount and the unique number associated with the selected buyer'"'"'s payment source account from which the buyer desires the payment to be made; and

effecting a transfer of the specified payment amount from the selected buyer'"'"'s payment source account to the designated seller'"'"'s account.

2. The method of claim 1, further comprising using the at least one processor for verifying the buyer'"'"'s identity before effecting the transfer.

3. The method of claim 2, further comprising using the at least one processor for transmitting a message to the buyer, the seller or both the buyer and the seller that the buyer'"'"'s identity cannot be verified.

4. The method of claim 2, wherein the verifying comprises:

receiving a password of the buyer from a transaction device of the buyer or a transaction device of the seller; and

verifying the identity of the buyer using the password.

5. The method of claim 1, further comprising using the at least one processor for determining whether the selected buyer'"'"'s payment account has sufficient funds to effect the transfer of the specified payment amount before effecting the transfer.

6. The method of claim 5, further comprising using the at least one processor for transmitting a message to the buyer, the seller or both the buyer and the seller that there are insufficient funds in the selected seller'"'"'s payment source account.

7. The method of claim 6, further comprising:

using the at least one processor for;

receiving a second authorization from the buyer to make the payment from another one of the buyer'"'"'s payment source accounts to the designated seller'"'"'s payment depository account, the second authorization including the associated unique number of the buyer'"'"'s other account from which the payment is to be made; and

,

effecting a transfer of the specified payment amount to the designated seller'"'"'s account from one or both of the buyer'"'"'s other account and/or the selected buyer'"'"'s account.

8. The method of claim 1, wherein the identity of the designated seller'"'"'s payment depository account is provided by a transaction device of the seller or a transaction device of the buyer.

9. The method of claim 1, wherein the transfer of the specified payment amount is effected by the payment service provider electronically through a payment clearing device and an associated electronic funds transfer (EFT) network.

10. The method of claim 1, wherein the authorization is received from a transaction device of the buyer or a transaction device of the seller.

11. The method of claim 1, wherein:

the designated seller'"'"'s payment depository account comprises a postal or e-mail address of the seller, and

the effecting comprises transmitting a check to the postal or e-mail address of the seller.

12. The method of claim 1, further comprising using the at least one processor for sending a message to the buyer, the seller or both the buyer and the seller Confirming that the specified payment amount has been successfully transferred from the selected buyer'"'"'s account to the designated seller'"'"'s account.

13. The method of claim 1, further comprising using the at least one processor for sending a message to the buyer, the seller or both the buyer and the seller advising that the specified payment amount was not successfully transferred from the selected buyer'"'"'s account to the designated seller'"'"'s account.

14. The method of claim 1, further comprising using the at least one processor for storing details of the requesting and effecting in a database of the service provider.

15. The method of claim 1, wherein:

the buyer'"'"'s selected payment source account and the designated seller'"'"'s payment depository account are both established at the service provider, and

the effecting comprises executing an internal electronic transfer of the payment amount from the buyer'"'"'s selected payment source account to the sellers payment depository account.

16. A non-transitory machine-readable medium comprising a plurality of machine-readable instructions which, when executed by one or more processors of a server, are adapted to cause the server to perform a method comprising:

associating the identity of a buyer with each of a plurality of payment source accounts of the buyer to form a corresponding plurality of buyer-identity/buyer'"'"'s-payment-source-account associations;

assigning a unique number to each of the associations;

storing the associations and their corresponding unique numbers in a database of a payment service provider;

receiving an authorization from the buyer to make a payment from a selected one of the buyer'"'"'s payment source accounts to a designated seller'"'"'s payment depository account, the authorization including a specified payment amount and the unique number associated with the selected buyer'"'"'s payment source account from which the buyer desires the payment to be made; and

effecting a transfer of the specified payment amount from the selected buyer'"'"'s payment source account to the designated seller'"'"'s account.

17. The non-transitory machine-readable medium of claim 16, wherein the method further comprises verifying the buyer'"'"'s identity before effecting the transfer.

18. The non-transitory machine-readable medium of claim 16, wherein the method further comprises determining whether the selected buyer'"'"'s payment account has sufficient funds to effect the transfer of the specified payment amount before effecting the transfer.

19. The non-transitory machine-readable medium of claim 16, wherein the identity of the designated seller'"'"'s payment depository account is provided by a transaction device of the seller or a transaction device of the buyer.

20. The non-transitory machine-readable medium of claim 16, wherein the transfer of the specified payment amount is effected by the payment service provider electronically through a payment clearing device and an associated electronic funds transfer (EFT) network.