Online incremental payment method
First Claim
1. A system for transferring funds between a payor and a payee, the system comprising:
- a host computer system; and
a computer readable storage medium having encoded thereon at least one computer-readable program including one or more computer-executable instructions executed on the host computer system, wherein the instructions cause the host computer to;
receive information from the payor identifying a first plurality of payment sources configured by the payor as possible source accounts;
receive information from the payee identifying acceptable types of source accounts;
cull the first plurality of payment sources based at least in part on the acceptable types of source accounts;
transmit the culled first plurality of payment sources to the payor for selection by the payor of a source account;
receive information from the payor for debiting the source account, wherein the information comprises payor personal information including information regarding the source account and information regarding online transaction data including a total amount of the online transaction, and wherein the payor personal information is not exposed to the payee;
transmit to the payee an authorization to request debits from the payor, wherein a total of all debit requests does not exceed the total amount for the online transaction;
receive a first request from the payee to debit the payor a first portion of the total amount for the online transaction;
in response to the first request from the payee, initiate a first debit from the source account to a bank account associated with the payee for the first portion of the amount;
receive a second request from the payee to debit the payor a second portion of the total amount for the online transaction; and
in response to the second request from the payee, initiate a second debit from the source account to the bank account associated with the payee for the second portion of the amount.
8 Assignments
0 Petitions
Accused Products
Abstract
According to the invention, a process for transferring funds between a payor and a payee in an online transaction is disclosed. In one step, information is received from the payor for debiting a bank account associated with the payor. Authorization is transmitted to the payee to request debits from the payor. The total of all debit requests does not exceed an amount that is authorized. A first request is received from the payee to debit the customer a first portion of the amount. A first debit is initiated from the bank account for the first portion of the amount. A second request is received from the payee to debit the payor a second portion of the amount. A second debit is initiated from the bank account for the second portion of the amount.
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Citations
18 Claims
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1. A system for transferring funds between a payor and a payee, the system comprising:
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a host computer system; and a computer readable storage medium having encoded thereon at least one computer-readable program including one or more computer-executable instructions executed on the host computer system, wherein the instructions cause the host computer to; receive information from the payor identifying a first plurality of payment sources configured by the payor as possible source accounts; receive information from the payee identifying acceptable types of source accounts; cull the first plurality of payment sources based at least in part on the acceptable types of source accounts; transmit the culled first plurality of payment sources to the payor for selection by the payor of a source account; receive information from the payor for debiting the source account, wherein the information comprises payor personal information including information regarding the source account and information regarding online transaction data including a total amount of the online transaction, and wherein the payor personal information is not exposed to the payee; transmit to the payee an authorization to request debits from the payor, wherein a total of all debit requests does not exceed the total amount for the online transaction; receive a first request from the payee to debit the payor a first portion of the total amount for the online transaction; in response to the first request from the payee, initiate a first debit from the source account to a bank account associated with the payee for the first portion of the amount; receive a second request from the payee to debit the payor a second portion of the total amount for the online transaction; and in response to the second request from the payee, initiate a second debit from the source account to the bank account associated with the payee for the second portion of the amount. - View Dependent Claims (2, 3, 4, 5)
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6. A system for transferring funds between a first party and a second party, the system comprising:
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a host computer system; and a computer readable storage medium having encoded thereon at least one computer-readable program including one or more computer-executable instructions executed on the host computer system, wherein the computer-executable instructions cause the host computer to; receive purchase information from the second party that includes a total amount; receive purchaser information from the first party that includes the total amount; validate the purchaser information by comparing it at least in part to the received purchase information; send, to the second party, a digital IOU; receive, from the second party, the digital IOU; validate the digital IOU; receive a plurality of requests from the second party to debit a bank account associated with the first party; and in response to the plurality of requests from the second party, initiate a plurality of debits from the bank account. - View Dependent Claims (7, 8, 9, 10)
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11. A system for transferring funds between a first party and a second party, the system comprising:
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a host computer system; and a computer readable storage medium having encoded thereon at least one computer-readable program including one or more computer-executable instructions executed on the host computer system, wherein the computer-executable instructions cause the host computer to; receive information from the first party identifying a first plurality of payment sources configured by the first party as possible source accounts; receive information from the second party identifying acceptable types of source accounts; culling the first plurality of payment sources based at least in part on the acceptable types of source accounts; and transmitting the culled first plurality of payment sources to the first party for selection by the first party of a source account; receive information from the first party for debiting the source account, wherein the information comprises personal information including information regarding the source account and information regarding online transaction data including a total amount of the online transaction, and wherein the personal information is not exposed to the second party; transmit to the second party an authorization to request debits from the source account, wherein a total of all debit requests does not exceed the total amount; receive a plurality of requests from the second party to debit the source account; and in response to the plurality of requests from the second party, initiate a plurality of debits from the source account. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18)
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Specification