Alias management and value transfer claim processing

• US 8,336,088 B2
• Filed: 02/24/2011
• Issued: 12/18/2012
• Est. Priority Date: 04/19/2010
• Status: Active Grant

• Current Assignee: Visa International Service Association (Visa, Inc.)
• Original Assignee: Visa International Service Association (Visa, Inc.)
• Inventors: Raj, Thanigaivel Ashwin, Fuentes, Jacob Saul, Tullis, John, Shastry, Vishwanath
• Primary Examiner(s): Abrishamkar, Kaveh
• Application Number:
  US13/034,449
• Publication Number:
  US 20110258686A1
• Time in Patent Office: 663 Days
• Field of Search: None
• US Class Current: 726/6
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

An alias management and value transfer claim processing system is disclosed. A sending entity initiates value transfer identifying a recipient entity using an alias that is unregistered with the system. The value transfer is authorized, but not settled until the recipient entity registers with the system and claims the value transfer. The registered alias can be used for subsequent value transfers.

Claims

1. A method comprising:

receiving, by a payment processing network server computer, a value transfer request message from a sending entity, the value transfer request message comprising a recipient entity alias, a transfer amount, and a sending entity identifier;

determining, by the payment processing network server computer, that the recipient entity alias is not registered with the payment processing network server computer; and

sending, by the payment processing network server computer, a registration request message to a recipient entity associated with the recipient entity alias requesting the recipient entity to register with the payment processing network server computer; and

sending, by the payment processing network server computer, a hold message, to a sending entity issuer associated with the sending entity identifier, to reserve at least the transfer amount from a sending entity source account identified by the sending entity identifier.

2. The method of claim 1, further comprising upon receiving a response message from the recipient entity, performing the operations of:

sending a debit message to the sending entity issuer to debit at least the transfer amount from the sending entity source account; and

sending a credit message to a recipient entity issuer to credit the transfer amount to a recipient entity destination account.

3. The method of claim 1, wherein the transfer amount is held in the sending entity source account.

4. The method of claim 1, wherein the transfer amount is held in an escrow account.

5. The method of claim 1 further comprising removing the reservation on the funds from the sending entity account if no response message from the recipient entity is received by a pre-determined amount of time.

6. The method of claim 1 further comprising:

receiving, by the payment processing network server computer, a response message from the recipient entity, the response message including information to be used for registering the recipient entity.

7. The method of claim 1, wherein the recipient entity alias is an email address and the recipient entity is contacted via the recipient entity alias.

8. The method of claim 1, wherein the recipient entity alias is a phone number and the recipient entity is contacted via the recipient entity alias.

9. The method of claim 1, wherein the sending entity issuer and a recipient entity issuer are derived from the sending entity identifier and the recipient entity alias, respectively.

10. The method of claim 2, wherein the debit message is an account funding transaction message and the credit message is an original credit transaction message.

11. The method of claim 1, further comprising upon receiving a response message from the recipient entity performing velocity amount and anti-money laundering checks on the recipient entity and a sending entity identified by the sending entity identifier.

12. A non-transitory computer readable medium comprising code that when executed by a processor performs the method of claim 1.

13. A method comprising

sending, by a sending entity server computer, a value transfer request message to a payment processing network server computer, the value transfer request message comprising a recipient entity alias, a transfer amount, and a sending entity identifier, wherein (a) the recipient entity alias is associated with a recipient entity and (b) the sending entity identifier is associated with a sending entity;

receiving, by the sending entity server computer, a message indicating that the recipient entity alias is not registered;

sending, by the sending entity server computer, an approval message to the payment processing network server computer, the approval message indicating an approval for a value transfer to an unregistered alias; and

receiving, by the sending entity server computer, a value transfer confirmation message confirming that a registration request message was sent to a recipient entity and a hold message was sent to a sending entity issuer to reserve at least the transfer amount from a sending entity source account identified by the sending entity identifier.

14. The method of claim 13, further comprising receiving a completion message confirming the debit of at least the transfer amount from the sending entity source account and the credit of the transfer amount to a recipient entity destination account.

15. A system comprising

a processor;

and

a computer-readable medium coupled to the processor, the computer readable medium comprising code executable by the processor for implementing a method comprising;

receiving a value transfer request message comprising a recipient entity alias, a transfer amount, and a sending entity identifier;

determining if the recipient entity alias is registered;

if the recipient entity alias is not registered, sending a registration request message to a recipient entity and sending a message to a sending entity issuer to reserve at least the transfer amount from a sending entity source account identified by the sending entity identifier, and upon receiving a response message from the recipient entity, performing the operations of;

sending a debit message to the sending entity issuer to debit at least the transfer amount from the sending entity source account; and

sending a credit message to a recipient entity issuer to credit the transfer amount to a recipient entity destination account.

16. The system of claim 15, wherein the transfer amount is held in the sending entity source account.

17. The system of claim 15, wherein the transfer amount is held in an escrow account.

18. The system of claim 15 further comprising reversing the reservation on the funds from the sending entity account if no response message from the recipient entity is received within a pre-determined amount of time.

19. The system of claim 15, wherein the debit message is an account funding transaction message and the credit message is an original credit transaction message.

20. The system of claim 15, wherein the response message comprises information that registers the recipient entity.