Multi currency exchanges between participants
First Claim
Patent Images
1. A method comprising:
- providing options to a user to select a currency in which to make a payment from an account of the user, the options including a primary currency of the account of the user and a currency of a recipient, the primary currency of the account of the user and the currency of the recipient being different;
receiving an indication of the selected currency in which to make the payment from the account of the user;
determining, using a processor of a machine, whether the selected currency is the primary currency of the account of the user or the currency of the recipient;
based on the selected currency being the currency of the recipient;
causing conversion information to be presented to the user along with a request to confirm the payment in the currency of the recipient, andreceiving confirmation from the user to proceed with the payment in the currency of the recipient, andfunding the payment from the account of the user to the recipient in the selected currency, the funding comprising causing conversion of the payment to the selected currency using a current exchange rate, prior to an expiration time of the current exchange rate, based on the selected currency being the currency of the recipient.
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Abstract
A method and apparatus for facilitating payment transactions in multiple currencies between participants is provided. In one embodiment, an option is provided to a user to select a currency in which to make a payment. An indication of the selected currency in which to make the payment is received. A determination is made as to whether the selected currency is a primary currency of an account of the user. Based on the selected currency being different from the primary currency of the account of the user, the payment is converted to the selected currency.
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Citations
18 Claims
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1. A method comprising:
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providing options to a user to select a currency in which to make a payment from an account of the user, the options including a primary currency of the account of the user and a currency of a recipient, the primary currency of the account of the user and the currency of the recipient being different; receiving an indication of the selected currency in which to make the payment from the account of the user; determining, using a processor of a machine, whether the selected currency is the primary currency of the account of the user or the currency of the recipient; based on the selected currency being the currency of the recipient; causing conversion information to be presented to the user along with a request to confirm the payment in the currency of the recipient, and receiving confirmation from the user to proceed with the payment in the currency of the recipient, and funding the payment from the account of the user to the recipient in the selected currency, the funding comprising causing conversion of the payment to the selected currency using a current exchange rate, prior to an expiration time of the current exchange rate, based on the selected currency being the currency of the recipient. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A system comprising:
at least one processor configured to provide options to a user to select a currency in which to make a payment from an account of the user, the options including a primary currency of the account of the user and a currency of a recipient, the primary currency of the account of the user and the currency of the recipient being different; receive an indication of the selected currency in which to make the payment from the account of the user; determine whether the selected currency is the primary currency of an account of the user or the currency of the recipient; and based on the selected currency being the currency of the recipient; cause conversion information to be presented to the user along with a request to confirm the payment in the currency of the recipient, and receive confirmation from the user to proceed with the payment in the currency of the recipient, and fund the payment from the account of the user to the recipient in the selected currency, the payment being funded by causing conversion of the payment to the selected currency using a current exchange rate, prior to an expiration time of the current exchange rate, based on the selected currency being the currency of the recipient.
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13. A tangible machine-readable storage medium in communication with at least one processor, the tangible machine-readable storage medium storing instructions which, when executed by the at least one processor of a machine, cause the machine to perform operations comprising:
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providing options to a user to select a currency in which to make a payment from an account of the user, the options including a primary currency of the account of the user and a currency of a recipient, the primary currency of the account of the user and the currency of the recipient being different; receiving an indication of the selected currency in which to make the payment from the account of the user; determining whether the selected currency is the primary currency of the account of the user or the currency of the recipient; and based on the selected currency being the currency of the recipient; causing conversion information to be presented to the user along with a request to confirm the payment in the currency of the recipient, and receiving confirmation from the user to proceed with the payment in the currency of the recipient, and funding the payment from the account of the user to the recipient in the selected currency, the funding comprising causing conversion of the payment to the selected currency using a current exchange rate, prior to an expiration time of the current exchange rate, based on the selected currency being the currency of the recipient. - View Dependent Claims (14, 15, 16, 17, 18)
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Specification