Payment application framework
First Claim
Patent Images
1. A method comprising:
- receiving a request at a payment facilitator, the request associated with one or more payment transactions to transfer funds from a sender to a plurality of receiving parties;
processing the request to establish the one or more payment transactions;
initiating, using one or more processors, a single transfer of the funds from an account of the sender to an account of a primary receiving party of the plurality of receiving parties; and
transferring a first portion of the funds that were received from the account of the sender from the account of the primary receiving party to at least one account of a secondary receiving party of the plurality of receiving parties based solely on details within the request, a second portion resulting from the transferring of the first portion of the funds remaining in the account of the primary receiving party as payment to the primary receiving party.
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Abstract
Embodiments of the present invention provide a payment application framework. In an example embodiment, a request at a payment facilitator is received. The request is for a split payment to a plurality of receiving parties. The request is processed to establish one or more payment transactions. A single transfer of funds is sent from an account of a sender to at least one account of a receiving party of the plurality of receiving parties.
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Citations
22 Claims
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1. A method comprising:
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receiving a request at a payment facilitator, the request associated with one or more payment transactions to transfer funds from a sender to a plurality of receiving parties; processing the request to establish the one or more payment transactions; initiating, using one or more processors, a single transfer of the funds from an account of the sender to an account of a primary receiving party of the plurality of receiving parties; and transferring a first portion of the funds that were received from the account of the sender from the account of the primary receiving party to at least one account of a secondary receiving party of the plurality of receiving parties based solely on details within the request, a second portion resulting from the transferring of the first portion of the funds remaining in the account of the primary receiving party as payment to the primary receiving party. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A non-transitory machine-readable storage medium in communication with at least one processor, the machine-readable storage medium storing instructions which, when executed by the at least one processor causes the processor to perform operations comprising:
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receiving a request at a payment facilitator, the request associated with one or more payment transactions to transfer funds from a sender to a plurality of receiving parties; processing the request to establish the one or more payment transactions; initiating a single transfer of the funds from an account of the sender to an account of a primary receiving party of the plurality of receiving parties; and transferring a first portion of the funds that were received from the account of the sender from the account of the primary receiving party to at least one account of a secondary receiving party of the plurality of receiving parties based solely on details within the request, a second portion resulting from the transferring of the first portion of the funds remaining in the account of the primary receiving party as payment to the primary receiving party. - View Dependent Claims (12, 13, 14)
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15. A method comprising:
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receiving a transfer of funds, from an account of a sender, into an account of a primary receiving party of a plurality of receiving parties based on a pay request, the transfer of funds in connection with at least one transaction of the pay request and to be split among the plurality of receiving parties; and automatically transferring, using one or more processors, a first portion of the transferred funds that were received from the account of the sender from the account of the primary receiving party to respective accounts of one or more secondary receiving parties of the plurality of receiving parties based solely on details within the pay request, a second portion resulting from the transferring of the first portion of the funds remaining in the account of the primary receiving party as payment to the primary receiving party. - View Dependent Claims (16, 17, 18, 19, 20, 21)
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22. A non-transitory machine-readable storage medium in communication with at least one processor, the 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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receiving a transfer of funds, from an account of a sender, into an account of a primary receiving party of a plurality of receiving parties based on a pay request, the transfer of funds in connection with at least one transaction of the pay request and to be split among the plurality of receiving parties; and automatically transferring a first portion of the transferred funds that were received from the account of the sender from the account of the primary receiving party to respective accounts of one or more secondary receiving parties of the plurality of receiving parties based solely on details within the pay request, a second portion resulting from the transferring of the first portion of the funds remaining in the account of the primary receiving party as payment to the primary receiving party.
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Specification