Virtual check
First Claim
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1. A method comprising:
- receiving, from a mobile device comprising a position sensor and associated with a payor, information for a virtual check created in real-time in the mobile device associated with the payor, the information including an amount of the virtual check and a location indicating where the virtual check was created or sent from;
associating the amount of the virtual check and the location with information associated with the payor stored at a computing system;
determining, by the computing system, whether there are sufficient funds to cover the amount of the virtual check; and
placing, by the computing system, funds in the amount of the virtual check in reserve when the funds are sufficient to cover the amount of the virtual check.
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Abstract
Methods and systems for virtual checking are described. In some embodiments, information for a virtual check created in a mobile device associated with a payor can be received from the mobile device. The information may include an amount of the virtual check. A computer system may determine whether there are sufficient funds to cover the amount of the virtual check and may place the funds in the amount of the virtual check in reserve when the funds are sufficient to cover the amount of the virtual check.
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Citations
20 Claims
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1. A method comprising:
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receiving, from a mobile device comprising a position sensor and associated with a payor, information for a virtual check created in real-time in the mobile device associated with the payor, the information including an amount of the virtual check and a location indicating where the virtual check was created or sent from; associating the amount of the virtual check and the location with information associated with the payor stored at a computing system; determining, by the computing system, whether there are sufficient funds to cover the amount of the virtual check; and placing, by the computing system, funds in the amount of the virtual check in reserve when the funds are sufficient to cover the amount of the virtual check. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A non-transitory, computer-readable medium having computer-readable instructions that, when executed by one or more computer processors, direct the one or more computer processors to:
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receive, from a mobile device comprising a position sensor and associated with a payor, information for a virtual check created in real-time in the mobile device associated with the payor, the information including an amount of the virtual check and a location indicating where the virtual check was created or sent from; associate the amount of the virtual check and the location with information associated with the payor stored at a computing system; determine whether there are sufficient funds to cover the amount of the virtual check; and place funds in the amount of the virtual check in reserve when the funds are sufficient to cover the amount of the virtual check. - View Dependent Claims (10, 11, 12, 13, 14, 15)
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16. A system comprising:
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a memory containing machine-readable instructions; and a computer processor in communication with the memory and configured to execute the machine-readable instructions to; receive, from a mobile device comprising a position sensor and associated with a payor, information for a virtual check created in real-time in the mobile device associated with the payor, the information including an amount of the virtual check and a location indicating where the virtual check was created or sent from; associate the amount of the virtual check and the location with information associated with the payor stored at a computing system; determine whether there are sufficient funds to cover the amount of the virtual check; and place funds in the amount of the virtual check in reserve when the funds are sufficient to cover the amount of the virtual check. - View Dependent Claims (17, 18, 19, 20)
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Specification