Method and apparatus for funds and credit line transfers
First Claim
Patent Images
1. A system for transferring financial tender between credit card accounts, comprising:
- means for identifying a transferor and a transferee credit card account;
means for identifying a financial tender value to be transferred from said transferor credit card account to said transferee credit card account; and
means for initiating the transfer of said financial tender value from said transferor credit card account to said transferee credit card account, wherein said transferor credit card account and said transferee credit card account are separately assigned.
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Accused Products
Abstract
A financial tender transfer system allows a transferor to transfer credit or make payment to a transferee by debiting the credit card of the transferor and crediting the credit card of the transferee. The financial tender transfer system gives the transferee immediate access to the transferred money and ensures the transferor'"'"'s credit card is valid. Neither party needs to give their credit card number to the other, so security is preserved. Any amount of value up to the full credit line of the transferor can be transferred to the transferee.
1109 Citations
63 Claims
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1. A system for transferring financial tender between credit card accounts, comprising:
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means for identifying a transferor and a transferee credit card account;
means for identifying a financial tender value to be transferred from said transferor credit card account to said transferee credit card account; and
means for initiating the transfer of said financial tender value from said transferor credit card account to said transferee credit card account, wherein said transferor credit card account and said transferee credit card account are separately assigned. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A method for transferring financial tender between credit card accounts, said method comprising the steps of:
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identifying a transferor account and a transferee account;
identifying a financial tender value to be transferred from said transferor account to said transferee account; and
transferring said financial tender value from said transferor account to said transferee account, wherein said transferor account and said transferee account are not commonly assigned. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
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23. A system for transferring financial tender value between credit card accounts, comprising:
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an input means for receiving an identifier for a transferor account, an identifier for a transferee account, and an identification of a financial tender value to be transferred from said transferor account to said transferee account; and
a processor configured to initiate the transfer of said financial tender value from said transferor account to said transferee account. - View Dependent Claims (24, 25, 26, 27, 28, 29, 30, 31, 32, 33)
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34. A computer program product comprising:
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a computer usable medium having computer readable code embodied therein for transferring financial tender between credit card accounts, the computer usable medium comprising;
an input module configured to receive an identifier for a transferor account and a transferee account, and an identifier for a financial tender value to be transferred from said transferor account to said transferee account; and
a control module for initiating the transfer of said financial tender value from said transferor account to said transferee account. - View Dependent Claims (35, 36, 37, 38, 39)
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40. A method for transferring financial tender between credit card accounts, said method comprising the steps of:
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identifying a transferor and a transferee account;
issuing a transferee identification number based on said transferee account;
identifying a financial tender value to be transferred from said transferor account to said transferee account; and
transferring said financial tender value from said transferor account to said transferee account using said transferee identification number and said transferor account. - View Dependent Claims (41, 42)
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43. A method for transferring financial tender between credit card accounts, said method comprising the steps of:
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identifying a transferor account and a transferee account;
issuing a transferor identification number based on said transferor account;
identifying a financial tender value to be transferred from said transferor account to said transferee account; and
transferring said financial tender value from said transferor account to said transferee account using said transferor identification number and said transferee account. - View Dependent Claims (44, 45)
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46. A method for transferring financial tender between credit card accounts, said method comprising the steps of:
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identifying a transferor account and a portion of a transferee account number corresponding to a transferee account;
identifying a financial tender value to be transferred from said transferor account to said transferee account;
issuing an encrypted identification number based on said transferor account, said portion of a transferee account number, and said financial tender value;
identifying said transferee account; and
transferring said financial tender value from said transferor account to said transferee account using said encrypted identification number and said transferee account. - View Dependent Claims (47, 48)
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49. A method of transferring financial tender between credit accounts, comprising the steps of:
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identifying a first credit account having a first owner and a first credit limit;
identifying a second credit account having a second owner and a second credit limit;
identifying a financial tender value, consisting of a portion of said first credit limit, for transfer to said second credit account; and
increasing said second credit account by said financial tender value. - View Dependent Claims (50, 51, 52, 53, 54, 55)
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56. A method of transferring financial tender value between credit accounts, comprising the steps of:
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identifying a first credit account having a first owner and a first credit limit;
identifying a second credit account having a second owner and a second credit limit;
identifying a financial tender value, consisting of a portion of said first credit limit, for transfer to said second credit account;
initiating the transfer of said financial tender value to said second credit account; and
maintaining the debt obligation with said first owner for said first portion of said first credit limit transferred to said second credit account. - View Dependent Claims (57)
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58. A method of increasing an established line of credit, comprising the steps of:
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identifying a first credit account having a first owner and a first credit limit;
identifying a second credit account having a second owner and a second credit limit; and
receiving from said first credit account a financial tender value, consisting of a portion of said first credit limit, added to said second credit limit, the debt obligation for said financial tender value remaining with said first owner. - View Dependent Claims (59, 60, 61)
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62. A method of transferring financial tender value between credit accounts, comprising the steps of:
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identifying a first credit account having a first owner and a first credit limit;
identifying a financial tender value, consisting of a portion of said first credit limit, for transfer to said second credit account; and
issuing an encrypted code based on said first credit account and said financial tender value;
identifying a second credit account having a second owner and a second credit limit; and
increasing said second credit account by said financial tender value using the encrypted code.
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63. A method of transferring financial tender value between credit accounts, comprising the steps of:
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identifying a first credit account having a first owner and a first credit limit;
identifying a portion of a second credit account number of a second credit account having a second owner and a second credit limit;
identifying a financial tender value, consisting of a portion of said first credit limit, for transfer to said second credit account; and
increasing said second credit account by said financial tender value using said first credit account and said portion of a second credit account number of said second credit account.
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Specification