Systems and Methods for Facilitating Transactions Involving an Intermediary
First Claim
1. A method for a financial account issuer to facilitate a transaction for an intermediary between a first owner of a first financial account and a second owner of a second financial account, the method comprising:
- receiving, from the intermediary and at the financial account issuer, a request to debit a first amount from the first financial account having a first identifier associated with the first financial account, wherein the financial account issuer issued the first financial account, and wherein the financial account issuer comprises a server;
receiving, from the intermediary and at the financial account issuer, a request to credit at least a portion of the first amount to the second financial account having a second identifier associated with the second financial account;
determining, by the financial account issuer, if at least one of the request to debit the first financial account or the request to credit the second financial account is fraudulent;
facilitating debiting, by the financial account issuer, the first amount from the first financial account, if the request to debit the first financial account is not fraudulent; and
,facilitating crediting, by the financial account issuer, at least a portion of the first amount to the second financial account, if the request to credit the second financial account is not fraudulent.
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Accused Products
Abstract
A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also includes the options of interest payments, the use of different account issuers, different financial accounts, budget transfers, spend compartmentalization, cost-splitting, adjusting credit limits, loans, gifting, intermediary facilitating the transaction, transaction tracking, rapid funds availability, confidential transfer of funds, immediate initiation of shipment by a seller, releasing funds to a seller only after approval of the goods, services, or other value, demonstrating proof of payment, and recourse against a remote seller.
134 Citations
20 Claims
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1. A method for a financial account issuer to facilitate a transaction for an intermediary between a first owner of a first financial account and a second owner of a second financial account, the method comprising:
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receiving, from the intermediary and at the financial account issuer, a request to debit a first amount from the first financial account having a first identifier associated with the first financial account, wherein the financial account issuer issued the first financial account, and wherein the financial account issuer comprises a server; receiving, from the intermediary and at the financial account issuer, a request to credit at least a portion of the first amount to the second financial account having a second identifier associated with the second financial account; determining, by the financial account issuer, if at least one of the request to debit the first financial account or the request to credit the second financial account is fraudulent; facilitating debiting, by the financial account issuer, the first amount from the first financial account, if the request to debit the first financial account is not fraudulent; and
,facilitating crediting, by the financial account issuer, at least a portion of the first amount to the second financial account, if the request to credit the second financial account is not fraudulent. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18)
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19. A method for using a financial account issuer to facilitate a transaction for an intermediary between a first owner of a first financial account and a second owner of a second financial account, the method comprising:
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sending, by the intermediary and to the financial account issuer, a first identifier associated with a first financial account, wherein the financial account issuer issued the first financial account, and wherein the financial account issuer comprises a server; sending, by the intermediary and to the financial account issuer, a request to debit a first amount from the first financial account, wherein the financial account issuer determines if the request to debit the first financial account is fraudulent, and wherein the financial account issuer facilitates debiting the first amount from the first financial account if the request to debit the first financial account is not fraudulent; sending, by the intermediary and to the financial account issuer, a second identifier associated with a second financial account; and
,sending, by the intermediary and to the financial account issuer, a request to credit at least a portion of the first amount to the second financial account, wherein the financial account issuer determines if the request to credit the second financial account is fraudulent, and wherein the financial account issuer facilitates crediting at least a portion of the first amount to the second financial account, if the request to credit the second financial account is not fraudulent.
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20. A computer-readable medium having stored thereon a plurality of instructions for a financial account issuer to facilitate a transaction for an intermediary between a first owner of a first financial account and a second owner of a second financial account, the plurality of instructions comprising:
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instructions to receive, from the intermediary and at the financial account issuer, a request to debit a first amount from the first financial account having a first identifier associated with the first financial account, wherein the financial account issuer issued the first financial account, and wherein the financial account issuer comprises a server; instructions to receive, from the intermediary and at the financial account issuer, a request to credit at least a portion of the first amount to the second financial account having a second identifier associated with the second financial account; instructions to determine, by the financial account issuer, if at least one of the request to debit the first financial account or the request to credit the second financial account is fraudulent; instructions to facilitate debiting, by the financial account issuer, the first amount from the first financial account, if the request to debit the first financial account is not fraudulent; and
,instructions to facilitate crediting, by the financial account issuer, at least a portion of the first amount to the second financial account, if the request to credit the second financial account is not fraudulent.
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Specification