SYSTEMS AND METHODS FOR FACILITATING PERSON-TO-PERSON PAYMENTS

• US 20110213707A1
• Filed: 03/01/2010
• Published: 09/01/2011
• Est. Priority Date: 03/01/2010
• Status: Abandoned Application

• Current Assignee: Fiserv Incorporated
• Original Assignee: Fiserv Incorporated
• Inventors: Roberts, Todd Nathaniel, Litt, Andrew Montgomery, Jackson, Justin Ryan, Stroud, Christopher Dean
• Application Number:
  US12/714,658
• Publication Number:
  US 20110213707A1
• Time in Patent Office: Days
• US Class Current: 705/44
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

Embodiments of the invention may provide systems and methods for facilitating person-to-person payments. A payer request to pay a payee identified by a first contact identifier is received. Upon failing to locate the payee in a data repository of registered payees via the first contact identifier, the first contact identifier is utilized to transmit a registration invitation to the payee. Information associated with the request may be stored pending registration by the payee, and the invitation may include a link to a payment service provider site and an indicator of the stored information. Based upon a payee selection of the link, the indicator and identifying information for the payee other than the first contact identifier is received. The received identifying information is utilized to determine a pre-existing registration of the payee with the payment service provider, and the stored information is utilized to direct a payment to the payee.

Claims

1. A method, comprising:

receiving, by a payment service provider system comprising one or more computers, a request on behalf of a payer to pay a payee, wherein the request identifies the payee via a first contact identifier;

upon failing to locate the payee in a data repository of registered payees via the first contact identifier, transmitting, to the payee by the payment service provider system and utilizing the first contact identifier, an invitation for the payee to register with the payment service provider and receive a payment corresponding to the request, wherein information associated with the request is stored pending registration by the payee, and wherein the invitation comprises a link to a site of the payment service provider and an indicator of the stored information;

receiving, by the payment service provider system and based at least in part upon a payee selection of the link, (i) identifying information for the payee other than the first contact identifier and (ii) the indicator of the stored information;

determining, by the payment service provider system utilizing the received identifying information, a pre-existing registration of the payee with the payment service provider, wherein the pre-existing registration is associated with a second contact identifier and a financial account at a financial institution for receiving funds;

accessing, by the payment service provider system utilizing the received indicator, the stored information; and

directing, by the payment service provider system, the payment to the payee based on the stored information, wherein the payment comprises crediting funds into the financial account.

2. The method of claim 1, further comprising:

storing, by the payment service provider system, the first contact identifier in association with the pre-existing registration.

3. The method of claim 1, further comprising:

receiving, by the payment service provider system from the payee, an identification of a financial institution at which the payee wishes to receive the payment.

4. The method of claim 3, further comprising:

determining, by the payment service provider system, that the indicated financial institution is a partner financial institution; and

responsive to determining that the financial institution is a partner financial institution, redirecting, by the payment service provider system, the payee to a site of the financial institution,

wherein the identifying information for the payee and the indicator are received subsequent to redirecting the payee.

5. The method of claim 4, wherein receiving the identifying information and the indicator comprises receiving the identifying information and the indicator in a communication session established by the partner financial institution redirecting the payee to the payment service provider system.

6. The method of claim 4, wherein receiving the identifying information and the indicator comprises receiving the identifying information and the indicator from the partner financial institution.

7. The method of claim 3, further comprising:

determining by the payment service provider system, that the financial institution is not a partner financial institution,

wherein receiving identifying information for the payee comprises receiving the identifying information from the payee responsive to determining that the financial institution is not a partner financial institution by the payment service provider system.

8. The method of claim 7, further comprising:

receiving, by the payment service provider system from the payee, at least one of a security token or access credentials associated with the pre-existing registration of the payee with the payment service provider.

9. The method of claim 1, wherein transmitting an invitation comprises transmitting an invitation including the link with the indicator embedded in information associated with the link such that activation of the link facilitates communication of the indicator to the payment service provider system.

10. The method of claim 1, wherein transmitting an invitation comprising an indicator comprises transmitting an invitation comprising a unique transaction code associated with the stored information.

11. The method of claim 1, further comprising:

transmitting, by the payment service provider system to a financial institution associated with the payer, a direction to debit a financial account of the payer.

12. A system, comprising:

at least one communications interface configured to (i) receive a request on behalf of a payer to pay a payee, wherein the request identifies the payee via a first contact identifier, (ii) transmit, to the payee utilizing the first contact identifier, an invitation for the payee to register with a payment service provider and receive a payment corresponding to the request, wherein the invitation comprises a link to a site of the payment service provider and an indicator of stored information associated with the request, and (iii) receive, based at least in part upon a payee selection of the link, identifying information for the payee other than the first contact identifier and the indicator of the stored information; and

at least one processor configured to (i) search a data repository of registered payees via the first contact identifier, (ii) upon failing to locate the payee in the search, direct the transmission of the invitation and store the information associated with the request pending registration by the payee, (iii) determine, utilizing the received identifying information, a pre-existing registration of the payee with the payment service provider, wherein the pre-existing registration is associated with a second contact identifier and a financial account at a financial institution for receiving funds, (iv) access, utilizing the received indicator, the stored information, and (v) direct the payment to the payee based on the stored information, wherein the payment comprises crediting funds into the financial account.

13. The system of claim 12, wherein the at least one processor is further configured to store the first contact identifier in association with the pre-existing registration.

14. The system of claim 12, wherein the at least one communications interface is further configured to receive, from the payee, an identification of a financial institution at which the payee wishes to receive the payment.

15. The system of claim 14, wherein the at least one processor is further configured to (i) determine that the indicated financial institution is a partner financial institution of the payment service provider and (ii) responsive to the determination, redirect the payee to a site of the financial institution, wherein the identifying information for the payee and the indicator are received subsequent to redirecting the payee.

16. The system of claim 15, wherein the identifying information and the indicator is received by the at least one communications interface in a communication session established by the partner financial institution redirecting the payee to the payment service provider.

17. The system of claim 15, wherein the identifying information and the indicator is received by the at least one communications interface from the partner financial institution.

18. The system of claim 14, wherein the at least one processor is further configured to (i) determine that the financial institution is not a partner financial institution of the payment service provider, and

wherein the identifying information for the payee is received from the payee responsive to determining that the financial institution is not a partner financial institution.

19. The system of claim 18, wherein the at least one communications interface is further configured to receive, from the payee, at least one of a security token or access credentials associated with the pre-existing registration of the payee with the payment service provider.

20. The system of claim 12, wherein the invitation comprises embedded information associated with the link such that activation of the link facilitates communication of the indicator to the payment service provider system.

21. The system of claim 12, wherein the indicator comprises a unique transaction code associated with the stored information.

22. The system of claim 12, wherein the at least one processor is further configured to direct a financial institution associated with the payer to debit a financial account of the payer.

23. A method, comprising:

receiving, by a payment service provider system comprising one or more computers, a first request on behalf of a payee to transmit a second request for a payment from a payer, wherein the first request identifies the payer via a first contact identifier;

upon failing to locate the payer in a data repository of registered payers via the first contact identifier, transmitting, to the payer by the payment service provider system and utilizing the first contact identifier, an invitation for the payer to register with the payment service provider and the second request, wherein information associated with the first request is stored pending registration by the payer, and wherein the invitation comprises a link to a site of the payment service provider and an indicator of the stored information;

receiving, by the payment service provider system and based at least in part upon a payer selection of the link, (i) identifying information for the payer other than the first contact identifier and (ii) the indicator of the stored information;

determining, by the payment service provider system utilizing the received identifying information, a pre-existing registration of the payer with the payment service provider, wherein the pre-existing registration is associated with a second contact identifier and a financial account of the payer at a payer financial institution;

accessing, by the payment service provider system utilizing the received indicator, the stored information; and

directing, by the payment service provider system, the payment to the payee based on the stored information, wherein the payment comprises debiting funds from the financial account.