Method for transferring an amount to be paid

• US 8,744,963 B1
• Filed: 11/30/2012
• Issued: 06/03/2014
• Est. Priority Date: 11/29/1999
• Status: Expired due to Fees

• Current Assignee: Purple Leaf LLC
• Original Assignee: Purple Leaf LLC
• Inventors: Yadav-Ranjan, Rani K.
• Primary Examiner(s): Hamilton, Lalita M
• Application Number:
  US13/691,312
• Time in Patent Office: 550 Days
• Field of Search: 705/35, 705/39, 705/40
• US Class Current: 705/40
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/14 specially adapted for billing 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 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G07F 17/0014 for vending, access and use of specific services not covered anywhere else in G07F17/00 meter-controlled dispensing of liquid, gas or electricity G07F15/00

Abstract

A method for transferring an amount to be paid is provided. The method includes searching for available wireless devices and selecting a payee via input provided through one of the available wireless devices. The method includes selecting a payment option for transferring a payment amount to the payee and entering the payment amount. The method includes authorizing payment instructions to the payee and receiving confirmation that the payment amount was received by the payee.

Claims

1. A method for transferring an amount to be paid, comprising:

searching for available wireless computing devices;

selecting a payee via input provided through one of the available wireless computing devices;

selecting a payment option for transferring a payment amount to the payee;

entering the payment amount via the wireless computing device;

authorizing payment instructions to the payee through direct communication with an entity maintaining an account of a payor, the authorizing comprising associating the payment amount with payment remittance information arranged within a computer readable data structure, the payment remittance information further comprises a structured remittance data, wherein at least part of the payment remittance information is kept hidden from the payee; and

receiving confirmation that the payment amount was received by the payee, wherein each method operation is executed through a processor.

2. The method of claim 1, wherein the payment instructions comprise at least an amount to be paid and the account at a payor from which to draw the amount to be paid.

3. The method of claim 1, wherein the payee is prohibited from altering data contained in the payment instructions.

4. The method of claim 1, wherein the direct communication is performed without intervention of the payee.

5. The method of claim 1, wherein at least a portion of the payment instructions is kept hidden from the payor.

6. The method of claim 1, wherein the wireless device is a cellular phone.

7. The method of claim 1, wherein the authorizing comprises:

specifying the payment instructions to include the amount to be paid and the account at a payor from which to draw the amount to be paid.

8. The method of claim 7, wherein the payor is selected from a group consisting of a bank, a user, and a credit card facility.

9. The method of claim 1, wherein the payee is selected from a group consisting of an intermediary, a government agency, a government department, a business, a citizen, and a collection agency.

10. The method of claim 1, wherein the authorizing comprises:

specifying the payment instructions to include the amount to be paid and an account at a payor from which to draw the amount to be paid.

11. The method of claim 10, wherein the payor is selected from a group consisting of a bank, a user, and a credit card facility.

12. A method for transferring an amount to be paid, the method comprising;

locating a gateway link providing access to a database;

selecting a payment option for transferring a payment amount to the payee through a wireless computing device;

entering the payment amount via the wireless computing device;

authorizing payment instructions to the payee, wherein the authorizing is performed without intervention of the payee; and

receiving confirmation through the gateway link that the payment amount was received by the payee, wherein the payee is prohibited from altering data contained in the payment instructions, and wherein each method operation is executed through a processor.

13. The method of claim 12, wherein the payment instructions comprise at least an amount to be paid and an account at a payor from which to draw the amount to be paid.

14. The method of claim 12, wherein the selecting is executed through a cellular phone.

15. The method of claim 12, wherein a least a portion of the payment instructions is kept hidden from the payee.

16. The method of claim 12, wherein at least a portion of the payment instructions is kept hidden from the payor.

17. The method of claim 12, wherein the payee is selected from a group consisting of an intermediary, a government agency, a government department, a business, a citizen, and a collection agency.