Payment management

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United States of America Patent

APP PUB NO 20020111916A1
SERIAL NO

09781580

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A method and system of effecting a payment from a payor in response to a payment request, comprising selecting a payment method from a set of payment methods. The payment method may be independent of a payment method selected for a payee. The payment may be effected by transmitting a message comprising a get funds trigger, a get funds type, a send funds trigger, and a send funds type, corresponding to the payment transaction. A method and system may receive a plurality of payment transaction notices, calculating a net account status value based on the plurality of transaction notice, and executing payment of the net account status value.

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Patent Owner(s)

Patent OwnerAddress
U S BANCORP LICENSING INC800 NICOLLET MALL BC-MN-H21N MINNEAPOLIS MN 55402

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Clemens, Christopher Donald Minneapolis, MN 3 439
Coronna, Mark S Vandnais Heights, MN 3 439
O'Leary, Mark Robert St. Paul, MN 3 439

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