Value transfer systems and methods
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United States of America Patent
Stats
-
Feb 16, 2010
Grant Date -
Jul 10, 2003
app pub date -
Jul 26, 2002
filing date -
Oct 26, 1999
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
One method involves the use of stored value account that may be used, for example, to make internet payments, and that can be credited using a variety of payment techniques. Such a method involves receiving money at a money transfer location from a potential purchaser. The money is then stored as an electronic record in a stored value account of the purchaser. This money is then available for transfer at the request of the purchaser. Upon such a request, the money may be electronically sent to a recipient and the stored value account may be debited.
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