Wide area network person-to-person payment
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
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May 10, 2011
Grant Date -
Feb 19, 2009
app pub date -
Sep 30, 2008
filing date -
Jul 11, 2000
priority date (Note) -
In Force
status (Latency Note)
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Abstract
According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user (110) in a stored value account on a server computer system (170). At the server computer system (170), a request from the first user (110) to send money to a second user (130) based on the stored value account is received. An electronic notification is sent from the server computer (170) to the second user (130) to notify the second user (130) of the request. A debit in the stored value account of the first user (110) is created. The requested money is sent to the second user (130) upon a receipt of a request at the server computer (170) from the second user (130).
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