Automatic portable account controller for remotely arranging for transfer of value to a recipient
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United States of America Patent
Stats
-
Jun 22, 1999
Grant Date -
N/A
app pub date -
Jan 6, 1997
filing date -
Jan 6, 1997
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
An apparatus and method of transferring a value from a transferor to a transferee in a transaction executed through a public service telephone network. The method includes the step of exchanging essential information between the transferor and transferee through a connection established through the public service telephone network. A summary of the transaction is transferred from the transferor and from the transferee to a third party agent of the transferee through the public service telephone network. The summary received from the transferor with the summary received from the transferee and where a match is determined, transferring the value to the transferee.
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