US Patent No: 6,594,647

Number of patents in Portfolio can not be more than 2000

Real time bank-centric universal payment system

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Importance

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Abstract

An infrastructure for a real time bank-centric universal payment system (2) in which a central processing system (CPU) defines an electronic commerce trust system (1) formed from a plurality of financial service provider members (4) subscribing to a common standard having applicability throught the infrastructure. The central processing unit is operatively interconnected to the correspondent processing units of financial service provider members (4) that in turn are operatively interconnected through access mechanisms to a network of customers (3) and goods and services providers (5) who are account subscribers with the financial service provider member (4) and subject to the common standard of the system. The CPU provides non-revocable real time debit and credit transactions and effects net settlement between and among members through a central exchange monetary system. Features of the infrastructure include ECTS hot file, bill presentment and payment options and provider designed services that enhance brand identity.

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First Claim

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Patent Owner(s)

Patent OwnerAddressTotal Patents
DATATREASURY CORPORATIONPLANO, TX15
HEWLETT-PACKARD COMPANYPALO ALTO, CA2942
HUNTINGTON BANCSHARES INCORPORATEDCOLUMBUS, OH2

International Classification(s)

  • [Classification Symbol]
  • [Patents Count]

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Bartlett, Rick Saratoga, CA 2 222
Ercole, Richard Westerville, OH 2 222
Fontana, Fabio Mountain View, CA 4 222
Fredelake, Jodie M Columbus, OH 2 222
Geer, Terry L Baltimore, OH 8 722
James, David L Biloxi, MS 10 377
Lampru, Paul Roswell, GA 2 222
Murphy, Robert W Layfayette, CA 10 336
Randle, William Bexley, OH 2 222
Roman, Dennis Novato, CA 2 222
Rosenberg, Ruth Layfayette, CA 5 259
Tran, Tuong T Mountain View, CA 2 222

Cited Art

Patent Info (Count) # Cites Year
 
CERTCO, INC. (1)
6,029,150 Payment and transactions in electronic commerce system 453 1996
 
HEWLETT-PACKARD COMPANY (1)
5,974,146 Real time bank-centric universal payment system 197 1997
 
NIPPON TELEGRAPH AND TELEPHONE CORPORATION (1)
6,343,284 Method and system for billing on the internet 54 1998
 
UNISYS CORPORATION (1)
6,049,786 Electronic bill presentment and payment system which deters cheating by employing hashes and digital signatures 60 1997
 
XEROX CORPORATION (1)
5,952,638 Space efficient method of electronic payments 58 1996

Patent Citation Ranking

Forward Cites

Patent Info (Count) # Cites Year
 
AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. (3)
7,021,532 Transaction authorization system and method 3 2004
7,610,261 System and method for acquisition, assimilation and storage of information 1 2007
8,090,734 System and method for assessing risk 0 2009
 
CHECKFREE CORPORATION (3)
8,010,424 Payment processing with payee risk management 0 2003
7,809,617 Payment processing with selection of a risk reduction technique 0 2003
7,702,583 Payment processing with selection of an electronic debiting option 31 2003
 
MOSIDIO FUND III, LIMITED LIABILITY COMPANY (2)
6,970,843 Financial management system 58 2000
7,219,082 Financial management system 9 2005
 
PAYPAL INTERNATIONAL LIMITED (2)
7,533,064 E-mail invoked electronic commerce 15 1999
8,301,510 Electronic commerce for system registered consumers 0 2009
 
ACCENT.COM, INC. (1)
7,685,067 Computer-assisted funds transfer system 19 1999
 
AMAZON TECHNOLOGIES, INC. (1)
8,296,231 Network accessible funds transfer system 0 2009
 
BORA PAYMENT SYSTEMS, LLC (1)
7,676,434 Payer direct hub 1 2008
 
CHECKFREE SERVICES CORPORATION (1)
7,953,660 Method and system for payment processing 0 2001
 
E.E. SYSTEM CORPORATION (1)
8,041,646 Method and system for real time online debit transactions 0 2006
 
FIRST DATA CORPORATION (1)
7,240,032 Customer privacy protection systems and methods 1 2001
 
HEWLETT-PACKARD DEVELOPMENT COMPANY, L.P. (1)
8,019,871 Federation of grids using rings of trust 0 2006
 
INTUIT INC. (1)
7,783,567 Bill payment migration 0 2005
 
JPMORGAN CHASE BANK, N.A. (1)
7,206,768 Electronic multiparty accounts receivable and accounts payable system 102 2000
 
ONFORCE, INC. (1)
7,856,406 System and method for managing accounts payable and accounts receivable 0 2004
 
SAP AG (1)
7,587,364 Systems and methods for bank determination and payment handling 0 2006
 
SUN MICROSYSTEMS, INC. (1)
7,752,130 Methods and systems for delivery of information upon enrollment in an internet bill presentment and payment environment 1 2001
 
OTHER [CHECK PATENT PROFILE FOR ASSIGNMENT INFORMATION] (3)
7,092,913 System for inexpensively executing online purchases 7 2002
RE42820 Bank deposit method 0 2009
RE43888 Bank deposit method 0 2011

Maintenance Fees

Fee Large entity fee small entity fee micro entity fee due date
11.5 Year Payment $7400.00 $3700.00 $1850.00 Jan 15, 2015
Fee Large entity fee small entity fee micro entity fee
Surcharge - 11.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge after expiration - Late payment is unavoidable $700.00 $350.00 $175.00
Surcharge after expiration - Late payment is unintentional $1,640.00 $820.00 $410.00