System and method for electronically exchanging value among distributed users

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United States of America Patent

PATENT NO 7089208
SERIAL NO

09560215

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A system and method for facilitating a value exchange transaction. A first party initiates the transaction by selecting or providing an identifier of another party and the value to be exchanged. The second party may be identified by a pre-existing identifier such as an electronic mail address, telephone number, etc. The system informs the second party of the transaction (e.g., using the specified pre-existing identifier). If the second party is not a registered user of the system, he or she is invited to register and complete the transaction. The system may comprise a synchronization server for exchanging transaction details with users' devices, a communication server for registering new users and/or conducting transactions online and a financial server for interacting with external financial institutions.

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Patent Owner(s)

  • PAYPAL, INC.

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Banister, Scott Alan Menlo Park, CA 7 775
Levchin, Max Palo Alto, CA 17 1142
Nosek, Luke Paul Palo Alto, CA 12 1301
Thiel, Peter Palo Alto, CA 37 1169

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