Method and apparatus for implementing financial transactions
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
Mar 17, 2009
Grant Date -
Jun 14, 2007
app pub date -
Jan 25, 2007
filing date -
Sep 20, 2000
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A withdrawal of assets is initiated from a first account at a first financial institution. A deposit of the assets withdrawn from the first account is initiated to a second account at a second financial institution. The first account and the second account have a common account holder. The withdrawal and deposit of assets may be initiated after analyzing multiple accounts of the account holder and determining whether an adjustment of funds among the multiple accounts would benefit the account holder. A debit instruction is used to initiate the withdrawal of assets and a credit instruction is used to initiate the deposit of the withdrawn assets. The withdrawal and deposit of assets can be implemented using one or more payment networks, debit networks, or a wire transfer between the two financial institutions.
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