Methods, devices and bank computers for consumers using communicators to wire funds to sellers and vending machines
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
May 18, 2010
Grant Date -
Jan 16, 2003
app pub date -
Jan 2, 2001
filing date -
Jan 25, 2000
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
Methods for consumers to pay at the point of sale by using a personal communicator (30) to wire transfer funds (1364) out of their bank (40) account. The communicator (30) is coupled to, and exchanges signals with a reciprocating communicator (1350) of the seller, which in turn is coupled (1356) to the seller's bank (60). This way the money is transferred as an EFT payment code (1364) directly from the buyer's bank (40) to the seller's bank (60), where it may be considered direct deposited, without processing delays. Devices also include vending machines that can receive payment this way. Bank computers are provided with systems and software for enabling the above. The bank computers are accessible by telephone lines, and work with cooperating banks by exchanging signals, for transferring the funds. The seller's bank (60) generates a payment confirmation code (1368) that is ultimately transmitted to the seller's satisfaction for releasing the goods at the point of sale.
First Claim
Family
International Classification(s)
Cited Art Landscape
Patent Citation Ranking
Advertisement
Advertisement
Advertisement
Recipient Email Address
Recipient Email Address
Comment
Recipient Email Address
Add to Portfolio(s)
To add this patent to one, or more, of your portfolios, simply click the add button.
This Patent is in these Portfolios:
Add to additional portfolios:
Last Refreshed On:
Changes done successfully