US Patent No: 8,190,521

Number of patents in Portfolio can not be more than 2000

Method for processing internet point of sale payment using automated teller machine switch settlement

Stats

ALSO PUBLISHED AS: 20110208652
ATTORNEY / AGENT: (SPONSORED)
 

Importance

Loading Importance Indicators... loading....

Abstract

Embodiments of the invention include a method and system for effectuating an electronic payment between a payor and a payee using an Electronic Funds Transfer (EFT) network. The method is implemented by a system having multiple processors. The payor may hold a payor account at a payor institution and the payee may have a payee account at a payee institution. The method includes generating a payment authorization identifying the payee institution, the payee account, and an amount of the payment and transmitting the payment authorization to the payor institution. The method further includes debiting the payor account by the amount of the payment; transmitting from the payor institution to the payee institution through the EFT network an EFT credit message representing a credit in the amount of the payment; and crediting the payee account in the amount of the payment in response to the receipt of the EFT credit message.

Loading the Abstract Image... loading....

First Claim

Related Publications

Loading Related Publications... loading....

Patent Owner(s)

Patent OwnerAddressTotal Patents
JPMORGAN CHASE BANK, N.A.NEW YORK, NY1855

International Classification(s)

  • [Classification Symbol]
  • [Patents Count]

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Burney, Jessica New York, NY 20 829
D'Agostino, Vincent Westport, CT 24 872
Hoffman, Adam New York, NY 21 829
O'Leary, Denis New York, NY 19 829
Re, S Richard Westfield, NJ 21 838

Cited Art

Patent Info (Count) # Cites Year
 
VISA INTERNATIONAL SERVICE ASSOCIATION (5)
5,477,038 Method and apparatus for distributing currency 339 1993
5,465,206 Electronic bill pay system 606 1993
5,920,847 Electronic bill pay system 526 1996
6,285,991 Secure interactive electronic account statement delivery system 198 1996
6,105,008 Internet loading system using smart card 219 1998
 
CITIBANK, N.A. (3)
5,455,407 Electronic-monetary system 343 1995
5,745,886 Trusted agents for open distribution of electronic money 231 1995
5,963,648 Electronic-monetary system 177 1997
 
CITICORP DEVELOPMENT CENTER, INC. (2)
5,825,003 Customer-directed, automated process for transferring funds between accounts using a holding account and local processing 99 1997
5,963,647 Method and system for transferring funds from an account to an individual 182 1997
 
FLEETBOSTON FINANCIAL CORPORATION (2)
5,677,955 Electronic funds transfer instruments 805 1995
6,021,202 Method and system for processing electronic documents 290 1997
 
THE WESTERN UNION COMPANY (2)
5,650,604 System and method for electronic transfer of funds using an automated teller machine to dispense the transferred funds 205 1995
5,937,396 System for ATM/ATM transfers 157 1996
 
AMAZON.COM, INC. (1)
5,727,163 Secure method for communicating credit card data when placing an order on a non-secure network 292 1995
 
APPAGE CORPORATION (1)
5,903,878 Method and apparatus for electronic commerce 279 1997
 
ARIGERN CAPITAL L.L.C. (1)
6,149,055 Electronic fund transfer or transaction system 137 1996
 
AT&T CORP. (1)
5,461,217 Secure money transfer techniques using smart cards 261 1994
 
BMC RESOURCES, INC. (1)
5,870,456 Automated interactive bill payment system using debit cards 173 1997
 
CALABRO SERVICES CO. L.L.C. (1)
6,010,067 Mobile funds transaction device for transferring funds between remote banking facilities 31 1996
 
CALL PROCESSING, INC. (1)
5,511,114 Telephone pre-paid calling card system and method 276 1994
 
CAPITAL SECURITY SYSTEMS, INC. (1)
6,012,048 Automated banking system for dispensing money orders, wire transfer and bill payment 249 1997
 
CARDIS ENTERPRISE INTERNATIONAL N.V. (1)
6,065,675 Processing system and method for a heterogeneous electronic cash environment 230 1998
 
CARDTRONICS, INC. (1)
5,287,269 Apparatus and method for accessing events, areas and activities 323 1990
 
CHASE MANHATAN BANK USA, N.A. (1)
6,032,136 Customer activated multi-value (CAM) card 296 1998
 
CLEARING HOUSE PAYMENTS COMPANY L.L.C., THE (1)
6,173,272 Electronic funds transfer method and system and bill presentment method and system 182 1998
 
DATASCAPE, INC. (1)
5,742,845 System for extending present open network communication protocols to communicate with non-standard I/O devices directly coupled to an open network 423 1995
 
DIEBOLD, INCORPORATED (1)
6,032,135 Electronic purse card value system terminal programming system and method 31 1998
 
FIRST DATA CORPORATION (1)
4,321,672 Financial data processing system 580 1979
 
FIRST VIRTUAL HOLDINGS (1)
5,757,917 Computerized payment system for purchasing goods and services on the internet 643 1995
 
FRANCE TELECOM (1)
6,014,646 Process for making a payment using an account manager 105 1996
 
GROUP 1 SOFTWARE, INC. (1)
6,078,907 Method and system for electronically presenting and paying bills 218 1998
 
HEWLETT-PACKARD COMPANY (1)
5,815,657 System, method and article of manufacture for network electronic authorization utilizing an authorization instrument 449 1996
 
INTERNET PROMISE GROUP, LLC (1)
7,890,433 Private and secure payment system 30 2002
 
KONINKLIJKE KPN N.V. (1)
6,003,764 Method of securely storing and retrieving monetary data 30 1997
 
LANCART DUAL CONSULTING, L.L.C. (1)
5,943,423 Smart token system for secure electronic transactions and identification 256 1995
 
LEAD CORE FUND, L.L.C. (1)
7,426,492 Systems and methods for facilitating commercial transactions between parties residing at remote locations 53 2000
 
LML PATENT CORP. (1)
6,354,491 Check writing point of sale system 88 2001
 
MASTERCARD INTERNATIONAL INCORPORATED (1)
5,692,132 System and method for conducting cashless transactions on a computer network 435 1995
 
MICROSOFT CORPORATION (1)
6,070,150 Electronic bill presentment and payment system 343 1996
 
MOUNT HAMILTON PARTNERS, LLC (1)
5,826,245 Providing verification information for a transaction 320 1995
 
NEW AURORA CORPORATION (1)
6,138,107 Method and apparatus for providing electronic accounts over a public network 120 1996
 
NOKIA CORPORATION (1)
6,366,893 System, a method and an apparatus for performing an electric payment transaction in a telecommunication network 112 1998
 
ONLINE RESOURCES CORPORATION (1)
5,870,724 Targeting advertising in a home retail banking delivery service 355 1995
 
PAYPAL INTERNATIONAL LIMITED (1)
6,092,053 System and method for merchant invoked electronic commerce 107 1998
 
PAYPAL, INC. (1)
5,826,241 Computerized system for making payments and authenticating transactions over the internet 642 1994
 
REALSOURCE, INC. (1)
5,732,136 Merchant specific debit card verification system 119 1997
 
SOUTHEAST PHONECARD, INC. (1)
5,696,908 Telephone debit card dispenser and method 151 1995
 
SPENDINGMONEY, LLC (1)
5,864,830 Data processing method of configuring and monitoring a satellite spending card linked to a host credit card 288 1997
 
TGIP, INC. (1)
5,577,109 Pre-paid card system and method 403 1995
 
THE VANGUARD GROUP, INC. (1)
2005/0154,658 System and Method for Automatic Investment Planning 1999
 
TRANSACTION TECHNOLOGY, INC. (1)
5,796,832 Wireless transaction and information system 151 1995
 
V-ONE CORPORATION (1)
5,590,197 Electronic payment system and method 697 1995
 
WABK CORPORATION (1)
5,673,309 ATM phone card system 72 1996
 
WALKER ASSET MANAGEMENT LIMITED PARTNERSHIP (1)
5,949,044 Method and apparatus for funds and credit line transfers 261 1997
 
XEROX CORPORATION (1)
5,952,638 Space efficient method of electronic payments 58 1996
 
YT ACQUISITION CORPORATION (1)
6,269,348 Tokenless biometric electronic debit and credit transactions 201 1999
 
OTHER [CHECK PATENT PROFILE FOR ASSIGNMENT INFORMATION] (3)
5,991,749 Wireless telephony for collecting tolls, conducting financial transactions, and authorizing other activities 237 1997
6,311,170 Method and apparatus for making payments and delivering payment information 119 1997
6,112,984 Electronic wallet or purse with means for funds transfer 46 1999

Patent Citation Ranking

Forward Cites

  • No Forward Cites to Display

Maintenance Fees

Fee Large entity fee small entity fee micro entity fee due date
3.5 Year Payment $1600.00 $800.00 $400.00 Nov 29, 2015
7.5 Year Payment $3600.00 $1800.00 $900.00 Nov 29, 2019
11.5 Year Payment $7400.00 $3700.00 $1850.00 Nov 29, 2023
Fee Large entity fee small entity fee micro entity fee
Surcharge - 3.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge - 7.5 year - Late payment within 6 months $160.00 $80.00 $40.00
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