Online funds transfer method

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 8412627
APP PUB NO 20020152160A1
SERIAL NO

09991497

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ATTORNEY / AGENT: (SPONSORED)

Importance

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Abstract

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According to the invention, a process for transferring funds in an online transaction between a first party and a second party is disclosed. In one step, a first account associated with the first party and a second account associated with the second party are determined. At least one of the first account and the second account is a bank account. A first transfer is initiated between the first account and a third account. The third account is not associated with either the first party or the second party. Notification is received that the first transfer has cleared. A second transfer between the third account and the second account is initiated before notification that the first transfer has cleared is received.

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First Claim

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Patent Owner(s)

  • THE WESTERN UNION COMPANY

International Classification(s)

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  • [Patents Count]

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Allen-Rouman, Terry South San Francisco, US 6 891
Mascavage,, III John Joseph San Mateo, US 11 208
Weichert, Margaret Morgan San Carlos, US 18 1857

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