Method for transferring funds
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United States of America Patent
Stats
-
Mar 18, 2014
Grant Date -
Sep 17, 2009
app pub date -
Mar 13, 2008
filing date -
Mar 13, 2008
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A method to transfer money to a payee's payment card account, without requiring an additional payment card or without acquiring the payee's payment card information is disclosed. A payee registers a payment card with a service provider. The payment card is associated with a payment card account. A payor transfers an initial amount of money to the service provider to be given to the payee, when payee uses the registered payment card for a specified spending category. The service provider stores the money until the payee uses the registered payment card to make a qualified purchase.
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