Authentication for online money transfers

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance

Reexamination Certificate

Rate now

  [ 0.00 ] – not rated yet Voters 0   Comments 0

Details

C705S040000

Reexamination Certificate

active

08082210

ABSTRACT:
According to the invention, a method for processing a transaction where the transaction is initiated by a payor online, but paid to a payee in-person, is disclosed. In one step, payor information is accepted at a location that located across a wide area network from the payor. Transaction information and payment source information is also accepted at the location. The transaction information includes an amount and a payee identifier and the payment source information includes account details associated with an account of the payor at a money handler. A risk related to a likelihood that the transaction will complete successfully is evaluated. Validating that the payment source information is associated with the payor is manually performed if the risk is excessive. The risk can generally be reduced by the manual validation. The money handler is billed for at least the amount. It is determined if the money handler settles the amount. Historical information on the transaction is stored.

REFERENCES:
patent: 5220501 (1993-06-01), Lawlor et al.
patent: 5326960 (1994-07-01), Tannenbaum
patent: 5350906 (1994-09-01), Brody et al.
patent: 5757917 (1998-05-01), Rose et al.
patent: 6029150 (2000-02-01), Kravitz
patent: 6070798 (2000-06-01), Nethery
patent: 6073117 (2000-06-01), Oyanagi et al.
patent: 6263446 (2001-07-01), Kausik et al.
patent: 6263447 (2001-07-01), French et al.
patent: 6282658 (2001-08-01), French et al.
patent: 6321339 (2001-11-01), French et al.
patent: 6351739 (2002-02-01), Egendorf
patent: 6367693 (2002-04-01), Novogrod
patent: 7356505 (2008-04-01), March
patent: 2002/0152160 (2002-10-01), Allen-Rouman et al.
patent: 2003/0182194 (2003-09-01), Choey et al.
patent: 1 077 436 (2001-02-01), None
patent: WO 00/22559 (2000-04-01), None
patent: WO 00/46725 (2000-08-01), None
patent: WO 00/79452 (2000-12-01), None
Author Unknown “Online Payment Services” www.auctionbytes.com/cab/pages/payment, compiled Nov. 2002, 3 pages.
Author Unknown “PayPal News”, www.andrys.com/paypal.html, published prior to 2003, 3 pages.
Author Unknown “PayPal.com Case Study” http://fox.rollins.edu/˜slackman/paypal.htm, 2001, 6 pages.
Boneh, Dan “Beaming Money by Email is Web's Next killer App”, PR Newswire, Nov. 16, 1999, pp. 1-4.
Business Editors and High-Tech Writers “billserv.com Launches bills.com, an Internet Portal for Consumers to Pay Bills Online at No Cost” Business Wire, Feb. 22, 2000, pp. 1-2, New York.
Confinity, Inc. “PayPal for the Palm”, www.handheldnew.com/file.asp?ObjectID=5401, published prior to Oct. 2003, 2 pages.
Epper Hoffman, Karen “PayPal Still Running Free, But the e-payments company's carefree days may be numbered if regulators decide it's essentially a bank” Bank Technology News, published between 2001-2003, www.banktechnews.com/btn/articles/btnoct01-13.shtml, 3 pages.
Latour, Almar “PayPal Electronic Plan May be on the Money in Years to Come”, The Wall Street Journal Interactive Edition, Nov. 15, 1999, downloaded from www.paypal.com/html/wsj.html, 2 pages.
Plotkin, Hal “Beam Me Up Some Cash” Silicon Valley Insider, Sep. 8, 1999, www.halplotkin.com/cnbcs029.htm, 3 pages.
Steiner, Ina “PayPal Online Payment Service—Another Way to Pay for Auction Items” www.auctionbytes.com, Feb. 20, 2000, 4 pages.
Wijnen, Rene “You've Got Money!”, Bank Technology News, Jun. 2000, pp. 1-4, vol. 13, Issue 6, New York.
Mastercard International,Secure Payment Application(SPA), downloaded from website http://www.mastercardintl.com.

LandOfFree

Say what you really think

Search LandOfFree.com for the USA inventors and patents. Rate them and share your experience with other people.

Rating

Authentication for online money transfers does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Authentication for online money transfers, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Authentication for online money transfers will most certainly appreciate the feedback.

Rate now

     

Profile ID: LFUS-PAI-O-4306606

  Search
All data on this website is collected from public sources. Our data reflects the most accurate information available at the time of publication.