Automated group payment

Details Automated group payment Automated group payment

2001-10-26

2008-07-08

Dass, Harish T. (Department: 3692)

Data processing: financial, business practice, management, or co

Business processing using cryptography

Secure transaction

C705S026640, C283S058000, 36

Reexamination Certificate

active

07398252

ABSTRACT:
According to the invention, a process for transferring credit from a sender to a number of recipients using a wide-area computer network is disclosed. In one step, a server computer system receives information from the sender to transfer credit to the number of recipients. The information includes a unique identifier for each of the number of recipients and a credit amount. A first handler chosen by the sender and a second handler chosen by one of the number of recipients are determined. A credit transfer from the first handler is requested. The credit amount from the first handler is received at the server computer system. The credit amount is sent to the second handler associated with the one of the number of recipients.

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