Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2008-07-01
2008-07-01
Dass, Harish T (Department: 3692)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C040S006000, C040S006000, C040S006000, C040S006000, C382S137000, C235S379000
Reexamination Certificate
active
07395241
ABSTRACT:
Consumer directed transfers of funds over the Internet are provided by a combination of systems and networks, including the Internet, email, and the Automated Clearinghouse system (ACH). A host system provided by a funds transfer service manages requests of senders to transfer funds and further manages responses of receivers to claim funds. The host system allows the sender to initiate the funds transfer by specifying the amount of the transfer and information for contacting the receiver, without the need to specify the account of the receiver for receiving the funds. Instead, the host system contacts the receiver and informs the receiver of the available funds; the receiver can then provide the necessary target account information for completing the funds transfer. The ACH is used to effect the transfer of funds, with the host system providing instructions for ACH entries to its financial institution using account information separately received from the sender and receiver. The credit risk associated with originating ACH entries is reduced by use of the Point of Sale system to verify sufficient funds in the sender's account by comparing the closing balance of the day the funds transfer is requested with the transfer amount. Sender fraud is reduced by comparing a sender provided balance (or check number/amounts) with an account balance acquired through automated means such as the POS system or ATM network.
REFERENCES:
patent: 3652795 (1972-03-01), Wolf et al.
patent: 4321672 (1982-03-01), Braun et al.
patent: 4341951 (1982-07-01), Benton
patent: 4454414 (1984-06-01), Benton
patent: 4645873 (1987-02-01), Chomet
patent: 4713761 (1987-12-01), Sharpe et al.
patent: 4750119 (1988-06-01), Cohen et al.
patent: 4823264 (1989-04-01), Deming
patent: RE32985 (1989-07-01), Nagata et al.
patent: 4866611 (1989-09-01), Cree et al.
patent: 4941090 (1990-07-01), McCarthy
patent: 5010485 (1991-04-01), Bigari
patent: 5025372 (1991-06-01), Burton et al.
patent: 5220501 (1993-06-01), Lawlor et al.
patent: 5231571 (1993-07-01), D'Agnostino
patent: 5351296 (1994-09-01), Sullivan
patent: 5383113 (1995-01-01), Kight et al.
patent: 5440634 (1995-08-01), Jones et al.
patent: 5453601 (1995-09-01), Rosen
patent: 5455407 (1995-10-01), Rosen
patent: 5557516 (1996-09-01), Hogan
patent: 5581764 (1996-12-01), Fitzgerald et al.
patent: 5623547 (1997-04-01), Jones et al.
patent: 5659165 (1997-08-01), Jennings et al.
patent: 5692132 (1997-11-01), Hogan
patent: 5699528 (1997-12-01), Hogan
patent: 5799087 (1998-08-01), Rosen
patent: 5815657 (1998-09-01), Williams et al.
patent: 5832463 (1998-11-01), Funk
patent: 5873072 (1999-02-01), Kight et al.
patent: 5884288 (1999-03-01), Chang et al.
patent: 5884312 (1999-03-01), Dustan et al.
patent: 5890140 (1999-03-01), Clark et al.
patent: 5903881 (1999-05-01), Schrader et al.
patent: 5920629 (1999-07-01), Rosen
patent: 5946667 (1999-08-01), Tull, Jr. et al.
patent: 5953423 (1999-09-01), Rosen
patent: 5956391 (1999-09-01), Melen et al.
patent: 5956700 (1999-09-01), Landry
patent: 5966696 (1999-10-01), Giraud
patent: 5966698 (1999-10-01), Pollin
patent: 6012041 (2000-01-01), Brewer et al.
patent: 6012044 (2000-01-01), Maggioncalda et al.
patent: 6012045 (2000-01-01), Barzilai et al.
patent: 6012048 (2000-01-01), Gustin et al.
patent: 6032133 (2000-02-01), Hilt et al.
patent: 6173272 (2001-01-01), Thomas et al.
patent: 6289322 (2001-09-01), Kitchen et al.
patent: 2005/0131816 (2005-06-01), Britto et al.
Chevy Chase Bank, 1996, “Chevy Chase Home Banking Chevy chase Financial Manager”.
Buck, S. Peter, 1997 “From electronic money to electronic cash: payment on the Net”, Logistics Information Management. Bradford: 1997.vol. 10, Iss. 6; p. 289. Periodical ISSN/ISBN: 09576053.
BusinessWire, Dec. 8, 1999 “Intuit and Microsoft Advance Financial Info ExPetere on the Internet; Propose New Features for Open Financial ExPetere Version 2.0” Business Editors and High Tech Writers. Business Wire. New York: Dec. 8, 1999. p. 1.
Bill Orr, “Microsoft/First Data: The instant giant of Internet bill payments”, American Bankers Association. ABA Banking Journal. New York: Nov. 1997. vol. 89, Iss. 11; p. 95 (1 page).
Jennifer Kingson Bloom “First Union—the Cyberbank—Seeking a Leg Up in Smart Cards”, American Banker (pre-1997 Fulltext). New York, N.Y.: May 20, 1996. vol. 161, Iss. 96; p. 6.A.
Rick Haliechuk, The wired wallet Imagine it: Electronic cash is coming soon. So is paper money on the way out? Can you protect your privacy? And will Bill Gates become your banker?; [Final Edition]; Toronto Star. Toronto Star. Toronto, Ont.: Aug. 19, 1995.
Operating CircularNo. 1,Account Relationships, Federal Reserve Bank of New York, Jan. 1998.
Operating CircularNo. 4,Automated Clearing House Itemswith Appendix A-D, Federal Reserve Bank of New York, Jan. 1998.
Operating CircularNo. 5,Electronic Access, Federal Reserve Bank of New York, Jan. 1998.
“Internet Banking: Letting Customers Have Their Way”, U.S.Banker, pp. S-3 to S-20, Nov. 1997.
“Electronic Money: Toward a Virtual Wallet”,IEEE Spectrum Special Issue, pp. 18-73, Feb. 1997.
“eCheck—Enabiling Universal Internet Payment”,CommerceNetBrochure.
“Bank Hit by Crime Online”, San FranciscoChronicle, B1, B5, Jan. 28, 2000.
Automated Clearing House Core Processing Software Bulletin, dated Dec. 1997, 2 pages, [online], from www.towergroup.com.
The Payments Authority Inc., Consumer Product Information, 7 pages, [online], from www.thepaymentsauthority.org.
PayPal Privacy Policy, 5 pages, [online], retrieved on Jul. 26, 1999 from www.paypal.com/cgi-bin/pageview.
Automated Clearing House Payments: Marking Research—Banking Information, 17 pages, [online], retrieved on Jan. 31, 2000 from www.stls.frb.org/banking/ach/achres.html.
Quick Cash, Internet Savings Bank, Business Banking, Personal Accounts and Investing with Paritate, 5 pages, [online], retrieved on Sep. 2, 1999 from www.paritate.1v/quickcash.htm.
Protect Your Company Against ACH Risk, Corporate Alliance Newsletters, 3 pages, [online], retrieved on Jan. 31, 2000 from www.comercia.com/comercia/ac/pa/1996/winter/story3—c.html.
HyperWallet Systems, Inc., The Way To Pay Online, 3 pages, [online], https://www.hyperwallet.com/index.jsp, 2002.
Nochex, Ltd., The UK's No. 1 Email Money Service, 3 pages, [online], http://www.nochex.com, 2003.
Anypay, What is Anypay?, 4 pages, [online], http://www.anypay.com/site/ml/eng/htm/home/home.htm, 2001.
Crone, Richard K., “A Guide to Channel Changing in Bill Payment”, article from American Banker, Mar. 29, 1999, 2 pages.
Crone, Richard K., “Retail, Wholesale Must Unite to Bolster Direct Web Billing”, reprinted from America Banker, The Daily Financial Services Newspaper, Jul. 14, 1998, 2 pages.
Crone, Richard K., “The Advantages of Having Bills Paid at Your Own Web Site”, Billing World, Jan. 1998, 5 pages.
Crone, Richard K., “Opportunity on the Line”, TeleTimes, No. 3, 1998, 4 pages.
CyberCash, Inc., 1998 Annual Report, 70 pages.
Crone, Richard K., “The Battle for Internet Bill Payment and Presentment”, from Bank Technology News, Dec. 1997, 4 pages.
“Electronic Bill-Paying for the Little Guy”, edited by Rothfeder, Jeffrey, Business Week, Sep. 25, 1989, 2 pages.
“Just Plain Bill”,ComputerLetter, vol. 16, No. 4, pp. 1-5 (Jan. 2000).
“Small Change”,ComputerLetter, vol. 12, No. 10, 4 pages (Mar. 1996).
Payments Publications, Herndon, VA, 21 pages, (1999).
Cook Scott D.
Lacerte Rene A.
Dass Harish T
Intuit Inc.
Osha • Liang LLP
LandOfFree
Consumer-directed financial transfers using automated... does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Consumer-directed financial transfers using automated..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Consumer-directed financial transfers using automated... will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-2816021