Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2002-08-26
2011-11-01
Kalinowski, Alexander (Department: 3691)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S035000, C705S03600T, C705S038000
Reexamination Certificate
active
08050997
ABSTRACT:
A system and method for making proceeds of an ACH (Automated Clearinghouse) transaction available to a user before the transaction is completed. The system may be part of an on-line system or traditional merchant configured to facilitate payments or fund transfers from users. A user requests the transfer of funds to an entity (e.g., another user, a merchant, the user's account with the system) via an ACH entry. The system calculates a risk associated with the user, while considering various data (e.g., number of previous ACH entries, how many failed, how many succeeded, amount of the transfer). If the risk is low enough, the ACH entry is initiated and the desired funds are released for the transfer even before the ACH entry clears. The ACH entry may be presented as a default choice for funding the transfer.
REFERENCES:
patent: 5778178 (1998-07-01), Arunachalam
patent: 5987500 (1999-11-01), Arunachalam
patent: 6021397 (2000-02-01), Jones et al.
patent: 6212556 (2001-04-01), Arunachalam
patent: 6243689 (2001-06-01), Norton
patent: 6295522 (2001-09-01), Boesch
patent: 7107241 (2006-09-01), Pinto
patent: 2001/0042785 (2001-11-01), Walker et al.
patent: 2001/0044764 (2001-11-01), Arnold
patent: 2002/0032653 (2002-03-01), Schutzer
patent: 2002/0101967 (2002-08-01), Eng et al.
patent: 2002/0120537 (2002-08-01), Morea et al.
patent: 2004/0117302 (2004-06-01), Weichert et al.
patent: 0481135 (1992-04-01), None
Banks, Biz Clients Ask Treasury to Kill Check Conversion Plan, Andrew Roth. American Banker. New York, N.Y.: Aug. 23, 2001. vol. 166, Iss. 163; p. 1.
U.S. Appl. No. 09/938,224 Notice of Allowance mailed Nov. 15, 2006, 9 pgs.
U.S. Appl. No. 09/938,224 Response filed Jul. 27, 2006 to Non-Final Office Action mailed Jun. 1, 2006, 16 pgs.
U.S. Appl. No. 09/938,224 Non-Final Office Action mailed Jun. 1, 2006, 17 pgs.
“Debit Still Waiting for a Frequent Shopper Boom”,POS News vol. 9, Iss 1, (Jun. 1992), 4 pgs.
Bendo, Yvonne, “Here's What it Tkes to get the Goods from Rental Outlets”,Toronto Star E.6, (Apr. 16, 1989), 3 pgs.
Campbell, Don G, “Keeping up with Video Rental Records”,Los Angeles Times, (May 21, 1987), 3 pgs.
Gilje, Shelby, “Video Values—There's More to Renting a Video than Price”,Seattle Times, (Jun. 11, 1993), 4 pgs.
O'Sullivan, Orta, “When a Check is not a Check”,USBanker. New York. vol. 109, Iss. 7, (Jul. 1999), 5 pgs.
Aptekar Denise
Botha Roelof Frederik
Hansen Kyle
Lee Maria
Nosek Luke Paul
Graham Clement B
Kalinowski Alexander
PayPal Inc.
Schwegman Lundberg & Woessner, P.A.
LandOfFree
Instant availability of electronically transferred funds does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Instant availability of electronically transferred funds, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Instant availability of electronically transferred funds will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-4277342