Inter-network financial service

Details Inter-network financial service Inter-network financial service

2006-12-05

2006-12-05

Kramer, James A (Department: 3627)

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

Automated electrical financial or business practice or...

Finance

C705S035000, C705S040000

Reexamination Certificate

active

07146338

ABSTRACT:
The present invention provides a method and system for making inter-network payments. A payment request to make a payment on behalf of a payer to a payee is received. A first payment service provider receives this request. The payment is directed to a payee that is associated with a second payment service provider. The first payment service provider determines the identity of the second payment service provider and transmits a payment instruction to the second payment service provider to complete the payment.

REFERENCES:
patent: 5424938 (1995-06-01), Wagner et al.
patent: 6173272 (2001-01-01), Thomas et al.
patent: 1229480 (2002-08-01), None
“Banking and Finance: China Leaps Forward in Financial Systems”, Industries in Transition, v 23, n3, Jul. 1995.
“EFT Digest: MAC Forms Alliances With the Competition”, Bank Networks News, Jul. 26, 1993.

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