Device and method for facilitating financial transactions
US10558956B2 · kind B2 · utility
Inventors
Key dates
| Filing date | Mar 30, 2015 |
| Grant date | Feb 11, 2020 |
| Priority date | — |
| Expiry date | Mar 30, 2035 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/401
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A device, system, and method for conducting a secure transaction over a network includes receiving from a merchant a price amount associated with a purchase selection made by a user and an identification of a stored-value financial instrument having been issued to the user, and participating in a user-free electronic dialogue with a non-integrated financial institution, the user-free electronic dialogue including a request to transfer funds from the non-integrated financial institution to satisfy the price amount associated with the purchase selection. The device, system, and method further includes determining whether there are sufficient funds associated with the stored-value financial instrument. The participation in the user-free electronic dialogue to request the funds transfer from the non-integrated financial institution occurs as a result of determining that there are insufficient funds.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.