System and method for securely registering a recipient to a computer-implemented funds transfer payment network

US11361290B2 · kind B2 · utility

Assignee

• Early Warning Services, LLC · US

Inventors

• Kevin Bouey · San Anselmo, US
• Sri Saravana Muthu · San Francisco, US
• Brian M. Pearce · Pleasanton, US
• Adam E. Vancini · Concord, US

Key dates

• Filing date: Sep 17, 2018
• Grant date: Jun 14, 2022
• Expiry date: Jun 4, 2040

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/405
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method including storing a record in an information directory of a computer system. The method also includes receiving a confirmation that a particular identifier of the one or more public identifiers is useable to contact the recipient based on one or more responses to one or more authentication request messages. The method additionally includes receiving, through the computer network, a funds transfer request from a sender having a sender account at a second financial institution. The method further includes determining a private identifier for the recipient account using the information directory based on the particular public identifier of the one or more public identifiers. The method additionally includes sending the private identifier through the computer network to the second financial institution to facilitate, based on the funds transfer request, a transfer of funds from the sender account at the second financial institution to the recipient account at the first financial institution such that the second financial institution associates the transfer of the funds with the private identifier, such that the first financial institution uses the private identifier to determi…