Payment application based fund transfer
US12271905B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Jan 23, 2023 |
| Grant date | Apr 8, 2025 |
| Priority date | — |
| Expiry date | Jan 23, 2043 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/386
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Various embodiments are related to apparatuses and methods for enabling a sender to perform monetary transactions for a requestor. A sender can use, for example, a payment application associated with a payment processing system to perform a monetary transaction for a requestor. The payment processing system can send information related to the monetary transaction to, for example, a sender-requestor association component. When the monetary transaction is a deposit, the sender can receive funds for the deposit from the requestor. The platform can debit the requestor's financial account for the deposit amount and credit the sender's financial account with the debit account as a physical cash transaction occurs between the sender and the requestor.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.