Method and apparatus for funds and credit line transfers
US5949044A · kind A · utility
451Cited by
30References
24Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Jun 13, 1997 |
| Grant date | Sep 7, 1999 |
| Priority date | — |
| Expiry date | Jun 13, 2017 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A financial tender transfer system allows a transferor to transfer credit or make payment to a transferee by debiting the credit card of the transferor and crediting the credit card of the transferee. The financial tender transfer system gives the transferee immediate access to the transferred money and ensures the transferor's credit card is valid. Neither party needs to give their credit card number to the other, so security is preserved. Any amount of value up to the full credit line of the transferor can be transferred to the transferee.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.