Online incremental payment method

US7184980B2 · kind B2 · utility

Assignees

• FIRST DATA CORPORATION · US
• The Western Union Company · US

Inventors

• Terry Allen-Rouman · South San Francisco, US
• John Joseph Mascavage, III · San Mateo, US
• Margaret Morgan Weichert · Redwood City, US
• Robert Edwin Dravenstott · Centennial, US

Key dates

• Filing date: Nov 15, 2001
• Grant date: Feb 27, 2007
• Expiry date: Sep 26, 2023

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

According to the invention, a process for transferring funds between a payor and a payee in an online transaction is disclosed. In one step, information is received from the payor for debiting a bank account associated with the payor. Authorization is transmitted to the payee to request debits from the payor. The total of all debit requests does not exceed an amount that is authorized. A first request is received from the payee to debit the customer a first portion of the amount. A first debit is initiated from the bank account for the first portion of the amount. A second request is received from the payee to debit the payor a second portion of the amount. A second debit is initiated from the bank account for the second portion of the amount.