Money order debit from stored value fund

US7613653B2 · kind B2 · utility

Assignees

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

Inventors

• Susan M. Milberger · Englewood, US
• Jeff D. Sherrard · Lakewood, US
• Amy M. Dunker · Dallas, US
• Jackie M. Macfarlane · Parker, US
• Eric L. Platte · Castle Rock, US
• Susan F. Abrahams · Atlanta, US
• Cheryl L. Neofytides · Floral Park, US
• Aamer Ali Baig · Elmont, US
• Peter M. Karas · Lakewood, US
• James E. Cowell · Littleton, US
• James R. Yoder · Chicago, US
• Matt F. Golub · Atlanta, US

Key dates

• Filing date: Oct 26, 2001
• Grant date: Nov 3, 2009
• Expiry date: Aug 9, 2025

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/40
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

According to the invention, a method for transferring a credit amount out of an online system using a money order is disclosed. In one step, pay-out instructions are received at a server computer system from a wide-area computer network coupled to a payor. The pay-out instructions include at least two of a payee, a delivery location, and the credit amount. A first handler associated with the payor and a second handler for preparation of the money order according to the pay-out instructions are determined. The credit amount is transferred from the first handler to the online system. The pay-out instructions are sent to the second handler.