Computer-assisted funds transfer system

US7689487B1 · kind B1 · utility

Assignee

• Amazon.com, Inc. · US

Inventors

• Mark Britto · Baton Rouge, US
• Aimee K. Cardwell · Plymouth, US
• FuMing Young · Los Altos, US
• Nicholas K. Peddy · Mountain View, US
• Adrian J. Blakey · Alameda, US
• Angela C. Lee · Burlingame, US
• Erich L. Ringewald · Belvedere, US

Key dates

• Filing date: Aug 28, 2007
• Grant date: Mar 30, 2010
• Expiry date: Sep 22, 2027

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A funds transfer system is disclosed that is responsive to a receipt of a payment request by performing a risk management assessment of an associated payer and payee. If the risk management assessment produces an adverse indication, the payment request is declined. Otherwise, the payment request may be processed by causing funds to be transferred between the payer and payee. The risk management assessment may be performed on the basis of credit and/or authentication information derived from customer information received with or prior to the payment request. Such customer information may, for example, include credit card account information and/or bank account information.