Patent · US Active

System for distributing funds

US8015085B2 · kind B2 · utility

55Cited by

109References

18Claims

0Family size

Assignees

FIRST DATA CORPORATION · US
The Western Union Company · US

Inventors

Lynn Blagg · Omaha, US
Michael F. Rodin · Greenwood Village, US

Key dates

Filing date	Nov 11, 2004
Grant date	Sep 6, 2011
Priority date	—
Expiry date	Jul 23, 2028

Classification

Technology area (CPC G)Physics
CPC primaryG06Q40/00
WIPO fieldIT methods for management
WIPO sectorElectrical engineering

Abstract

A system is described allowing the transfer of funds, for example, from an employer to a third-party intermediary which can distribute the funds via a payroll card to an employee. The system allows a portion of the population such as that which does not use traditional bank accounts to receive funds via a payroll card at a variety of locations without the necessity of visiting the bank location of the employer to cash a check. Other embodiments of the invention allow funds to be distributed from a first party to a second party via an intermediary party.

Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.