Systems and methods for implementing person-to-person money exchange

US8126792B2 · kind B2 · utility

Assignee

• Visa International Service Association · US

Inventors

• Paul Gallagher · San Francisco, US
• Steve Davis · San Leandro, US
• Kaycie Roberts · San Francisco, US
• Robert Simon · Menlo Park, US
• Michael Baum · Crystal Lake, US
• Mieko Schmandt · Portola Valley, US
• Peihuan Meng · Redwood City, US
• Ivan Liu · Schreiber, CA
• Jorge Noa · San Francisco, US
• Martin Hampton · Belmont, US

Key dates

• Filing date: Aug 4, 2010
• Grant date: Feb 28, 2012
• Expiry date: Aug 4, 2030

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/03
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system conducts online financial transactions between individuals or between individuals and entities such as banks, merchants and other companies. Each user establishes an online account, which is used to transfer funds to and from other online accounts. Any user may initiate a send money transaction or a request payment transaction with any other entity provided that entity has an e-mail address. The online fund transfer may include a verification of a user's information including verifying a mailing address.