Transferring funds between parties' financial accounts

US8401938B1 · kind B1 · utility

Assignee

• The PNC Financial Services Group, Inc. · US

Inventors

• Michael Aaron Chapman · Chicago, US
• Hyun Jin Ko · Evanston, US
• Rodney Hal Monson · Waukegan, US
• Mark Alexander Jones · Evanston, US
• Bryan L. Mackrell · Oil City, US
• Michael Scott Ley · Dorpsstraat, US

Key dates

• Filing date: May 12, 2008
• Grant date: Mar 19, 2013
• Expiry date: Nov 4, 2030

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/3255
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Computer-implemented methods for requesting a transfer of funds between a first party a second party: the methods may comprise receiving from the first party an instruction to initiate a transfer request and an electronic copy of a bill associated with the transfer request. The methods may also comprise receiving from the first party a text message associated with the transfer request and an indication of at least a second party who is a recipient of the transfer request. In addition, the methods may comprise posting the transfer request to an account of the second party. The transfer request may comprise the electronic copy of the bill associated with the transfer request, and the text message associated with the transfer request.