Online payment transfer and identity management system and method
US9159058B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Nov 26, 2010 |
| Grant date | Oct 13, 2015 |
| Priority date | — |
| Expiry date | Nov 26, 2030 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06F2221/2115
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A payment transfer method for transferring funds from a payer to payee is provided, including designating a payee and specifying a payment amount and an account; debiting the funds from the account and crediting a first trust account; and identifying the payee by verifying responses received in response to one or more challenge-response questions defined by the payer. If the one or more responses are verified, a second trust account may be debited and a payee account credited with the payment amount. The first and second trust accounts may then be reconciled. There is also provided a payment transfer facility for transferring funds, comprising an application server for storing payment data relating to a transfer of funds and a notification server for providing a notification of the transfer of funds.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.