Instant availability of electronically transferred funds

US9818089B2 · kind B2 · utility

Assignee

• PAYPAL, INC. · US

Inventors

• Luke Paul Nosek · Palo Alto, US
• Chris Richman · Palo Alto, US
• Roelof Frederik Botha · Mountain View, US
• Maria Lee · Fremont, US
• Kyle Hansen · Castle Rock, US
• Todd Pearson · Oakland, US
• Denise Aptekar · Menlo Park, US

Key dates

• Filing date: Jul 3, 2014
• Grant date: Nov 14, 2017
• Expiry date: Jul 3, 2034

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/06
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system and method for making funds of a transaction available to a user before a funding entry clears is provided. The system may be part of an on-line system configured to facilitate payments or fund transfers from users. In example embodiments, a transaction request from a user is received. A risk score indicating a perceived risk involved with releasing funds before the funding entry clears is computed. Funds of the transaction are caused to be released prior to the funding entry clearing a financial institution based on the risk score exceeding a transfer threshold.