Systems, methods and apparatus for variable settlement accounts
US9965749B2 · kind B2 · utility
2Cited by
4References
15Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Feb 25, 2014 |
| Grant date | May 8, 2018 |
| Priority date | — |
| Expiry date | Feb 25, 2034 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/227
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Systems and methods are provided for transferring settlement funds received into a pooled settlement account of an acquirer processor account to one or more financial accounts of a merchant. The transferring of the funds can be directed by one or more settlement rules defined by a merchant. The type of transfer method can be based on the type of financial account. Example types of transfers include Automated Clearing House (ACH) transfers and intrabank transfers.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.