American Express Travel Related Services Company, Inc.

Andrea M Saporito

Diane Derocher

Lawrence Stanton Hoffman

Bruno Jimenez

Thomas C Baker

Pauline Raffaele

Yogesh R More

Jennifer Lynne Wybraniec

The present invention provides an automated system configured to facilitate transfers of cash value from one or more lines of credit to one or more deposit accounts or payment systems. An automated system ensures that requested funds are available in a customer's one or more lines of credit and electronically deposits the requested funds into one or more designated deposit accounts or payment systems. An automated system provides a means for customers to manage lines of credit, setup transfer transactions, define rules governing transfers and view transactional history. The automated system, in network connection with the lending organization's backend systems, may authenticate customer identities and credit accounts as well as insure that the requested funds are available for transfer into a deposit account.

System and method for transferring a line of credit balance to a cash account

Growing community of inventors

New York, NY, United States of America

Andrea M Saporito