The Western Union Company

First Data Corporation

Jeff D Sherrard

Peter Michael Karas

James Everett Cowell

Aamer Ali Baig

Cheryl L Neofytides

James R Yoder

Susan M Milberger

Amy M Dunker

Susan F Abrahams

Jackie M Macfarlane

Eric L Platte

Matthew F Golub

Matt F Golub

According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user () in a stored value account on a server computer system (). At the server computer system (), a request from the first user () to send money to a second user () based on the stored value account is received. An electronic notification is sent from the server computer () to the second user () to notify the second user () of the request. A debit in the stored value account of the first user () is created. The requested money is sent to the second user () upon a receipt of a request at the server computer () from the second user ().

Requestor-based funds transfer system and methods

Wide area network person-to-person payment

According to the invention, a method for transferring a credit amount out of an online system using a money order is disclosed. In one step, pay-out instructions are received at a server computer system from a wide-area computer network coupled to a payor. The pay-out instructions include at least two of a payee, a delivery location, and the credit amount. A first handler associated with the payor and a second handler for preparation of the money order according to the pay-out instructions are determined. The credit amount is transferred from the first handler to the online system. The pay-out instructions are sent to the second handler.

Money order debit from stored value fund

According to the invention, a method for automatically processing a recurring transfer request from a stored value fund with an online system is disclosed. A handler associated with a payor is determined and money is transferred from that handler to the stored value fund. In one step, the payor is informed that a payee accepts payment from the online system. Subscription type information is received, which includes at least two of a per-request payment cap, a fixed payment amount, a limit on payment per time period, a limit on the number of payments in the time period, and a time period. Pay-out instructions are also received and include at least two of a payor identifier, a payee identifier, a transfer amount, a payment description. The transfer amount is automatically sent from the stored value fund to the payee.

Subscription-based payment

Growing community of inventors

Lakewood, CO, United States of America

Jeff D Sherrard