The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Sep. 19, 2006
Filed:
Feb. 05, 2003
Eddy Almonte, Brooklyn, NY (US);
Steven Aponte, Staten Island, NY (US);
Gennaro Bruni, East Hampton, NY (US);
Luiz C. Couto, Miami, FL (US);
Gabriela Crespo, North Bergen, NJ (US);
Nageswararao Dasari, Sewaren, NJ (US);
Nina Eckstein, Tinton Falls, NY (US);
Joseph Fernandez, River Vale, NJ (US);
Bill Gilbert, L. Niguel, CA (US);
Gordon Joost, Shelter Island, NY (US);
George Kreiner, Chestnut Ridge, NY (US);
Subramaniam Krishnan, Westfield, NJ (US);
Ramaswamy Madhavan, Rego Park, NY (US);
Arthur Mcgrath, Brooklyn, NY (US);
Colleen Wolfe, Summit, NJ (US);
Eddy Almonte, Brooklyn, NY (US);
Steven Aponte, Staten Island, NY (US);
Gennaro Bruni, East Hampton, NY (US);
Luiz C. Couto, Miami, FL (US);
Gabriela Crespo, North Bergen, NJ (US);
Nageswararao Dasari, Sewaren, NJ (US);
Nina Eckstein, Tinton Falls, NY (US);
Joseph Fernandez, River Vale, NJ (US);
Bill Gilbert, L. Niguel, CA (US);
Gordon Joost, Shelter Island, NY (US);
George Kreiner, Chestnut Ridge, NY (US);
Subramaniam Krishnan, Westfield, NJ (US);
Ramaswamy Madhavan, Rego Park, NY (US);
Arthur McGrath, Brooklyn, NY (US);
Colleen Wolfe, Summit, NJ (US);
American Express Bank Ltd., New York, NY (US);
Abstract
A system for facilitating electronic transfer of funds includes a transfer administrator in communication with a transferor institution, one or more intermediary institution, and a transferee institution, the transferor institution having an account at the one or more intermediary institution. The transfer administrator may be configured to receive an incoming payment request designating said transferor institution, a quantity of funds to be transferred, and the transferee institution. The transfer administrator generates and issues a translated payment order based at least in part on the incoming payment request and configured to accomplish a transfer among the transferor institution, the one or more intermediary institution, and the transferee institution. Finally, the transfer administrator may facilitate processing of a balancing payment among the transferor institution, the one or more intermediary institution, and the transferee institution.