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.:

US 7979348 B1

Date of Patent:

Jul. 12, 2011

Filed:

Apr. 23, 2003

Payment identification code and payment system using the same

Applicants:

George F. Thomas, Oakdale, NY (US);

Albert G. Wood, Kings Park, NY (US);

Joseph S. Pawelczyk, Morris Plains, NJ (US);

Kenneth H. Friedman, Marlboro, NJ (US);

Paul Palmese, Oceanside, NY (US);

Inventors:

George F. Thomas, Oakdale, NY (US);

Albert G. Wood, Kings Park, NY (US);

Joseph S. Pawelczyk, Morris Plains, NJ (US);

Kenneth H. Friedman, Marlboro, NJ (US);

Paul Palmese, Oceanside, NY (US);

Assignee:

Other;

Attorney:

Fitzpatrick, Cella, Harper & Scinto

Primary Examiner:

Hani Kazimi

Assistant Examiner:

Clifford Madamba

Int. Cl.

CPC ...

G06Q 40/00 (2006.01);

U.S. Cl.

CPC ...

Abstract

A method comprises receiving a payment instruction including a payment system routing number and a unique code associated with a payee, and employing the routing number to determine whether it includes routing information for a specific financial institution. If so, then the payment instruction is transmitted based on the routing number. The transmitted payment instruction includes the unique code associated with the payee. If the routing number is determined to not include routing information for a specific financial institution, then account identification information of the payee and a first system routing number are retrieved based on the unique code, and the unique code included in the payment instruction is replaced with the retrieved account identification information, and the routing number is replaced with the retrieved first system routing number. The payment instruction with the account identification information is transmitted to the payee and/or a financial institution associated with the payee.

Find Patent Forward Citations

Thomas, George. (2011). Payment identification code and payment system using the same (U.S. Patent No. 7979348). U.S. Patent and Trademark Office. https://idiyas.com/patent/badge/7979348

Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile