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:
Nov. 20, 2012
Filed:
Jan. 17, 2007
Terry Allen-rouman, South San Francisco, CA (US);
John Joseph Mascavage, Iii, San Mateo, CA (US);
Margaret Morgan Weichert, San Carlos, CA (US);
Robert Edwin Dravenstott, San Mateo, CA (US);
Terry Allen-Rouman, South San Francisco, CA (US);
John Joseph Mascavage, III, San Mateo, CA (US);
Margaret Morgan Weichert, San Carlos, CA (US);
Robert Edwin Dravenstott, San Mateo, CA (US);
First Data Corporation, Greenwood Village, CO (US);
Abstract
According to the invention, a process for transferring funds between a payor and a payee in an online transaction is disclosed. In one step, information is received from the payor for debiting a bank account associated with the payor. Authorization is transmitted to the payee to request debits from the payor. The total of all debit requests does not exceed an amount that is authorized. A first request is received from the payee to debit the customer a first portion of the amount. A first debit is initiated from the bank account for the first portion of the amount. A second request is received from the payee to debit the payor a second portion of the amount. A second debit is initiated from the bank account for the second portion of the amount.