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:
Feb. 12, 2013
Filed:
Jan. 02, 2003
Henry M. Abelman, Roswell, GA (US);
Kenneth Algiene, Littleton, CO (US);
Peter M. Karas, Lakewood, CO (US);
Henry M. Abelman, Roswell, GA (US);
Kenneth Algiene, Littleton, CO (US);
Peter M. Karas, Lakewood, CO (US);
First Data Corporation, Greenwood Village, CO (US);
The Western Union Company, Englewood, CO (US);
Abstract
According to the invention, a method for automatically processing an incoming payment for a payee with an online money transfer system. In one step, information is received at the online money transfer system. That information relates to processing of one or more received payments associated with the payee. At some point, the incoming payment associated with the payee is received. A default repository for the incoming payment is determined. It is determined whether to transfer at least some of the incoming payment away from the default repository or escrow at least a portion of the incoming payment for benefit of at least one predetermined party. Either the earmark or the escrow is applied after this determination.