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:
Apr. 02, 2013
Filed:
Nov. 15, 2001
Terry Allen-rouman, South San Francisco, CA (US);
John Joseph Mascavage, Iii, San Mateo, CA (US);
Margaret Morgan Weichert, San Carlos, 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);
The Western Union Company, Englewood, CO (US);
Abstract
According to the invention, a process for transferring funds in an online transaction between a first party and a second party is disclosed. In one step, a first account associated with the first party and a second account associated with the second party are determined. At least one of the first account and the second account is a bank account. A first transfer is initiated between the first account and a third account. The third account is not associated with either the first party or the second party. Notification is received that the first transfer has cleared. A second transfer between the third account and the second account is initiated before notification that the first transfer has cleared is received.