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:
May. 08, 2018
Filed:
Feb. 25, 2014
Applicant:
Vantiv, Llc, Cincinnati, OH (US);
Inventors:
Thomas E. Rafferty, Cincinnati, OH (US);
Bryan T. Bailey, Florence, KY (US);
Assignee:
Vantiv, LLC, Symmes Township, OH (US);
Attorney:
Primary Examiner:
Int. Cl.
CPC ...
G06Q 40/00 (2012.01); G06Q 20/02 (2012.01); G06Q 20/10 (2012.01); G06Q 20/22 (2012.01);
U.S. Cl.
CPC ...
G06Q 20/023 (2013.01); G06Q 20/10 (2013.01); G06Q 20/227 (2013.01);
Abstract
Systems and methods are provided for transferring settlement funds received into a pooled settlement account of an acquirer processor account to one or more financial accounts of a merchant. The transferring of the funds can be directed by one or more settlement rules defined by a merchant. The type of transfer method can be based on the type of financial account. Example types of transfers include Automated Clearing House (ACH) transfers and intrabank transfers.