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:
Jun. 05, 2018
Filed:
Dec. 12, 2014
Square, Inc., San Francisco, CA (US);
Anish Bhatt, San Francisco, CA (US);
Charles Kimble, San Francisco, CA (US);
Square, Inc., San Francisco, CA (US);
Abstract
Introduced here is a technology that enables a bill payer, who is an account holder at a financial institution (e.g., a bank), to send a bill payment to a bill payee by submitting, via a financial application of the financial institution, the bill payee's identifier and a bill payment amount, where funds for the bill payment amount are transferred directly to the bill payee substantially instantaneously upon the bill payer's request. The technology involves communication between a computer system of a financial institution ('financial institution system'), a mobile financial application installed on a bill payer's mobile device, and a third-party, remote computer system of a payment service ('PSS'). Upon receiving the identifier and amount from the financial institution system, the PSS identifies payment card information of the bill payer and the bill payee, and executes, or triggers execution of, the transfer of funds for the bill payment.