US7249098B2
Expired / Lapsed
US
⏱️ 0.0 years remaining
Subscription-based payment
Assignee: First Data Corp
•
Filing: 2001-10-29
•
Granted: 2007-07-24
•
Expires: 2021-10-29
Abstract
Abstract According to the invention, a method for automatically processing a recurring transfer request from a stored value fund with an online system is disclosed. A handler associated with a payor is determined and money is transferred from that handler to the stored value fund. In one step, the payor is informed that a payee accepts payment from the online system. Subscription type information is received, which includes at least two of a per-request payment cap, a fixed payment amount, a limit on payment per time period, a limit on the number of payments in the time period, and a time period. Pay-out instructions are also received and include at least two of a payor identifier, a payee identifier, a transfer amount, a payment description. The transfer amount is automatically sent from the stored value fund to the payee.
Inventors
- 👤 Susan M. Milberger
- 👤 Jeff D. Sherrard
- 👤 Amy M. Dunker
- 👤 Jackie M. Macfarlane
- 👤 Eric L. Platte
- 👤 Susan F. Abrahams
- 👤 Cheryl L. Neofytides
- 👤 Aamer Ali Baig
- 👤 Peter M. Karas
- 👤 James E. Cowell
- 👤 James R. Yoder
- 👤 Matt F. Golub
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-11-09 15:03
CPC Classifications
G; G06; G06Q; G06Q20/00; G06Q20/02; G06Q20/04; G06Q20/08; G06Q20/10; G06Q20/102; G06Q20/38; G06Q20/40; G06Q30/00; G06Q30/06
Claims Analysis
Total Claims: 30
Claim 1
Independent Claim
125 words
A method for automatically processing a recurring transfer request from a stored value fund with an online system, the method comprising: determining a handler associated with a payor; transferring money from the handler to the stored value fund; informing the payor that a payee accepts payment from the online system; receiving subscription type information which includes at least two of a per-request payment cap, a fixed payment amount, a limit on payment per time period, a limit on the number of payments in the time period, and a time period; receiving pay-out instructions that include at least two of a payor identifier, a payee identifier, a transfer amount, a payment description; and transferring the transfer amount from the stored value fund to the payee automatically.
Claim 2
Independent Claim
125 words
A method for automatically processing a recurring transfer request from a stored value fund with an online system, the method comprising: determining a handler associated with a payor; transferring money from the handler to the stored value fund; informing the payor that a payee accepts payment from the online system; receiving subscription type information which includes at least two of a per-request payment cap, a fixed payment amount, a limit on payment per time period, a limit on the number of payments in the time period, and a time period; receiving pay-out instructions that include at least two of a payor identifier, a payee identifier, a transfer amount, a payment description; and transferring the transfer amount from the stored value fund to the payee automatically.
Claim 3
Dependent Claim
44 words
The method for automatically processing the recurring transfer request from the stored value fund with the online system as recited in claim 1 , wherein the second-listed transferring step comprises transferring the transfer amount to a second stored value fund associated with the payee.
Claim 4
Dependent Claim
40 words
The method for automatically processing the recurring transfer request from the stored value fund with the online system as recited in claim 1 , wherein the second-listed transferring step does not require any human interaction to fulfill the pay-out instructions.
Claim 5
Dependent Claim
42 words
The method for automatically processing the recurring transfer request from the stored value fund with the online system as recited in claim 1 , wherein the second-listed transferring step comprises transferring the transfer amount to a second handler associated with the payee.
Claim 6
Dependent Claim
69 words
The method for automatically processing the recurring transfer request from the stored value fund with the online system as recited in claim 4 , wherein the second handler includes at least one of a bank, a credit card company, a debit card company, an agent location, a stored value fund, and an airline mileage program, a gift certificate issuer, an electronic gift certificate issuer, and a money order issuer.
Claim 7
Dependent Claim
54 words
The method for automatically processing the recurring transfer request from the stored value fund with the online system as recited in claim 1 , wherein the handler includes at least one of a bank, a credit card company, a debit card company, an agent location, a stored value fund, and an airline mileage program.
Claim 8
Dependent Claim
67 words
The method for automatically processing the recurring transfer request from the stored value fund with the online system as recited in claim 1 , further comprising a steps of: sending notification to the payor after receiving the pay-out instructions; waiting a period of time between the sending step and the second-listed transferring step; canceling the second-listed transferring step if the payor declines within the period of time.
Claim 9
Dependent Claim
47 words
The method for automatically processing the recurring transfer request from the stored value fund with the online system as recited in claim 1 , wherein the transfer amount corresponds to at least one of: currency, monetary value, airline mileage, promotional program points, gift certificate credit, and commodities.
Claim 10
Dependent Claim
40 words
The method for automatically processing the recurring transfer request from the stored value fund with the online system as recited in claim 1 , wherein the payor, the handler and the payee are remotely located with respect to each other.
Claim 11
Dependent Claim
31 words
A computer-readable medium having computer-executable instructions for performing the computer-implementable method for automatically processing the recurring transfer request from the stored value fund with the online system of claim 1 .
Claim 12
Dependent Claim
44 words
The method for automatically processing the recurring transfer request from the stored value fund with the online system as recited in claim 1 , wherein the determining step comprises a step of determining by the online system a handler previously associated with a payor.
Claim 13
Dependent Claim
35 words
The method for automatically processing the recurring transfer request from the stored value fund with the online system as recited in claim 1 , wherein the stored value fund is hosted by the online system.
Claim 14
Dependent Claim
35 words
The method for automatically processing the recurring transfer request from the stored value fund with the online system as recited in claim 1 , wherein the receiving steps receive information online at the online system.
Claim 15
Dependent Claim
43 words
The method for automatically processing the recurring transfer request from the stored value fund with the online system as recited in claim 1 , further comprising a step of determining if the transfer amount violates any limits specified in the subscription type information.
Claim 16
Independent Claim
129 words
A method for automatically processing a transfer request from a stored value fund with an online system, the method comprising: determining a handler associated with a payor; transferring money from the handler to the stored value fund; informing the payor that a payee accepts payment from the online system; receiving subscription type information which includes at least one of a per-request payment cap, a fixed payment amount, a limit on payment per time period, a limit on the number of payments in the time period, and a time period; receiving pay-out instructions that include at least two of a payor identifier, a payee identifier, a transfer amount, a payment description; and transferring the transfer amount from the stored value fund to a second handler associated with the payee automatically.
Claim 17
Independent Claim
129 words
A method for automatically processing a transfer request from a stored value fund with an online system, the method comprising: determining a handler associated with a payor; transferring money from the handler to the stored value fund; informing the payor that a payee accepts payment from the online system; receiving subscription type information which includes at least one of a per-request payment cap, a fixed payment amount, a limit on payment per time period, a limit on the number of payments in the time period, and a time period; receiving pay-out instructions that include at least two of a payor identifier, a payee identifier, a transfer amount, a payment description; and transferring the transfer amount from the stored value fund to a second handler associated with the payee automatically.
Claim 18
Dependent Claim
39 words
The method for automatically processing the transfer request from the stored value fund with the online system as recited in claim 15 , wherein the second-listed transferring step does not require any human interaction to fulfill the pay-out instructions.
Claim 19
Dependent Claim
68 words
The method for automatically processing the transfer request from the stored value fund with the online system as recited in claim 15 , wherein the second handler includes at least one of a bank, a credit card company, a debit card company, an agent location, a stored value fund, and an airline mileage program, a gift certificate issuer, an electronic gift certificate issuer, and a money order issuer.
Claim 20
Dependent Claim
53 words
The method for automatically processing the transfer request from the stored value fund with the online system as recited in claim 15 , wherein the handler includes at least one of a bank, a credit card company, a debit card company, an agent location, a stored value fund, and an airline mileage program.
Claim 21
Dependent Claim
66 words
The method for automatically processing the transfer request from the stored value fund with the online system as recited in claim 15 , further comprising a steps of: sending notification to the payor after receiving the pay-out instructions; waiting a period of time between the sending step and the second-listed transferring step; canceling the second-listed transferring step if the payor declines within the period of time.
Claim 22
Dependent Claim
30 words
A computer-readable medium having computer-executable instructions for performing the computer-implementable method for automatically processing the transfer request from the stored value fund with the online system of claim 15 .
Claim 23
Independent Claim
161 words
A method for automatically processing a transfer request from a stored value fund with an online system, the method comprising: determining a handler associated with a payor; transferring money from the handler to the stored value fund; informing the payor that a payee accepts payment from the online system; receiving subscription type information which includes at least one of a per-request payment cap, a fixed payment amount, a limit on payment per time period, a limit on the number of payments in the time period, and a time period; receiving pay-out instructions that include at least two of a payor identifier, a payee identifier, a transfer amount, a payment description; sending notification to the payor after receiving the pay-out instructions; waiting a period of time between the sending step and the second-listed transferring step; transferring the transfer amount from the stored value fund to the payee; and canceling the second-listed transferring step if the payor declines within the period of time.
Claim 24
Independent Claim
161 words
A method for automatically processing a transfer request from a stored value fund with an online system, the method comprising: determining a handler associated with a payor; transferring money from the handler to the stored value fund; informing the payor that a payee accepts payment from the online system; receiving subscription type information which includes at least one of a per-request payment cap, a fixed payment amount, a limit on payment per time period, a limit on the number of payments in the time period, and a time period; receiving pay-out instructions that include at least two of a payor identifier, a payee identifier, a transfer amount, a payment description; sending notification to the payor after receiving the pay-out instructions; waiting a period of time between the sending step and the second-listed transferring step; transferring the transfer amount from the stored value fund to the payee; and canceling the second-listed transferring step if the payor declines within the period of time.
Claim 25
Dependent Claim
39 words
The method for automatically processing the transfer request from the stored value fund with the online system as recited in claim 21 , wherein the second-listed transferring step does not require any human interaction to fulfill the pay-out instructions.
Claim 26
Dependent Claim
41 words
The method for automatically processing the transfer request from the stored value fund with the online system as recited in claim 21 , wherein the second-listed transferring step comprises transferring the transfer amount to a second handler associated with the payee.
Claim 27
Dependent Claim
30 words
A computer-readable medium having computer-executable instructions for performing the computer-implementable method for automatically processing the transfer request from the stored value fund with the online system of claim 21 .
Claim 28
Dependent Claim
41 words
The method for automatically processing the transfer request from the stored value fund with the online system as recited in claim 21 , wherein the second-listed transferring step comprises a step of transferring the transfer amount in a plurality of transfers.
Claim 29
Dependent Claim
37 words
The method for automatically processing the transfer request from the stored value fund with the online system as recited in claim 21 , further comprising a step of checking the pay-out instructions against the subscription type information.
Claim 30
Dependent Claim
32 words
The method for automatically processing the transfer request from the stored value fund with the online system as recited in claim 21 , wherein the fixed payment amount is a per-request limit.
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USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 2010-07-23 | 2011-01-22 | 2011-07-24 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2014-07-23 | 2015-01-22 | 2015-07-24 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2018-07-23 | 2019-01-22 | 2019-07-24 | $7700.00 | Window Closed / Lapsed |