N TO N MONEY TRANSFERS
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United States of America Patent
Stats
-
N/A
Issued Date -
Jan 26, 2012
app pub date -
Jul 22, 2010
filing date -
Jul 22, 2010
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
Various methods, systems, and devices are described for performing money transfers to one or more payees from one or more payors using a money transfer system. A party, such as a payor, a payee, or a third party may create a set of payee rules. The same or a different party may also create a set of payor rules. The payee rules may comprise conditions which, when satisfied, permit a payee to receive funds from a funds pool. The payor rules may comprise conditions which, when satisfied, permit a payor to provide funds to the funds pool. The money transfer system may determine whether requests from a payor and a payee comply with the payor rules and the payee rules, respectively. Based on the determination, the payor and/or payee may be permitted to complete their requested transaction, or their transaction may be denied.
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