Payment real-time funds availability

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United States of America Patent

PATENT NO 10839359
APP PUB NO 20160300207A1
SERIAL NO

15131957

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A method including providing a payment application to a sender from an application service provider. The method also can include receiving a payment authorization from the sender through the payment application. The payment authorization can be made by the sender at a payment authorization time. The method additionally can include sending a first debit message from the application service provider to debit a first account maintained by a first financial institution based on the payment authorization. The method further can include receiving a first debit response at the application service provider in real-time after the payment authorization time. The method additionally can include generating a first promise-to-pay message for a second financial institution to credit a second account maintained by the second financial institution to make funds available in the second account in real-time after the payment authorization time. The method further can include sending the first promise-to-pay message. The method additionally can include receiving a first response at the application service provider indicating a successful credit of the second account maintained by the second financial institution. The method further can include sending a notification to the sender from the application service provider in real-time after the payment authorization time of the successful credit of the second account maintained by the second financial institution. Other embodiments are provided.

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Patent Owner(s)

Patent OwnerAddress
EARLY WARNING SERVICES LLC5801 N PIMA ROAD SCOTTSDALE AS 85250

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Alexander, Lou Anne Scottsdale, US 21 364
Hutchison, Chuck Phoenix, US 5 145
Kulkarni, Rajesh Scottsdale, US 19 254
McCormick, Austin Scottsdale, US 4 142
Novac, Gyorgyi Scottsdale, US 4 142
Weinflash, Laura Scottsdale, US 26 303

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