| US 7,574,405 B2 | ||
| Apparatus and method for verifying source of funds regarding financial transactions | ||
| Elizabeth K. Rallo, Easton, Conn. (US); Jane Kilduff Alpert, Stamford, Conn. (US); Antonio Masone, Wilton, Conn. (US); and Chris L. Gougler, Coppell, Tex. (US) | ||
| Assigned to General Electric Captical Corporation, Stamford, Conn. (US) | ||
| Filed on Dec. 23, 2004, as Appl. No. 11/21,794. | ||
| Prior Publication US 2006/0143123 A1, Jun. 29, 2006 | ||
| Int. Cl. G06Q 40/00 (2006.01) | ||
| U.S. Cl. 705—44 [705/39] | 14 Claims |
| 1. A method for facilitating verification of a source of funds for payment to an account, comprising:
receiving pre-verified payment information associated with the account for a payment to the account, the pre-verified payment
information verifying the account is an approved source of funds;
receiving a first indication of a payment for the account, the first indication of the payment including a source of funds
for the payment;
determining a first determination to determine whether the source of funds for the payment is an approved source of funds
by comparing the first indication of the payment for the account and the received pre-verified payment information;
determining the account is associated with more than one source of funds;
determining that each of the sources of funds for the payment is an approved source of funds by comparing the indication of
the payment for the account and the received pre-verified payment information;
determining a second indication of the payment for the account, the second indication of the payment including a source of
funds for the payment not received with the first indication of the payment;
determining a second determination to determine whether the source of funds for the payment is an approved source of funds
by comparing the second indication of the payment for the account and the received pre-verified payment information; and
providing, at least in an instance the source of funds for the payment is not an approved source of funds, a notification
via electronic communication.
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