| US 7,613,653 B2 | ||
| Money order debit from stored value fund | ||
| Susan M. Milberger, Englewood, Colo. (US); Jeff D. Sherrard, Lakewood, Colo. (US); Amy M. Dunker, Castle Rock, Colo. (US); Jackie M. Macfarlane, Parker, Colo. (US); Eric L. Platte, Castle Rock, Colo. (US); Susan F. Abrahams, Atlanta, Ga. (US); Cheryl L. Neofytides, Foral Park, N.Y. (US); Aamer Ali Baig, Forest Hills, N.Y. (US); Peter M. Karas, Lakewood, Colo. (US); James E. Cowell, Littleton, Colo. (US); James R. Yoder, Chicago, Ill. (US); and Matt F. Golub, Tera Fly, N.J. (US) | ||
| Assigned to First Data Corporation, Greenwood Village, Colo. (US); and The Western Union Company, Englewood, Colo. (US) | ||
| Filed on Oct. 26, 2001, as Appl. No. 10/45,632. | ||
| Application 10/045632 is a continuation in part of application No. 09/613615, filed on Jul. 11, 2000. | ||
| Application 09/613615 is a continuation in part of application No. 09/476384, filed on Dec. 30, 1999, abandoned. | ||
| Application 09/476384 is a continuation in part of application No. PCT/US01/22179, filed on Jul. 11, 2001. | ||
| Prior Publication US 2002/0161702 A1, Oct. 31, 2002 | ||
| This patent is subject to a terminal disclaimer. | ||
| Int. Cl. G06Q 40/00 (2006.01) | ||
| U.S. Cl. 705—39 | 27 Claims |
| 1. A method for transferring a credit amount from a payor to a payee using a negotiable instrument, the payor sending the
credit amount to the payee through an online computer system comprising a payment enabler and a wide-area network, a payor
computer and a payee computer are in communication with the wide-area network, the method comprising:
the payment enabler having a computer processor receiving pay-out instructions, the pay-out instructions include a payee,
a delivery location for the payee, and the credit amount, the credit amount having a first value;
the payment enabler receiving, from the payor computer, a first choice for a first handler, the first handler comprising one
of a debit card handler, a bank funds transfer handler, and a credit card handler;
the first handler receiving the credit amount having the first value from the payor, the first handler receiving the credit
amount having the first value as one of a group comprising a debit card transfer, a bank funds transfer, or a credit card
transfer;
the payment enabler receiving the credit amount having the first value from the first handler;
the payment enabler converting the credit amount from the first value to a second value, wherein the first value and the second
value are different forms of monetary value;
the payment enabler receiving a second choice of a second handler from the payee computer;
the payment enabler sending the pay-out instructions to the second handler;
the second handler receiving the credit amount having the second-value from the payment enabler;
the second handler creating a negotiable instrument according to the pay-out instructions, the negotiable instrument paid
with the credit amount of the second value; and
the second handler providing the negotiable instrument to the payee, wherein the negotiable instrument is provided to the
payee by sending the negotiable instrument to the payee's delivery location.
|