Methods And Apparatus For Funds Remittances To Non-payment Card Accounts Using Payment Card System

  • Published: Oct 16, 2008
  • Earliest Priority: Apr 06 2007
  • Family: 25
  • Cited Works: 1
  • Cited by: 2
  • Cites: 5
  • Additional Info: Full text

A method includes receiving a funds transfer request (figure 42). The request specifies a transaction amount, a destination bank account and a source payment card account. A response to the request includes initiating a payment transaction to transfer the transaction amount from the source payment card account to a payment card system settlement account that was established by a payment card system with an agent bank. The response to the request also includes issuing an instruction for the agent bank to transfer the transaction amount from the settlement account to the destination bank account.

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Document History
  • Publication: Oct 16, 2008
  • Application: Apr 4, 2008
    WO US 2008/0059401 W
  • Priority: Dec 5, 2007
    US US 95104307 A
  • Priority: Apr 6, 2007
    US US 91055007 P

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