Patent application number | Description | Published |
20140250003 | ESTABLISHING AN ACCOUNT LIMIT FOR A DIGITAL WALLET ACCOUNT - Information is received via a wallet application on a mobile device. A verification process is performed on the information received via the wallet application. A limit is established for a user account based on an amount of the information received via the wallet application that is verified in the verification process. | 09-04-2014 |
20140278867 | SYSTEM AND METHOD FOR LOADING A DIGITAL WALLET - A system and method for facilitating a value exchange transaction are provided. A plurality of identifiers to be associated with a user account that is accessible via the wallet application is received by a networked system from a wallet application on a mobile device. In response, access is provided to a plurality of values corresponding to the received plurality of identifiers. The plurality of values includes monetary values and non-monetary values. | 09-18-2014 |
20140289109 | USING BIOMETRICS WITH A DIGITAL WALLET - A system and method for using biometrics with a digital wallet is provided. A biometric input is received from a user operating a mobile device having a wallet application. In response to the biometric input satisfying a requirement, access is provided to functions of a value exchange system via the wallet application operating on the mobile device of the user. | 09-25-2014 |
20140289110 | USING TOKENS IN DIGITAL WALLET TRANSACTIONS - A system and method for facilitating a value exchange transaction are provided. A request is received from a wallet application on a mobile device of a first user. The request indicates a transfer of a value to a second user. The value is associated with a source selected from a plurality of sources associated with a user account of the first user. The plurality of values comprises monetary values and non-monetary values. A token from the wallet application is received. The transfer of the value is validated using the token. | 09-25-2014 |
20140297520 | USE OF A DIGITAL WALLET APPLICATION - A system and method for using a digital wallet application is provided. In a wallet application on a mobile device, a list of entities is provided. The list of entities comprises entities with which the user has previously conducted a value transfer using the wallet application. A selection of an entity from the list of entities is received. A new value transfer is initiated with the selected entity in response to the received selection. | 10-02-2014 |
20140297525 | PROVIDING ESCROW SERVICE FOR DIGITAL WALLET TRANSACTIONS - A system and method for facilitating a value exchange transaction are provided. A request is received from a wallet application on a mobile device of a first user. The request indicates a transfer of a value to a second user. The value is associated with a source from a plurality of sources associated with a user account of the first user. The plurality of values comprise monetary values and non-monetary values. The value indicated in the request is transferred to an escrow account. | 10-02-2014 |
20140304154 | SYSTEM AND METHOD FOR USING A DIGITAL WALLET - A system and method for using a digital wallet are provided. A request is received from a wallet application on a mobile device of a first user. The request indicates a transfer of a value to a second user. The value is associated with a source selected from a plurality of sources associated with a user account of the first user. The plurality of sources is associated with monetary values and non-monetary values. The value indicated in the request is transferred. The source of the value is updated to reflect the transfer of the value to the second user. | 10-09-2014 |
Patent application number | Description | Published |
20080319873 | SYSTEM AND METHOD FOR FACILITATING VALUE EXCHANGES - A system and method for facilitating a value exchange transaction. A first party initiates the transaction by selecting or providing an identifier of another party and the value to be exchanged. The second party may be identified by a pre-existing identifier such as an electronic mail address, telephone number, etc. The system informs the second party of the transaction (e.g., using the specified pre-existing identifier). If the second party is not a registered user of the system, he or she is invited to register and complete the transaction. The system may comprise a synchronization server for exchanging transaction details with users' devices, a communication server for registering new users and/or conducting transactions online and a financial server for interacting with external financial institutions. | 12-25-2008 |
20080319874 | SYSTEM AND METHOD FOR EXCHANGING VALUES BASED ON TELEPHONE NUMBER OF AN ENTITY - A system and method for facilitating a value exchange transaction. A first party initiates the transaction by selecting or providing an identifier of another party and the value to be exchanged. The second party may be identified by a pre-existing identifier such as an electronic mail address, telephone number, etc. The system informs the second party of the transaction (e.g., using the specified pre-existing identifier). If the second party is not a registered user of the system, he or she is invited to register and complete the transaction. The system may comprise a synchronization server for exchanging transaction details with users' devices, a communication server for registering new users and/or conducting transactions online and a financial server for interacting with external financial institutions. | 12-25-2008 |
20080319875 | SYSTEM AND METHOD FOR FACILITATING VALUE EXCHANGES USING MOBILE DEVICES - A system and method for facilitating a value exchange transaction. A first party initiates the transaction by selecting or providing an identifier of another party and the value to be exchanged. The second party may be identified by a pre-existing identifier such as an electronic mail address, telephone number, etc. The system informs the second party of the transaction (e.g., using the specified pre-existing identifier). If the second party is not a registered user of the system, he or she is invited to register and complete the transaction. The system may comprise a synchronization server for exchanging transaction details with users' devices, a communication server for registering new users and/or conducting transactions online and a financial server for interacting with external financial institutions. | 12-25-2008 |
20080319899 | SYSTEM AND METHOD FOR ELECTRONICALLY EXCHANGING VALUE AMONG DISTRIBUTED ENTITIES BASED ON ELECTRONIC MAIL ADDRESSES - A system and method for facilitating a value exchange transaction. A first party initiates the transaction by selecting or providing an identifier of another party and the value to be exchanged. The second party may be identified by a pre-existing identifier such as an electronic mail address, telephone number, etc. The system informs the second party of the transaction (e.g., using the specified pre-existing identifier). If the second party is not a registered user of the system, he or she is invited to register and complete the transaction. The system may comprise a synchronization server for exchanging transaction details with users' devices, a communication server for registering new users and/or conducting transactions online and a financial server for interacting with external financial institutions. | 12-25-2008 |
20100262544 | SYSTEM AND METHOD FOR FACILITATING VALUE EXCHANGES USING MOBILE DEVICES - A system and method for facilitating a value exchange transaction. A first party initiates the transaction by selecting or providing an identifier of another party and the value to be exchanged. The second party may be identified by a pre-existing identifier such as an electronic mail address, telephone number, etc. The system informs the second party of the transaction (e.g., using the specified pre-existing identifier). If the second party is not a registered user of the system, he or she is invited to register and complete the transaction. The system may comprise a synchronization server for exchanging transaction details with users' devices, a communication server for registering new users and/or conducting transactions online and a financial server for interacting with external financial institutions. | 10-14-2010 |
20120041876 | INSTANT AVAILABILITY OF ELECTRONICALLY TRANSFERRED FUNDS - A system and method for making proceeds of an ACH (Automated Clearinghouse) transaction available to a user before the transaction is completed. The system may be part of an on-line system or traditional merchant configured to facilitate payments or fund transfers from users. A user requests the transfer of funds to an entity (e.g., another user, a merchant, the user's account with the system) via an ACH entry. The system calculates a risk associated with the user, while considering various data (e.g., number of previous ACH entries, how many failed, how many succeeded, amount of the transfer). If the risk is low enough, the ACH entry is initiated and the desired funds are released for the transfer even before the ACH entry clears. The ACH entry may be presented as a default choice for funding the transfer. | 02-16-2012 |
20120278239 | INSTANT AVAILABILILTY OF ELECTRONICALLY TRANSFERRED FUNDS - A system and method for making proceeds of a transaction available to a user before the transaction is completed is provided. The system may be part of an on-line system or traditional merchant configured to facilitate payments or fund transfers from users. In example embodiments, a request from a first entity to conduct a transaction involving a first value is received. Funds of the transaction are caused to be released prior to the transaction clearing a financial institution. Based on the transaction being rejected by the financial institution, at least a portion of the first value is charged against a credit source. | 11-01-2012 |