Electronic purchase method and funds transfer system

An electronic transaction method, funds transfer apparatus and method for facilitating a funds transfer. The methods comprise sending information from a purchaser or payor to a funds transfer system separate from a vendor system or payee, validating and confirming personal financial information at t...

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Bibliographische Detailangaben
Hauptverfasser:	Allen-Rouman, Terry, Arrington, Jack Michael, Desai, Keval, Dravenstott, Robert Edwin, Larson, Wendy D, Levokove, Scott J, Mascavage, III, John Joseph, Philipp, Peter Eric, Weichert, Margaret Morgan
Format:	Patent
Sprache:	eng
Online-Zugang:	Volltext bestellen
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Beschreibung
Zusammenfassung:	An electronic transaction method, funds transfer apparatus and method for facilitating a funds transfer. The methods comprise sending information from a purchaser or payor to a funds transfer system separate from a vendor system or payee, validating and confirming personal financial information at the funds transfer system, and transferring funds from a purchaser or payor account to the vendor or a payee account without exposing either party's financial and account information to the other. Additionally, a funds transfer apparatus is disclosed comprising connections to a payor and payee system and mechanisms for receiving and validating party and transaction information and a mechanism for transferring funds from one party to the other.