WIDE AREA NETWORK PERSON-TO-PERSON PAYMENT
According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user ( 110 ) in a stored value account on a server computer system ( 170 ). At the server computer system ( 170 ), a request from the first user ( 110 ) to send money to a second user ( 130 ) based on the stored value account is received. An electronic notification is sent from the server computer ( 170 ) to the second user ( 130 ) to notify the second user ( 130 ) of the request. A debit in the stored value account of the first user ( 110 ) is created. The requested money is sent to the second user ( 130 ) upon a receipt of a request at the server computer ( 170 ) from the second user ( 130 ).
1 - 41 . (canceled)
42 . A method for transferring money using a wide-area computer network and a stored value account, the method comprising:
creating the stored value account for a first user on a server computer system;
receiving at the server computer system a request from the first user to have a second user transfer money into the stored value account of the first user;
sending an electronic notification from the server computer system to the second user to notify the second user of the request to transfer money into the stored value account of the first user;
crediting the stored value account of the first user with the requested money upon receipt of an authorization at the server computer system from the second user;
receiving a trigger condition for the stored value account of the first user; and
automatically transferring credit from the stored value account of the first user when the trigger condition is satisfied.
43 . The method for transferring money using the computer network and the stored value account as recited in claim 42 , wherein the authorization includes information on a payment instrument from the second user.
44 . The method for transferring money using the computer network and the stored value account as recited in claim 42 , further comprising steps of:
receiving a trigger condition for the stored value account of the first user;
automatically transferring credit from the stored value account of the first user when the trigger condition is satisfied.
45 . The method for transferring money using the computer network and the stored value account as recited in claim 44 , wherein the trigger condition is selected from the following:
a credit balance in the stored value account exceeding a specified amount; and
a period of time expiring.
46 . The method for transferring money using the computer network and the stored value account as recited in claim 42 , wherein the first user, the second user and the server computer system are remote to each other.
47 . The method for transferring money using the computer network and the stored value account as recited in claim 42 , wherein the authorization includes an authorization to debit a second stored value account of the second user that is maintained on the server computer system.
48 . The method for transferring money using the computer network and the stored value account as recited in claim 42 , further comprising a step of receiving a second request at the server computer system to deposit funds into a bank account of the first user originating from the stored value account of the first user.
49 . The method for transferring money using the computer network and the stored value account as recited in claim 42 , wherein the computer server system comprises a plurality of computers coupled together by a computer network.
50 . The method for transferring money using the computer network and the stored value account as recited in claim 42 , wherein the requested money is unavailable until a future time specified by the second user.
51 - 65 . (canceled)