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 - 63 . (canceled)
64 . 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 user on a server computer system;
receiving money in the stored value account;
receiving input from the user indicating a transfer method and trigger condition;
determining if the trigger condition is satisfied; and
automatically transferring credit from the stored value account of the user using the transfer method if the trigger condition is satisfied.
65 . The method for transferring money using the computer network and the stored value account as recited in claim 64 , wherein determining step includes one of the following steps:
determining a credit balance in the stored value account exceeds a specified amount; and
determining that a period of time has expired.