IP Library › Patent Application 14318535
Patent Application
App. No. 14/318,535

METHOD AND APPARATUS FOR FACILITATING ONLINE PAYMENT TRANSACTIONS IN A NETWORK-BASED TRANSACTION FACILITY USING MULTIPLE PAYMENT INSTRUMENTS

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Quick Facts
Patent No.
US None
App. No.
14/318,535
Abstract

A method and system for transferring value to a user of a transaction system including receiving from the user a request for value, evaluating the risk involved in providing the value by evaluating information accessible to the transaction system, selectively approving the request for value based on evaluating the risk involved, and distributing the value to the user. The information that is accessible to the transaction system may be stored at the transaction system or separated from the transaction system. The value may include funds, a line of credit, coupons, or gift certificates, and may be distributed over a period of time. The user may be a buyer or a seller.

Claims (5)

1 . A method of transferring value to a user of a transaction system, the method comprising:

using at least one processor, receiving from the user a request for value;

evaluating the risk involved in providing said value to the user by evaluating information accessible to the transaction system;

selectively approving the request for value based on the evaluating the risk involved; and

responsive to the request being approved, distributing said value to the user.

Assignments (2)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jul 23, 2015
From: EBAY INC.
To: PAYPAL, INC.
Reel/Frame 036171/0194 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Feb 26, 2015
From: MAY, JASON; FLINT, IAN
To: EBAY INC.
Reel/Frame 035042/0972 →