Method and system for processing internet payments

专利名称：Method and system for processing internet

payments using the electronic fundstransfer network

发明人：Denis O'Leary,Vincent D'Agostino,S. Richard

Re,Jessica Burney,Adam Hoffman

申请号：US13616383申请日：20120914公开号：US08595083B2公开日：20131126

专利附图：

摘要：Embodiments of the invention include a method and system for effectuating an

electronic payment between a payor and a payee using an Electronic Funds Transfer (EFT)network. The method is implemented by a system having multiple processors. The payormay hold a payor account at a payor institution and the payee may have a payee accountat a payee institution. The method includes generating a payment authorizationidentifying the payee institution, the payee account, and an amount of the payment andtransmitting the payment authorization to the payor institution. The method furtherincludes debiting the payor account by the amount of the payment; transmitting fromthe payor institution to the payee institution through the EFT network an EFT creditmessage representing a credit in the amount of the payment; and crediting the payeeaccount in the amount of the payment in response to the receipt of the EFT creditmessage.

申请人：Denis O'Leary,Vincent D'Agostino,S. Richard Re,Jessica Burney,Adam Hoffman

地址：New York NY US,New York NY US,Westfield NJ US,New York NY US,New YorkNY US

国籍：US,US,US,US,US

代理机构：Goodwin Procter LLP

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