Title:
AN ENHANCED SYSTEM FOR ELECTRONIC FUNDS TRANSFER AND ELIMINATION OF THE PAYEE'S NEED FOR ENCRYPTION AND PRIVACY
Document Type and Number:
WIPO Patent Application WO2004078710
Kind Code:
A3
Abstract:
The present invention relates to a central (root) directory and/or network of directories to linked credit accounts. Each linked credit account accepts, or is responsive to incoming payments or credits (40), without the need for access numbers, account numbers, routing numbers, or the like (30). The payment/deposit account may be set up as a deposit only account (e.g., it cannot pay out or be debited in the traditional sense). In this way, it can be effective in eliminating many of the security requirements of a traditional financial account.
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Inventors:
MODIGLIANI FRANCO (US)
O'BRIEN RICHARD JAMES (US)
VITAGLIANO FRANCIS M (US)
O'BRIEN RICHARD JAMES (US)
VITAGLIANO FRANCIS M (US)
Application Number:
PCT/US2004/005712
Publication Date:
October 06, 2005
Filing Date:
February 27, 2004
Export Citation:
Assignee:
PAYMENT PATHWAYS INC (US)
MODIGLIANI FRANCO (US)
O'BRIEN RICHARD JAMES (US)
VITAGLIANO FRANCIS M (US)
MODIGLIANI FRANCO (US)
O'BRIEN RICHARD JAMES (US)
VITAGLIANO FRANCIS M (US)
International Classes:
G06Q20/02; G06Q20/04; G06Q20/10; G06Q40/00; C07D; (IPC1-7): G06F17/60
Foreign References:
| US20020077978A1 | 2002-06-20 |
Other References:
MORTON W. ET AL: "The web is suddenly crowded with online-payment serices: Here's how they compare.", ASIAN WALL STREET JOURNAL., vol. 23, no. 42, 10 December 2001 (2001-12-10), pages T8, XP008100264
SCHESCHUK B. ET AL: "Pay it on the Net.", CMA MANAGEMENT., vol. 75, no. 4, June 2001 (2001-06-01), pages 30, XP008102411
BECKETT P. ET AL: "Credir Card Firms Get Into Web Game---Online Payment Initiatives Are a Must.", ASIAN WALL STREET JOURNAL., vol. 23, no. 9, 3 April 2001 (2001-04-03), pages N1, XP008100263
BROOKS A. ET AL: "Still Waiting for the E-Mail and Faxes to Start Coming in?", NEW YORK TIMES., 19 December 1996 (1996-12-19), pages C7, XP008103076
See also references of EP 1604314A4
SCHESCHUK B. ET AL: "Pay it on the Net.", CMA MANAGEMENT., vol. 75, no. 4, June 2001 (2001-06-01), pages 30, XP008102411
BECKETT P. ET AL: "Credir Card Firms Get Into Web Game---Online Payment Initiatives Are a Must.", ASIAN WALL STREET JOURNAL., vol. 23, no. 9, 3 April 2001 (2001-04-03), pages N1, XP008100263
BROOKS A. ET AL: "Still Waiting for the E-Mail and Faxes to Start Coming in?", NEW YORK TIMES., 19 December 1996 (1996-12-19), pages C7, XP008103076
See also references of EP 1604314A4
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