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System and method for peer-to-peer payments

A peer-to-peer, computer system technology, applied in the field of peer-to-peer payment systems and methods, can solve problems such as sender and receiver not meeting account standards

Pending Publication Date: 2021-04-23
VISA INT SERVICE ASSOC
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

As a result, many potential users are excluded from most peer-to-peer payment systems because the sender and receiver do not meet the account criteria to complete the payment within the platform

Method used

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  • System and method for peer-to-peer payments
  • System and method for peer-to-peer payments
  • System and method for peer-to-peer payments

Examples

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Embodiment Construction

[0011] The invention will now be described more fully with reference to the accompanying drawings, which form a part hereof, and which show by way of illustration specific exemplary embodiments by which the invention may be practiced. These illustrations and presentation of exemplary embodiments are to be understood as exemplifying the principles of one or more inventions and are not intended to limit any one invention to the illustrated embodiments. The invention may be embodied in many different forms, and should not be construed as limited to the embodiments set forth herein; rather, these embodiments are provided so that this disclosure will be thorough and complete, and will fully convey the scope of the invention to those skilled in the art. Technical staff. Furthermore, the present invention may be implemented as a method, system, computer readable medium, apparatus, component or device. Accordingly, the present invention can take the form of an entirely hardware embod...

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PUM

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Abstract

A computer-implemented method or a system including a processor and a memory may include instructions for receiving instructions from a sender computing system to facilitate sending a payment to a receiver computing system. The instructions may include a value and identifying information for both the sender computer system and the receiver computer system. The sender computer system may be indicated in financial institution system account data at a financial institution system and the receiver computer system may not be indicated in the financial institution system account data at the financial institution system. Further, no peer-to-peer payment system may include both the sender computer system and the receiver computer system. The memory may also include instructions for provisioning a virtual debit card including identifying information for the receiver computer system, adding the value to the virtual debit card, and sending the virtual debit card to the receiver computer system.

Description

Background technique [0001] Various platforms facilitate peer-to-peer electronic payments. However, these systems require at least one party (usually the sender) to have an account with a financial institution. Likewise, most systems require the sender and receiver to have accounts at the same financial institution or at least the same platform in order to complete the payment. As a result, many potential users are excluded from most peer-to-peer payment systems because the sender and receiver do not meet the account criteria to complete payments within the platform. Contents of the invention [0002] The following presents a simplified summary of the disclosure in order to provide a basic understanding of some aspects of the disclosure. This overview is not an exhaustive overview. It is not intended to identify key or critical elements of the disclosure or to delineate the scope of the disclosure. The following summary merely presents some concepts in a simplified form ...

Claims

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Application Information

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IPC IPC(8): G06Q20/02G06Q20/22G06Q20/34G06Q20/36
CPCG06Q20/223G06Q20/341G06Q20/351G06Q20/352G06Q20/3552G06Q20/3574G06Q20/3572G06Q20/3672G06Q20/36
Inventor A.辛格尔V.戈里尚克R.巴卡特
Owner VISA INT SERVICE ASSOC