Alias management and off-us dda processing

Abstract

An alias management and off-us demand deposit account processing system is disclosed. A sending entity initiates a value transfer with a payment processing network indicating a value transfer providing issuer which will conduct the value transfer and a demand deposit account issuer which hosts the demand deposit account that funds the value transfer. The sending entity is able to conduct a value transfer via a value transfer providing issuer using funds from an account with another issuer.

Description

CROSS-REFERENCES TO RELATED APPLICATIONS[0001]The present non-provisional application claims the benefit under 35 U.S.C. §119(e) of U.S. Provisional Patent Application No. 61 / 325,809, entitled “ALIAS MANAGEMENT FOR VALUE TRANSFER,” filed Apr. 19, 2010, of U.S. Provisional Patent Application No. 61 / 349,473, entitled “VALUE TRANSFER DEVELOPMENT KIT,” filed May 28, 2010, and of U.S. Provisional Patent Application No. 61 / 348,524, entitled “VALUE TRANSFER CLAIM SYSTEM AND METHOD,” filed May 26, 2010, the entire disclosure of each of the referenced applications is incorporated herein by reference in their entirety for all purposes.BACKGROUND[0002]Value transfers enable a sending entity to transfer value to a recipient entity. Traditionally, such value transfers originate from financial institutions, e.g., issuers, which both support value transfer functionality and are associated with the account that funds the value transfer. However, sending entities, such as consumers, often have accou...

AI Technical Summary

Benefits of technology

[0005]Embodiments of the invention disclosed herein include systems, technical architecture of the systems, and methods for an alias management and off-us DDA processing system. An alias management and off-us DDA processing system can be implemented using one or more computer apparatuses and databases.

Problems solved by technology

However, sending entities, such as consumers, often have accounts with more than one issuer, and not all such issuers may have adopted value transfer capability.

Thus, sending entities may not have the ability to send value transfers using funds from any of their accounts.

Issuers adopting value transfer functionality also monetize only value transfers from accounts they host, and cannot earn money for providing value transfer functionality to other issuers or entities.

Without a method to share money transfer functionality, the large scale adoption of value transfer may be limited.

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