System and method for sending money via e-mail over the internet

a technology of electronic mail and money, applied in the field of system and method for sending money via electronic mail over the internet, can solve the problems of slow and burdensome alternative of sending cash or a check via physical delivery service, difficulty in sending money over the internet, and difficulty in obtaining a shorter delivery time,
US20130275301A1Inactive Publication Date: 2013-10-17JPMORGAN CHASE BANK NA
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Patent Information

Authority / Receiving Office
US · United States
Patent Type
Applications(United States)
Current Assignee / Owner
JPMORGAN CHASE BANK NA
Publication Date
2013-10-17
Estimated Expiration
Not applicable · inactive patent

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Abstract

A method and system for transferring money from a sender to a receiver utilizing a computer network such as the Internet. The sender visits a web site and identifies, to the server over the Internet, the receiver, an e-mail address of the receiver, an amount of money to be transferred, and a withdraw account from which money is to be transferred. Money is transferred from the withdraw account and deposited into a holding account. The server automatically sends an e-mail to the receiver, to inform the receiver that the sender has transferred money and to request the receiver to visit the web site to receive money. The receiver visits the web site of the server in response to the e-mail and identifies a deposit account to which money is to transferred. Money is withdrawn from the holding account and deposited in the deposit account.
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Description

BACKGROUND OF THE INVENTION

[0001] The present invention generally relates to a system and method for sending money via electronic mail and, more particularly, to a system and method for sending money via electronic mail over a computer network wherein a sender identifies a withdraw account such as a checking account and / or a credit card account and a receiver identifies a deposit account such as a checking account or credit card account.

[0002] The Internet is a public network of computers which is, in simplified fashion, a web of autonomous computers and computer servers (“ACCS”) linked to data switches or routers and connected together. The ACCS are typically owned and operated by Internet Service Providers (“ISP”) such as PSI, UUNET, MCI, SPRINT, etc. The ACCS are link by telecommunication lines to form the Internet. Large data sources such as universities, governments, and corporations, collect and market information through their own Internet servers connected to the Internet. Use...

Claims

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