54 results about "Direct deposit" patented technology

A credit underwriting technique that allows a consumer to gain early access to funds for paying bills or conducting financial transactions contingent upon the consumer having a high-degree of reliability on the reception of future funds, and / or the granting of access to at least a portion of the funds represented by the future funds when received. The access can be in the form of a paper check that is issued from an account in which the paycheck is deposited, an electronic fund transfer from the same account, or a direct deposit of the paycheck into either a lender accessible account or into the lenders account directly. The access can be applied for aggregated financial transactions or can be periodically applied for recurring transactions.

Embodiments of the present invention include transfer account systems, computer program products, and associated computer-implemented methods of providing prioritized payments from the proceeds of automatic or direct deposits. Embodiments of the present invention include routing automatic deposit information to a financial institution computer managing a prioritized payment program and formulating an outgoing ACH file with both an entry for an automatic deposit destined for a customer account and an entry for a pre-authorized prioritized payment to a select creditor, so that the automatic deposit is credited to the customer account and relatively instantaneously any prioritized payment is debited from the customer account. According to embodiments of the present invention, the customer account can be a prepaid card account so that a customer has effective access on the prepaid card only to a net value of funds.

A card-based system for a non-bank entity to indirectly provide direct deposit capabilities for funds representing pre-payments for negotiable instruments. When a direct deposit of funds into a first account associated with the individual and maintained by a first entity is detected, the total amount of the funds is transferred into a second account associated with the individual and maintained by a second entity. The first entity is a bank or other financial institution subject to federal banking regulations, while the second entity is not subject to federal banking regulations. The individual may withdraw the funds from the second account by using a card at an ATM or POS terminal requesting the issuance of negotiable instruments. Negotiable instruments may be issued in any dollar amount not exceeding the balance of the second account. A properly enrolled customer may make subsequent deposits into the second account. Security is provided by requiring the presentation of identify verification when the negotiable instruments are endorsed and cashed.

Embodiments of the present invention include transfer account systems, computer program products, and associated computer-implemented methods of providing prioritized payments from the proceeds of automatic or direct deposits. Embodiments of the present invention include routing automatic deposit information to a financial institution computer managing a prioritized payment program and formulating an outgoing ACH file with both an entry for an automatic deposit destined for a customer account and an entry for a pre-authorized prioritized payment to a select creditor, so that the automatic deposit is credited to the customer account and relatively instantaneously any prioritized payment is debited from the customer account. According to embodiments of the present invention, the customer account can be a checking, deposit, savings, money market, or other account as understood by those skilled in the art, so that a customer has effective access through the customer account only to a net value of funds.

Methods for consumers to pay at the point of sale by using a personal communicator (30) to wire transfer funds (1364) out of their bank (40) account. The communicator (30) is coupled to, and exchanges signals with a reciprocating communicator (1350) of the seller, which in turn is coupled (1356) to the seller's bank (60). This way the money is transferred as an EFT payment code (1364) directly from the buyer's bank (40) to the seller's bank (60), where it may be considered direct deposited, without processing delays. Devices also include vending machines that can receive payment this way. Bank computers are provided with systems and software for enabling the above. The bank computers are accessible by telephone lines, and work with cooperating banks by exchanging signals, for transferring the funds. The seller's bank (60) generates a payment confirmation code (1368) that is ultimately transmitted to the seller's satisfaction for releasing the goods at the point of sale.

The invention provides a computerized electronic auction payment system and method for effecting a real-time payment for an item won in an electronic auction by setting up and maintaining electronic auction payment accounts for prospective bidders and sellers. The prospective bidders provide funds to their electronic auction payment accounts maintained by the computerized electronic auction payment system, prior to being deemed as winning bidders, via direct deposit, using a credit card, or sending a check, money order, or other financial document to an operator of the computerized electronic auction payment system. In one embodiment, upon being deemed as a winning bidder, the winning bidder accesses a payment page, enters the total amount of funds to be transferred to the seller, and authorizes the computerized electronic auction payment system to effect a real-time payment by debiting his, i.e., the winning bidder's, respective electronic auction payment account and crediting the electronic auction payment account of the seller, and / or another account specified by the seller. In an alternate embodiment, the prospective bidder authorizes the computerized electronic auction payment system to effect a real-time payment to the seller upon the prospective bidder being deemed the winning bidder (i.e., immediately following the conclusion of the auction). That is, without the winning bidder having to access the payment page.

Methods for consumers to pay at the point of sale by using a personal communicator to wire transfer funds out of their bank account. The communicator is coupled to, and exchanges signals with a reciprocating communicator of the seller, which in turn is coupled to the seller's bank. This way the money is transferred as an EFT payment code directly from the buyer's bank to the seller's bank, where it may be considered direct deposited, without processing delays. Devices also include vending machines that can receive payment this way. Bank computers are provided with systems and software for enabling the above. The bank computers are accessible by telephone lines, and work with cooperating banks by exchanging signals, for transferring the funds. The seller's bank generates a payment confirmation code that is ultimately transmitted to the seller's satisfaction for releasing the goods at the point of sale.

Present Invention enables non-cash-paid workers / vendors to rapidly receive net or gross compensation for rendered services / products with or without personal access to banking—unlimited by time and volume restrictions currently imposed by private label pay cards and systems. Present invention is a method, via a client server system, by which a Compensation Payer can issue individual or bulk funds to a secure Payer account—accompanied by (a) payment manifest(s)—which automatically and verifiably distributes to Payee-controlled accounts from which Payees can privately direct some or all of the received compensation to multiple Payee-Directed Disbursement Devices, including, without exclusion of others, direct deposit, paper / e-checks, money orders, and virtually any kind, number, and combination of verifiably legitimate debit, credit, gas, phone, gift, or store cards, prioritized, among others, by card, card type, and dollar amounts at Payee's directions received prior to or anytime after a specific payout disbursement.

The invention provides a computerized electronic auction payment system and method for effecting a real-time payment for an item won in an electronic auction by setting up and maintaining electronic auction payment accounts for prospective bidders and sellers. The prospective bidders provide funds to their electronic auction payment accounts maintained by the computerized electronic auction payment system, prior to being deemed as winning bidders, via direct deposit, using a credit card, or sending a check, money order, or other financial document to an operator of the computerized electronic auction payment system. In one embodiment, a prospective bidder authorizes the computerized electronic auction payment system to effect a real-time payment to the seller upon the prospective bidder being deemed the winning bidder (i.e., immediately following the conclusion of the auction). That is, without the winning bidder having to access a payment page via an Internet connection to a particular web site.

The invention relates to a titania porous micro tube optical catalyst modified by silver for degrading fenol in water and relative preparation. The inventive catalyst is TiO2 porous micro tube modified by silver with specific structure composed from direct deposit method, that using titanic chloride as titanium source, directly hydrolyzing and depositing, in the condition with some dispersers, to be filtered, washed, dried, baked and activated to obtain final TiO2 optical catalyst modified by silver. The inventive catalyst has specific structure, integral appearance, and uniform aperture, thereby improving the ability for degrading fenol, with high activity in optical catalysis, the ability for degrading fenol into water and carbon dioxide, and wide application.

A system and method for financial management of advance earned income credit, wherein eligible taxpayers may elect direct deposit of their paychecks (i.e., net pay), advance earned income credit (advance EIC) inclusive, onto a stored-value debit card that functions as a main bank account. Thereafter, the advance EIC portion of the taxpayer's net pay may be automatically extracted from the net pay direct deposited onto the debit card and conveniently transferred into an associated sub-account (also referred to as a savings pocket or purse). Through the present debit card and associated sub-account program, and the accumulated advance EIC payments thereof, taxpayers may qualify to receive various benefits, including, without limitation, interest accumulation on sub-account balances, credit card issuance with overdraft protection, loan eligibility, and credit history development.

The direct deposit of photoelectric materials onto low-cost prefabricated patterned flexible electrodes provided by the present invention introduces a new design approach that permits the development of innovative lightweight, durable and non-planar sensing systems. By extending single and multi-spectral bioelectronic sensing technology to flexible plastic substrates, the invention offers a number of potential advantages over structurally rigid silicon-based microelectronics (e.g. CMOS) including a reduction in spatial requirements, weight, electrical power consumption, heat loss, system complexity, and fabrication cost.

System and method for authorizing third-party transactions for an account at a financial institution on behalf of the account holder. A financial institution can collect process, transmit and confirm authorizations to third parties for electronic payments and direct deposits on behalf of its account-holder customer. In at least some embodiments, a method of processing account-holder requests to authorize third-party transactions for an account includes the establishment of a pre-existing list of prospective third-party participants such as employers and billers. The financial institution receives account-holder requests to authorize third-party transactions. Specific requests from among the account-holder requests are matched to third-party participants and forwarded and can be confirmed. The system of the invention can include various engines and data repositories that work together to provide the means for implementing embodiments of the invention.

A computer-implemented method of establishing an online account for a prospective user, the method comprising the steps of establishing a first account through direct deposit, the settings of the first account being stored in a database; establishing a second account, the settings of the second account being stored in the database, wherein the second account includes a debit card associated with the direct deposit account; linking the first and second accounts such that control settings of the second account are determined through the first account; and making a donation from the second account using the debit card consistent with the control settings of the second account.