Is a
Patent attributes
Patent Jurisdiction
Patent Number
Patent Inventor Names
Henry M. Abelman0
Kenneth Algiene0
Peter M. Karas0
Date of Patent
February 12, 2013
Patent Application Number
10336149
Date Filed
January 2, 2003
Patent Citations Received
Patent Primary Examiner
Patent abstract
According to the invention, a method for automatically processing an incoming payment for a payee with an online money transfer system. In one step, information is received at the online money transfer system. That information relates to processing of one or more received payments associated with the payee. At some point, the incoming payment associated with the payee is received. A default repository for the incoming payment is determined. It is determined whether to transfer at least some of the incoming payment away from the default repository or escrow at least a portion of the incoming payment for benefit of at least one predetermined party. Either the earmark or the escrow is applied after this determination.
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