Patents Assigned to Money Networks Financial, LLC
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Publication number: 20150081526Abstract: A payroll receiving and accessing system includes an enrollment kit. The kit includes activation instructions and an enrollment form for assigning an account identifier that identifies an account for receiving payroll funds due an employee. The system also includes an account activation system programmed to receive an activation request by the employee to activate the account, provide to the employee disbursement options including at least receiving payroll funds by negotiable instrument and receiving payroll funds by presentation instrument, receive from the employee a selection from among the disbursement options, and establish the selection. The system also includes a trustee account for the benefit of the employee for receiving the payroll funds due the employee and a system configured to disburse the funds to the employee in accordance with the selection.Type: ApplicationFiled: June 13, 2014Publication date: March 19, 2015Applicant: MONEY NETWORK FINANCIAL, LLCInventors: Richard Jackman, Mark Herrington, Mark V. Putman
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Publication number: 20140244501Abstract: A value distribution method includes enrolling a payee into a source program through which the payee receives funds from a payer. The source program includes a stored value account into which the payer deposits the payee's funds. The stored value account has account information associated therewith. The method also includes receiving a porting trigger, and, in response to the porting trigger, establishing a target program for the payee. The target program includes a target account into which entities in addition to the payer may deposit funds. The method also includes porting at least a portion of the account information from the source program to the target program.Type: ApplicationFiled: February 26, 2014Publication date: August 28, 2014Applicant: MONEY NETWORK FINANCIAL, LLCInventors: Richard Jackman, Mark Herrington, Mark V. Putman
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Patent number: 8775279Abstract: A payroll receiving and accessing system includes an enrollment kit. The kit includes activation instructions and an enrollment form for assigning an account identifier that identifies an account for receiving payroll funds due an employee. The system also includes an account activation system programmed to receive an activation request by the employee to activate the account, provide to the employee disbursement options including at least receiving payroll funds by negotiable instrument and receiving payroll funds by presentation instrument, receive from the employee a selection from among the disbursement options, and establish the selection. The system also includes a trustee account for the benefit of the employee for receiving the payroll funds due the employee and a system configured to disburse the funds to the employee in accordance with the selection.Type: GrantFiled: June 6, 2008Date of Patent: July 8, 2014Assignee: Money Network Financial, LLCInventors: Richard Jackman, Mark Herrington, Mark V. Putman
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Patent number: 8700507Abstract: A value distribution method includes enrolling a payee into a source program through which the payee receives funds from a payer. The source program includes a stored value account into which the payer deposits the payee's funds. The stored value account has account information associated therewith. The method also includes receiving a porting trigger, and, in response to the porting trigger, establishing a target program for the payee. The target program includes a target account into which entities in addition to the payer may deposit funds. The method also includes porting at least a portion of the account information from the source program to the target program.Type: GrantFiled: August 6, 2007Date of Patent: April 15, 2014Assignee: Money Networks Financial, LLCInventors: Richard Jackman, Mark Herrington, Mark V. Putman
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Patent number: 8365987Abstract: A presentation instrument package includes a presentation instrument and a negotiable instrument. The package is configured for display at a point-of-sale, and the presentation instrument and negotiable instrument are configured for activation at the point-of-sale.Type: GrantFiled: August 22, 2007Date of Patent: February 5, 2013Assignee: Money Network Financial, LLCInventors: Richard Jackman, Mark Herrington, Mark V. Putman
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Patent number: 8286860Abstract: A method of porting value from a negotiable instrument to a presentation instrument includes acquiring information from the negotiable instrument, acquiring information from the presentation instrument, sending at least a portion of the information from the negotiable instrument to a check processor, receiving a message from the check processor that identifies whether the negotiable instrument has been associated with a Positive Pay File, and, based at least in part on the message from the check processor, determining an amount of value to credit to an account associated with the presentation instrument.Type: GrantFiled: November 6, 2007Date of Patent: October 16, 2012Assignee: Money Network Financial, LLCInventors: Mark Herrington, Mark V. Putman, Richard Jackman
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Publication number: 20080306844Abstract: A payroll receiving and accessing system includes an enrollment kit. The kit includes activation instructions and an enrollment form for assigning an account identifier that identifies an account for receiving payroll funds due an employee. The system also includes an account activation system programmed to receive an activation request by the employee to activate the account, provide to the employee disbursement options including at least receiving payroll funds by negotiable instrument and receiving payroll funds by presentation instrument, receive from the employee a selection from among the disbursement options, and establish the selection. The system also includes a trustee account for the benefit of the employee for receiving the payroll funds due the employee and a system configured to disburse the funds to the employee in accordance with the selection.Type: ApplicationFiled: June 6, 2008Publication date: December 11, 2008Applicant: Money Network Financial, LLCInventors: Richard Jackman, Mark Herrington, Mark V. Putman
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Publication number: 20080215488Abstract: A value distribution method includes enrolling a payee into a source program through which the payee receives funds from a payer. The source program includes a stored value account into which the payer deposits the payee's funds. The stored value account has account information associated therewith. The method also includes receiving a porting trigger, and, in response to the porting trigger, establishing a target program for the payee. The target program includes a target account into which entities in addition to the payer may deposit funds. The method also includes porting at least a portion of the account information from the source program to the target program.Type: ApplicationFiled: August 6, 2007Publication date: September 4, 2008Applicant: Money Network Financial, LLCInventors: Richard Jackman, Mark Herrington, Mark V. Putman
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Publication number: 20080185427Abstract: A method of porting value from a negotiable instrument to a presentation instrument includes acquiring information from the negotiable instrument, acquiring information from the presentation instrument, sending at least a portion of the information from the negotiable instrument to a check processor, receiving a message from the check processor that identifies whether the negotiable instrument has been associated with a Positive Pay File, and, based at least in part on the message from the check processor, determining an amount of value to credit to an account associated with the presentation instrument.Type: ApplicationFiled: November 6, 2007Publication date: August 7, 2008Applicant: Money Network Financial, LLCInventors: Mark Herrington, Mark V. Putman, Richard Jackman
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Publication number: 20080067241Abstract: A presentation instrument package includes a presentation instrument and a negotiable instrument. The package is configured for display at a point-of-sale, and the presentation instrument and negotiable instrument are configured for activation at the point-of-sale.Type: ApplicationFiled: August 22, 2007Publication date: March 20, 2008Applicant: Money Network Financial, LLCInventors: Richard Jackman, Mark Herrington, Mark Putman