Patents by Inventor John Joseph Mascavage, III
John Joseph Mascavage, III has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
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Patent number: 10489753Abstract: An electronic transaction method, funds transfer apparatus and method for facilitating a funds transfer. The methods comprise sending information from a purchaser or payor to a funds transfer system separate from a vendor system or payee, validating and confirming personal financial information at the funds transfer system, and transferring funds from a purchaser or payor account to the vendor or a payee account without exposing either party's financial and account information to the other. Additionally, a funds transfer apparatus is disclosed comprising connections to a payor and payee system and mechanisms for receiving and validating party and transaction information and a mechanism for transferring funds from one party to the other.Type: GrantFiled: March 20, 2012Date of Patent: November 26, 2019Assignees: The Western Union Company, First Data CorporationInventors: Terry Allen-Rouman, Jack Michael Arrington, Keval Desai, Robert Edwin Dravenstott, Wendy D. Larson, Scott J. Levokove, John Joseph Mascavage, III, Peter Eric Philipp, Margaret Morgan Weichert
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Patent number: 8538870Abstract: An electronic transaction method, funds transfer apparatus and method for facilitating a funds transfer. The methods comprise sending information from a purchaser or payor to a funds transfer system separate from a vendor system or payee, validating and confirming personal financial information at the funds transfer system, and transferring funds from a purchaser or payor account to the vendor or a payee account without exposing either party's financial and account information to the other. Additionally, a funds transfer apparatus is disclosed comprising connections to a payor and payee system and mechanisms for receiving and validating party and transaction information and a mechanism for transferring funds from one party to the other.Type: GrantFiled: March 13, 2008Date of Patent: September 17, 2013Assignees: First Data Corporation, The Western Union CompanyInventors: Terry Allen-Rouman, Jack Michael Arrington, Keval Desai, Robert Edwin Dravenstott, Wendy D. Larson, Scott J. Levokove, John Joseph Mascavage, III, Peter Eric Philipp, Margaret Morgan Weichert
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Patent number: 8412627Abstract: According to the invention, a process for transferring funds in an online transaction between a first party and a second party is disclosed. In one step, a first account associated with the first party and a second account associated with the second party are determined. At least one of the first account and the second account is a bank account. A first transfer is initiated between the first account and a third account. The third account is not associated with either the first party or the second party. Notification is received that the first transfer has cleared. A second transfer between the third account and the second account is initiated before notification that the first transfer has cleared is received.Type: GrantFiled: November 15, 2001Date of Patent: April 2, 2013Assignee: The Western Union CompanyInventors: Terry Allen-Rouman, John Joseph Mascavage, III, Margaret Morgan Weichert
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Publication number: 20130006811Abstract: A method is provided for transferring funds related to a checkout process for a transaction initiated between a user and a merchant. The method may include storing information on a plurality of asset accounts associated with the user and receiving selection of a first account from the plurality of asset accounts as possible choices. The method may also include receiving authorization via the interface from the user to pay the merchant from the first account. The method may further include providing a digital IOU to the merchant and receiving a redemption request of the digital IOU. The method may additionally include determining, automatically with a funds transfer server, a second account associated with the merchant, and initiating, automatically with the funds transfer server in response to the redemption request, an electronic transfer between the first account and the second account that is related to the checkout process for the transaction.Type: ApplicationFiled: September 11, 2012Publication date: January 3, 2013Applicant: The Western Union CompanyInventors: John Joseph Mascavage, III, Margaret Morgan Weichert, Mark Thompson
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Patent number: 8315929Abstract: According to the invention, a process for transferring funds between a payor and a payee in an online transaction is disclosed. In one step, information is received from the payor for debiting a bank account associated with the payor. Authorization is transmitted to the payee to request debits from the payor. The total of all debit requests does not exceed an amount that is authorized. A first request is received from the payee to debit the customer a first portion of the amount. A first debit is initiated from the bank account for the first portion of the amount. A second request is received from the payee to debit the payor a second portion of the amount. A second debit is initiated from the bank account for the second portion of the amount.Type: GrantFiled: January 17, 2007Date of Patent: November 20, 2012Assignee: First Data CorporationInventors: Terry Allen-Rouman, John Joseph Mascavage, III, Margaret Morgan Weichert, Robert Edwin Dravenstott
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Publication number: 20120179610Abstract: An electronic transaction method, funds transfer apparatus and method for facilitating a funds transfer. The methods comprise sending information from a purchaser or payor to a funds transfer system separate from a vendor system or payee, validating and confirming personal financial information at the funds transfer system, and transferring funds from a purchaser or payor account to the vendor or a payee account without exposing either party's financial and account information to the other. Additionally, a funds transfer apparatus is disclosed comprising connections to a payor and payee system and mechanisms for receiving and validating party and transaction information and a mechanism for transferring funds from one party to the other.Type: ApplicationFiled: March 20, 2012Publication date: July 12, 2012Applicants: The Western Union Company, First Data CorporationInventors: Terry Allen-Rouman, Jack Michael Arrington, Keval Desai, Robert Edwin Dravenstott, Wendy D. Larson, Scott J. Levokove, John Joseph Mascavage, III, Peter Eric Philipp, Margaret Morgan Weichert
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Patent number: 8041606Abstract: According to the invention, a process for authorizing an online purchase between a customer and a vendor site is disclosed. In one step, transaction information is received from the vendor site. A new web browser window is automatically opened for the customer. A transaction amount is presented in a new browser window. The customer is capable of assenting to the transaction amount through interaction with the new web browser window. Authorization is received from the customer of a debit for the transaction amount to cover the online purchase. The vendor site is notified of the authorization.Type: GrantFiled: November 15, 2001Date of Patent: October 18, 2011Assignee: The Western Union CompanyInventors: John Joseph Mascavage, III, Margaret Morgan Weichert, Robert Edwin Dravenstott
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Patent number: 7827101Abstract: According to the invention, a method for a payor paying a merchant using a payment system is disclosed. In one step, account information is received that can be used for receiving funds using a money handler. The account information identifies an account of the payor. A token is generated that correlates to the account information. The token is sent to the merchant that uniquely identifies the payor and the merchant. The token, which corresponds to a payment, is received. It is authenticated that the token was presented by the merchant. The payment is transferred from the payor to the merchant with the payment system.Type: GrantFiled: January 10, 2003Date of Patent: November 2, 2010Assignees: First Data Corporation, The Western Union CompanyInventor: John Joseph Mascavage, III
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Patent number: 7778903Abstract: According to the invention, a method for transferring funds from a payor to one or more payees using a wide area network when the transfer information is incomplete at some point is disclosed. In one step, initial transfer information for a transfer of funds from the payor to the payee is received. In another step, supplemental transfer information for the transfer of funds from the payor to the payee is received. The transfer of funds from the payor to the payee is completed using both the initial transfer information for the transfer of funds from the payor to the payee and the supplemental transfer information for the transfer of funds from the payor to the payee.Type: GrantFiled: August 5, 2005Date of Patent: August 17, 2010Assignees: First Data Corporation, The Western Union CompanyInventors: Margaret Morgan Weichert, John Joseph Mascavage, III
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Patent number: 7596529Abstract: A process for facilitating payment between a buyer and a seller with an online money transfer performed over a wide area network is disclosed. In one step, login information relevant to a vending site is received. The login information is associated with the seller. Listings at the vending site associated with the seller are automatically determined. A number of snippets of HTML code are generated for the listings, wherein each snippet includes a link. One of the number of snippets is automatically inserted into each of the listings. Activation of the link points a web browser to a payment enabler that can transfer money from the buyer to the seller.Type: GrantFiled: February 13, 2002Date of Patent: September 29, 2009Assignees: First Data Corporation, The Western Union CompanyInventors: John Joseph Mascavage, III, Robert Edwin Dravenstott, Joris Vega
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Patent number: 7487127Abstract: A method for facilitating the sale of goods or services comprises receiving at an ordering system payment information relating to a payment instrument that is being used to purchase a good or a service from a merchant. The ordering system transmits a message to the merchant that includes information on the good or service being purchased to permit the merchant to provide the good or service. Funds are collected from an account associated with the payment instrument, and the ordering system transmits to a money transfer computer system information useable by the money transfer computer system to provide a cash payment to the merchant.Type: GrantFiled: September 30, 2002Date of Patent: February 3, 2009Assignees: First Data Corporation, The Western Union CompanyInventors: Margaret Morgan Weichert, John Joseph Mascavage, III, David L. Hansen, Mark D. Baumgart, Peter M. Karas, Richard G. Wilber
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Patent number: 7366695Abstract: An electronic transaction method, funds transfer apparatus and method for facilitating a funds transfer. The methods comprise sending information from a purchaser or payor to a funds transfer system separate from a vendor system or payee, validating and confirming personal financial information at the funds transfer system, and transferring funds from a purchaser or payor account to the vendor or a payee account without exposing either party's financial and account information to the other. Additionally, a funds transfer apparatus is disclosed comprising connections to a payor and payee system and mechanisms for receiving and validating party and transaction information and a mechanism for transferring funds from one party to the other.Type: GrantFiled: February 29, 2000Date of Patent: April 29, 2008Assignees: First Data Corporation, The Western Union CompanyInventors: Terry Allen-Rouman, Jack Michael Arrington, Keval Desai, Robert Edwin Dravenstott, Wendy D. Larson, Scott J. Levokove, John Joseph Mascavage, III, Peter Eric Philipp, Margaret Morgan Weichert
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Patent number: 7184980Abstract: According to the invention, a process for transferring funds between a payor and a payee in an online transaction is disclosed. In one step, information is received from the payor for debiting a bank account associated with the payor. Authorization is transmitted to the payee to request debits from the payor. The total of all debit requests does not exceed an amount that is authorized. A first request is received from the payee to debit the customer a first portion of the amount. A first debit is initiated from the bank account for the first portion of the amount. A second request is received from the payee to debit the payor a second portion of the amount. A second debit is initiated from the bank account for the second portion of the amount.Type: GrantFiled: November 15, 2001Date of Patent: February 27, 2007Assignees: First Data Corporation, The Western Union CompanyInventors: Terry Allen-Rouman, John Joseph Mascavage, III, Margaret Morgan Weichert, Robert Edwin Dravenstott