Patents by Inventor Margaret Morgan Weichert
Margaret Morgan Weichert 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: 9105145Abstract: Aspects of the invention provide for an end-to-end currency handling, and servicing apparatus. The apparatus may be used in any cash-centric business or enterprise for cash register till set up and balancing, back office reconciliation, and other cash payment handling activities. Further aspects of the invention provide real-time access to cash receipts for enterprise use in making financial and planning decisions.Type: GrantFiled: September 15, 2009Date of Patent: August 11, 2015Assignee: Bank of America CorporationInventors: Brian Duane Brown, Anthony B. Calderone, Henry W. Debnam, Shane Anthony Johnson, Bethann Johnston, Michelle Davis Nichols, John Daniel Shaver, John N. Venzon, John Scott Walbert, 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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Patent number: 8401965Abstract: Systems and methods are disclosed for handling a payment at a point of sale or a remote payment acceptance and processing location for a customer account. The systems and methods may include receiving a payment at a point of sale or a remote payment acceptance and processing location and identifying data including at least an amount of the payment that is associated with the payment. The data may be transmitted over a computer network and stored in a data store that is associated with a customer account. A balance of the customer account may be rapidly updated based on the data associated with the payment. The data may be transmitted over a computer network and may be utilized in a computer software application to provide a customer account with rapid recognition of a payment and of a total balance.Type: GrantFiled: October 31, 2007Date of Patent: March 19, 2013Assignee: Bank of America CorporationInventors: Shane Anthony Johnson, John Scott Walbert, William Thomas Sanders, Victoria Lynn Dravneek, John Daniel Shaver, Margaret Morgan Weichert, Bethann Johnston, Karren D. Grant, Daniel Christopher Bohen
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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: 7967195Abstract: A network arrangement is provided for processing credit transactions. A financial network is used to route communications securely between interfaces with the financial network. Merchant systems are coupled with the interfaces, with each merchant system transmitting requests for authorization of credit transactions through the financial network. An issuer system authorizes credit transactions in response to receipt of requests that specify at least a credit account to be used to support a particular credit transaction and a transaction amount for the particular credit transaction. A guarantor system separate from the issuer system determines whether to guarantee credit transactions in response to the requests and transmits responses indicating whether specific credit transactions are to be guaranteed through the financial network to the merchant systems.Type: GrantFiled: October 26, 2007Date of Patent: June 28, 2011Assignee: First Data CorporationInventors: John Joseph Mascavage, Margaret Morgan Weichert, Robert Hogan
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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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Publication number: 20100070392Abstract: Aspects of the invention provide for an end-to-end currency handling, and servicing apparatus. The apparatus may be used in any cash-centric business or enterprise for cash register till set up and balancing, back office reconciliation, and other cash payment handling activities. Further aspects of the invention provide real-time access to cash receipts for enterprise use in making financial and planning decisions.Type: ApplicationFiled: September 15, 2009Publication date: March 18, 2010Applicant: BANK OF AMERICA CORPORATIONInventors: Brian Duane Brown, Anthony B. Calderone, Henry W. Debnam, Shane Anthony Johnson, Bethann Johnston, Michelle Davis Nichols, John Daniel Shaver, John N. Venzon, John Scott Walbert, Margaret Morgan Weichert
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Patent number: 7635085Abstract: Aspects of the invention provide for an end-to-end currency handling, and servicing apparatus. The apparatus may be used in any cash-centric business or enterprise for cash register till set up and balancing, back office reconciliation, and other cash payment handling activities. Further aspects of the invention provide real-time access to cash receipts for enterprise use in making financial and planning decisions.Type: GrantFiled: December 21, 2006Date of Patent: December 22, 2009Assignee: Bank of America CorporationInventors: Brian Duane Brown, Anthony B. Calderone, Henry W. Debnam, Shane Anthony Johnson, Bethann Johnston, Michelle Davis Nichols, John Daniel Shaver, John N. Venzon, John Scott Walbert, Margaret Morgan Weichert
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Publication number: 20090112760Abstract: Systems and methods are disclosed for handling a payment at a point of sale or a remote payment acceptance and processing location for a customer account. The systems and methods may include receiving a payment at a point of sale or a remote payment acceptance and processing location and identifying data including at least an amount of the payment that is associated with the payment. The data may be transmitted over a computer network and stored in a data store that is associated with a customer account. A balance of the customer account may be rapidly updated based on the data associated with the payment. The data may be transmitted over a computer network and may be utilized in a computer software application to provide a customer account with rapid recognition of a payment and of a total balance.Type: ApplicationFiled: October 31, 2007Publication date: April 30, 2009Applicant: BANK OF AMERICA CORPORATIONInventors: Shane Anthony Johnson, John Scott Walbert, William Thomas Sanders, Victoria Lynn Dravneek, John Daniel Shaver, Margaret Morgan Weichert, Bethann Johnston, Karren D. Grant, Daniel Christopher Bohen
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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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Publication number: 20080162350Abstract: 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 13, 2008Publication date: July 3, 2008Applicants: 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, Peter Eric Philipp, Margaret Morgan Weichert
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Publication number: 20080149706Abstract: Aspects of the invention provide for an end-to-end currency handling, and servicing apparatus. The apparatus may be used in any cash-centric business or enterprise for cash register till set up and balancing, back office reconciliation, and other cash payment handling activities. Further aspects of the invention provide real-time access to cash receipts for enterprise use in making financial and planning decisions.Type: ApplicationFiled: December 21, 2006Publication date: June 26, 2008Applicant: Bank of AmericaInventors: Brian Duane Brown, Anthony B. Calderone, Henry W. Debnam, Shane Anthony Johnson, Bethann Johnston, Michelle Davis Nichols, John Daniel Shaver, John N. Venzon, John Scott Walbert, Margaret Morgan Weichert
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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
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Publication number: 20040064405Abstract: Methods and systems are provided for processing transactions between a vendor and a purchaser. A payment system is provided in communication with the vendor, a financial institution that holds a vendor account on behalf of the vendor, and a financial institution that holds a purchaser account on behalf of the purchaser. The payment system collects funds from the purchaser account and holds them in a vendor account, distributing funds for individual partial shipments as they are made by the vendor.Type: ApplicationFiled: September 30, 2002Publication date: April 1, 2004Applicant: First Data CorporationInventors: Margaret Morgan Weichert, John Joseph Mascavage