Patents by Inventor Peter M. Karas
Peter M. Karas 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: 10558957Abstract: According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user (110) in a stored value account on a server computer system (170). At the server computer system (170), a request from the first user (110) to send money to a second user (130) based on the stored value account is received. An electronic notification is sent from the server computer (170) to the second user (130) to notify the second user (130) of the request. A debit in the stored value account of the first user (110) is created. The requested money is sent to the second user (130) upon a receipt of a request at the server computer (170) from the second user (130).Type: GrantFiled: February 22, 2013Date of Patent: February 11, 2020Assignee: The Western Union CompanyInventors: Aamer Ali Baig, James E. Cowell, Peter M. Karas, Cheryl L. Neofytides, Matthew F. Golub, James R. Yoder, Susan M. Milberger, Jeff D. Sherrard, Amy M. Dunker, Jackie M. Macfarlane, Eric L. Platte, Susan F. Abrahams
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Patent number: 8407143Abstract: According to the invention, a method for purchasing a negotiable instrument from an online payment system by a payor to compensate a payee in relation to a listing on a vending site is disclosed. In one step, a payment currency and/or a drawee bank nationality is selected for the online payment system to use when issuing the payment instrument. Payment information is received from the payor and comprises at least two of: a payee identifier, a payee name, a payee address, and a payment amount. A money handler associated with the payor is debited for at least the payment amount. The payment instrument payable to the payee name for the payment amount is generated. That payment instrument is based on at least one of the payment currency and the drawee bank nationality. The payment currency is different from a currency used by the money handler. The payment instrument is delivered to the payee.Type: GrantFiled: March 27, 2002Date of Patent: March 26, 2013Assignee: The Western Union CompanyInventors: Peter M. Karas, Richard G. Wilber, Mark D. Baumgart, Chris Trujillo
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Patent number: 8374962Abstract: 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.Type: GrantFiled: January 2, 2003Date of Patent: February 12, 2013Assignees: First Data Corporation, The Western Union CompanyInventors: Henry M. Abelman, Kenneth Algiene, Peter M. Karas
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Patent number: 8244632Abstract: According to the invention, a method for automatically transferring an incoming payment to a handler is disclosed. In one step, the incoming payment associated with a payee is received. A first predetermined rule that applies to the incoming payment is determined. The first predetermined rule is applied to the incoming payment. It is determined if a second predetermined rule applies to the incoming payment. The second predetermined rule is applied to the incoming payment based upon the second-listed determining step.Type: GrantFiled: January 2, 2003Date of Patent: August 14, 2012Assignees: First Data Corporation, The Western Union CompanyInventors: Kenneth Algiene, Henry M. Abelman, Peter M. Karas
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Patent number: 8024229Abstract: According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user (110) in a stored value account on a server computer system (170). At the server computer system (170), a request from the first user (110) to send money to a second user (130) based on the stored value account is received. An electronic notification is sent from the server computer (170) to the second user (130) to notify the second user (130) of the request. A debit in the stored value account of the first user (110) is created. The requested money is sent to the second user (130) upon a receipt of a request at the server computer (170) from the second user (130).Type: GrantFiled: September 30, 2008Date of Patent: September 20, 2011Assignee: The Western Union CompanyInventors: Aamer Ali Baig, James E. Cowell, Peter M. Karas, Cheryl L. Neofytides, Matthew F. Golub, James R. Yoder, Susan M. Milberger, Jeff D. Sherrard, Amy M. Dunker, Jackie M. Macfarlane, Eric L. Platte, Susan F. Abrahams
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Patent number: 7941346Abstract: According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user (110) in a stored value account on a server computer system (170). At the server computer system (170), a request from the first user (110) to send money to a second user (130) based on the stored value account is received. An electronic notification is sent from the server computer (170) to the second user (130) to notify the second user (130) of the request. A debit in the stored value account of the first user (110) is created. The requested money is sent to the second user (130) upon a receipt of a request at the server computer (170) from the second user (130).Type: GrantFiled: September 30, 2008Date of Patent: May 10, 2011Assignee: The Western Union CompanyInventors: Aamer Ali Baig, James E. Cowell, Peter M. Karas, Cheryl L. Neofytides, Matthew F. Golub, James R. Yoder, Susan M. Milberger, Jeff D. Sherrard, Amy M. Dunker, Jackie M. Macfarlane, Eric L. Platte, Susan F. Abrahams
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Patent number: 7941342Abstract: According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user (110) in a stored value account on a server computer system (170). At the server computer system (170), a request from the first user (110) to send money to a second user (130) based on the stored value account is received. An electronic notification is sent from the server computer (170) to the second user (130) to notify the second user (130) of the request. A debit in the stored value account of the first user (110) is created. The requested money is sent to the second user (130) upon a receipt of a request at the server computer (170) from the second user (130).Type: GrantFiled: September 30, 2008Date of Patent: May 10, 2011Assignee: The Western Union CompanyInventors: Aamer Ali Baig, James E. Cowell, Peter M. Karas, Cheryl L. Neofytides, Matthew F. Golub, James R. Yoder, Susan M. Milberger, Jeff D. Sherrard, Amy M. Dunker, Jackie M. Macfarlane, Eric L. Platte, Susan F. Abrahams
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Patent number: 7937292Abstract: According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user (110) in a stored value account on a server computer system (170). At the server computer system (170), a request from the first user (110) to send money to a second user (130) based on the stored value account is received. An electronic notification is sent from the server computer (170) to the second user (130) to notify the second user (130) of the request. A debit in the stored value account of the first user (110) is created. The requested money is sent to the second user (130) upon a receipt of a request at the server computer (170) from the second user (130).Type: GrantFiled: September 30, 2008Date of Patent: May 3, 2011Assignee: The Western Union CompanyInventors: Aamer Ali Baig, James E. Cowell, Peter M. Karas, Cheryl L. Neofytides, Matthew F. Golub, James R. Yoder, Susan M. Milberger, Jeff D. Sherrard, Amy M. Dunker, Jackie M. Macfarlane, Eric L. Platte, Susan F. Abrahams
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Patent number: 7908179Abstract: According to the invention, a method for creating an electronic greeting card enclosing an electronic gift is disclosed. In one step, the electronic greeting card selection is received from a sender along with a selection of at least one of a type of electronic gift, an amount for the electronic gift, and an identifier for a receiver of the electronic gift. Payment for the electronic gift is received from a money handler chosen by the sender. A code indicative of the electronic gift is received, whereby the code facilitates redemption of the electronic gift. The code is embedded in the electronic greeting card.Type: GrantFiled: August 1, 2007Date of Patent: March 15, 2011Assignee: The Western Union CompanyInventors: Peter M. Karas, James E. Cowell, James R. Yoder, Matt F. Golub, Aamer Ali Baig
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Patent number: 7895085Abstract: According to the invention, a method for creating an electronic greeting card that references a gift is disclosed. In one step, a selection of the electronic greeting card is received from a sender of that greeting card. Identification of the gift is received. A code indicative of the gift is created, whereby the code facilitates retrieving information about the gift. The code is embedded in the electronic greeting card.Type: GrantFiled: January 26, 2009Date of Patent: February 22, 2011Assignee: The Western Union CompanyInventors: Peter M. Karas, James Everett Cowell, Henry M. Abelman, Mark Thompson
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Publication number: 20100145858Abstract: According to the invention, a method for transferring a credit amount out of an online system using a money order is disclosed. In one step, pay-out instructions are received at a server computer system from a wide-area computer network coupled to a payor. The pay-out instructions include at least two of a payee, a delivery location, and the credit amount. A first handler associated with the payor and a second handler for preparation of the money order according to the pay-out instructions are determined. The credit amount is transferred from the first handler to the online system. The pay-out instructions are sent to the second handler.Type: ApplicationFiled: November 2, 2009Publication date: June 10, 2010Applicant: First Data CorporationInventors: Susan M. Milberger, Jeff D. Sherrard, Amy M. Dunker, Jackie M. Macfarlane, Eric L. Platte, Susan F. Abrahams, Cheryl L. Neofytides, Aamer Ali Baig, Peter M. Karas, James E. Cowell, James R. Yoder, Matt F. Golub
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Patent number: 7613653Abstract: According to the invention, a method for transferring a credit amount out of an online system using a money order is disclosed. In one step, pay-out instructions are received at a server computer system from a wide-area computer network coupled to a payor. The pay-out instructions include at least two of a payee, a delivery location, and the credit amount. A first handler associated with the payor and a second handler for preparation of the money order according to the pay-out instructions are determined. The credit amount is transferred from the first handler to the online system. The pay-out instructions are sent to the second handler.Type: GrantFiled: October 26, 2001Date of Patent: November 3, 2009Assignees: First Data Corporation, The Western Union CompanyInventors: Susan M. Milberger, Jeff D. Sherrard, Amy M. Dunker, Jackie M. Macfarlane, Eric L. Platte, Susan F. Abrahams, Cheryl L. Neofytides, Aamer Ali Baig, Peter M. Karas, James E. Cowell, James R. Yoder, Matt F. Golub
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Patent number: 7606734Abstract: According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user (110) in a stored value account on a server computer system (170). At the server computer system (170), a request from the first user (110) to send money to a second user (130) based on the stored value account is received. An electronic notification is sent from the server computer (170) to the second user (130) to notify the second user (130) of the request. A debit in the stored value account of the first user (110) is created. The requested money is sent to the second user (130) upon a receipt of a request at the server computer (170) from the second user (130).Type: GrantFiled: July 11, 2001Date of Patent: October 20, 2009Assignee: The Western Union CompanyInventors: Aamer Ali Baig, James E. Cowell, Peter M. Karas, Cheryl L. Neofytides, Matthew F. Golub, James R. Yoder, Susan M. Milberger, Jeff D. Sherrard, Amy M. Dunker, Jackie M. Macfarlane, Eric L. Platte, Susan F. Abrahams
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Publication number: 20090182648Abstract: According to the invention, a method for creating an electronic greeting card that references a gift is disclosed. In one step, a selection of the electronic greeting card is received from a sender of that greeting card. Identification of the gift is received. A code indicative of the gift is created, whereby the code facilitates retrieving information about the gift. The code is embedded in the electronic greeting card.Type: ApplicationFiled: January 26, 2009Publication date: July 16, 2009Applicant: The Western Union CompanyInventors: Peter M. Karas, James Everett Cowell, Henry M. Abelman, Mark Thompson
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Publication number: 20090094155Abstract: According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user (110) in a stored value account on a server computer system (170). At the server computer system (170), a request from the first user (110) to send money to a second user (130) based on the stored value account is received. An electronic notification is sent from the server computer (170) to the second user (130) to notify the second user (130) of the request. A debit in the stored value account of the first user (110) is created. The requested money is sent to the second user (130) upon a receipt of a request at the server computer (170) from the second user (130).Type: ApplicationFiled: September 30, 2008Publication date: April 9, 2009Applicant: First Data CorporationInventors: Aamer Ali Baig, James E. Cowell, Peter M. Karas, Cheryl L. Neofytides, Mathew F. Golub, James R. Yoder, Susan M. Milberger, Jeff D. Sherrard, Amy M. Dunker, Jackie M. MacFarlane, Eric L. Platte, Susan F. Abrahams
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Publication number: 20090094149Abstract: According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user (110) in a stored value account on a server computer system (170). At the server computer system (170), a request from the first user (110) to send money to a second user (130) based on the stored value account is received. An electronic notification is sent from the server computer (170) to the second user (130) to notify the second user (130) of the request. A debit in the stored value account of the first user (110) is created. The requested money is sent to the second user (130) upon a receipt of a request at the server computer (170) from the second user (130).Type: ApplicationFiled: September 30, 2008Publication date: April 9, 2009Applicant: First Data CorporationInventors: Aamer A. Baig, James E. Cowell, Peter M. Karas, Cheryl L. Neofytides, Matt F. Golub, James R. Yoder, Susan M. Milberger, Jeff D. Sherrard, Amy M. Dunker, Jackie M. Macfarlane, Eric L. Platte, Susan F. Abrahams
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Publication number: 20090089210Abstract: According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user (110) in a stored value account on a server computer system (170). At the server computer system (170), a request from the first user (110) to send money to a second user (130) based on the stored value account is received. An electronic notification is sent from the server computer (170) to the second user (130) to notify the second user (130) of the request. A debit in the stored value account of the first user (110) is created. The requested money is sent to the second user (130) upon a receipt of a request at the server computer (170) from the second user (130).Type: ApplicationFiled: September 30, 2008Publication date: April 2, 2009Applicant: First Data CorporationInventors: Aamer Ali Baig, James E. Cowell, Peter M. Karas, Cheryl L. Neofytides, Matt F. Golub, James R. Yoder, Susan M. Milberger, Jeff D. Sherrard, Amy M. Dunker, Jackie M. Macfarlane, Eric L. Platte, Susan F. Abrahams
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Patent number: 7512552Abstract: According to the invention, a method for creating an electronic greeting card that references a gift is disclosed. In one step, a selection of the electronic greeting card is received from a sender of that greeting card. Identification of the gift is received. A code indicative of the gift is created, whereby the code facilitates retrieving information about the gift. The code is embedded in the electronic greeting card.Type: GrantFiled: September 12, 2006Date of Patent: March 31, 2009Assignee: The Western Union CompanyInventors: Peter M. Karas, James Everett Cowell, Henry M. Abelman, Mark Thompson
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Publication number: 20090048967Abstract: According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user (110) in a stored value account on a server computer system (170). At the server computer system (170), a request from the first user (110) to send money to a second user (130) based on the stored value account is received. An electronic notification is sent from the server computer (170) to the second user (130) to notify the second user (130) of the request. A debit in the stored value account of the first user (110) is created. The requested money is sent to the second user (130) upon a receipt of a request at the server computer (170) from the second user (130).Type: ApplicationFiled: September 30, 2008Publication date: February 19, 2009Applicant: First Data CorporationInventors: Aamer Ali Baig, James E. Cowell, Peter M. Karas, Cheryl L. Neofytides, Matthew F. Golub, James R. Yoder, Susan M. Milberger, Jeff D. Sherrard, Amy M. Dunker, Jackie M. Macfarlane, Eric L. Platte, Susan F. Abrahams
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Publication number: 20090048974Abstract: According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user (110) in a stored value account on a server computer system (170). At the server computer system (170), a request from the first user (110) to send money to a second user (130) based on the stored value account is received. An electronic notification is sent from the server computer (170) to the second user (130) to notify the second user (130) of the request. A debit in the stored value account of the first user (110) is created. The requested money is sent to the second user (130) upon a receipt of a request at the server computer (170) from the second user (130).Type: ApplicationFiled: September 30, 2008Publication date: February 19, 2009Applicant: First Data CorporationInventors: Aamer Ali Baig, James E. Cowell, Peter M. Karas, Cheryl L. Neofytides, Matt F. Golub, James R. Yoder, Susan M. Milberger, Jeff D. Sherrard, Amy M. Dunker, Jackie M. Macfarlane, Eric L. Platte, Susan F. Abrahams