Patent ID: 11941592
Assignee: CAPITAL ONE SERVICES, LLC
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 10:
11. An automated virtual money order processing system comprising:
a money order transaction data processor configured to
receive, from a purchaser user device via a first network, a virtual money order purchase request of a purchaser, the purchase request including identification of a virtual money order payee, a money order amount, and purchaser payment information, the virtual money order payee being associated with a payee user device,
process, using the purchaser payment information, a payment transaction to transfer a payment amount from an account of the purchaser to a transaction processor account, the payment amount being equal to or greater than the money order amount,
generate a virtual money order having associated virtual money order information accessible via a network address on a second network, which may be the same as the first network, the network address being specific to the virtual money order,
transmit, to the payee user device via the first network, a money order notification including the network address,
receive from the payee user device via the network address, a request to receive the virtual money order information, and
transmit the virtual money order information to the payee user device via the second network; and

a money order redemption data processor configured to
receive a request to redeem the virtual money order, the request including at least a portion of the money order information, and
process a transfer of the money order amount from the transaction processor account to the redemption requester.