Patent ID: 11948148
Assignee: EARLY WARNING SERVICES, LLC
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 0:
1. A system comprising:
one or more processors; and
one or more non-transitory computer-readable media storing computing instructions that, when executed on the one or more processors, cause the one or more processors to perform:
receiving a request based on a sender initiating a funds transfer, wherein the funds transfer is for the sender to make a payment to a non-financial institution, and wherein the sender has a sender account at a sender financial institution;
obtaining sender identifying information from the sender; and
sending at least a recipient public identifier and a payment amount for the payment to the sender financial institution to cause the sender financial institution to send a funds transfer request to a computer-implemented funds transfer network to initiate the payment from the sender account at the sender financial institution to a recipient account at a recipient financial institution,

wherein:
the funds transfer request does not include an account number of the recipient account;
the computer-implemented funds transfer network is operated by an entity that is different from the recipient financial institution and the sender financial institution;
the computer-implemented funds transfer network comprises a directory that maps the recipient public identifier to a recipient private identifier;
the recipient private identifier is embedded with information that identifies the recipient financial institution;
the computer-implemented funds transfer network is configured to send the recipient private identifier to the recipient financial institution to facilitate the payment from the sender account to the recipient account; and
the recipient private identifier is not shared with the sender.