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

Claim 0:
1. An automated method of processing a virtual money order transaction between a first user having a first user device and a second user having a second user device, the method comprising:
receiving, by a money order transaction data processor from the second user device, a virtual money order purchase request, the request including identification of the first user as a virtual money order payee, a money order amount, and second user payment information;
transferring, by the money order transaction data processor, a payment amount from an account of the second user to a transaction processor account, the payment amount being equal to or greater than the money order amount;
generating, by the money order transaction data processor, a virtual money order having associated virtual money order information accessible over a network via a network address specific to the virtual money order;
transmitting, to the first user device, a money order notification including the network address;
receiving, by the money order transaction data processor from the first user device via the network address, a request to receive the virtual money order information;
transmitting, the virtual money order information to the first user device.