Patent ID: 9342823
Filing Date: 2016-05-17
CPC Classification: G06Q

Claim Text:
1. A method for establishing a communications link for managing an electronic transfer of funds between a first user financial account and a second user financial account in real-time, the method comprising: linking, via the established communications link, a payment system that is independent of a financial services network, financial institutions and the first and second user financial account with a system associated with at least one of a financial services network and a plurality of financial institutions through one or more backend gateways; linking, via the established communications link, the payment system with one or more user devices having a device-specific interface through one or more networks having an interface defined by a carrier protocol and an application protocol; receiving information at the payment system about a desired financial transaction between the first user financial account and the second user financial account from one or more user devices via the interface; receiving authorization regarding the specific desired financial transaction at the payment system to complete the desired financial transaction from the one or more user devices via the interface; and processing, by the payment system, based upon the received authorization, the desired financial transaction to generate directions to at least one of the plurality of financial institutions to complete the desired financial transaction, the directions providing, via the backend gateway, a uniform interface between the payment system and the plurality of financial institutions.