Patent ID: 8332314
Filing Date: 2012-12-11
Classification: G06Q

Abstract:
1. A method of facilitating an on-line transaction, comprising: receiving, by a payment provider, a text request from a payer to transfer money to a recipient; determining, electronically by a hardware processor of the payment provider, whether the recipient is in a trusted source list associated with the payer; sending, by the payment provider, a text confirmation request to the payer based upon a determination that the recipient is not in the trusted source list but the payer previously conducted a money transfer transaction with the recipient; receiving, by the payment provider if the text confirmation request was sent, an equivalent yes or no text reply from the payer as to whether to transfer money to the recipient; transferring, electronically by the hardware processor of the payment provider, money to the recipient without the need of the sending of the text confirmation request, a PIN, or a password u on a determination that the recipient is in the trusted source list; and transferring, electronically the hardware processor of the payment provider, money to the recipient without the need of a PIN or a password upon receiving an equivalent yes text reply from the payer.