Patent ID: 8694426
Filing Date: 2014-04-08
Classification: G06Q

Abstract:
1. A method comprising: receiving, by a processor of a payment provider, a value transfer request from a value provider different than the payment provider through a network, the value transfer request including a value amount to be provided from a source user to a target user, wherein the target user does not have an account with the value provider and the source user does not have an account with the payment provider and wherein the value amount comprises virtual currency; reducing, by the processor, a settlement account of the value provider by a first value amount corresponding to the value amount, wherein the settlement account is associated with the payment provider; converting, by the processor, the virtual currency to real currency; and increasing, by the processor, a target account of the target user by a second value amount corresponding to the value amount, wherein only the value provider and the target user are required to have an account with the payment provider and wherein the second value amount comprises real currency.