Patent ID: 8452704
Filing Date: 2013-05-28
Classification: G06Q

Abstract:
1. A method for making on-line payments, comprising: receiving enrollment information from a user for an on-line payments service; receiving the user's designation of a source account for withdrawing funds for the on-line payments; providing a transaction account for the user as a money deposit account accessible via a single account number that the user can use both as a source from which to send funds and a destination into which to receive funds and with at least one of a plurality of service levels, wherein the transaction account is not a checking account; wherein providing the transaction account for the user with at least one of the plurality of service levels further comprises: receiving an email address and payment amount by a payments engine for a recipient from the user at a user terminal via a network; notifying the recipient by email at a recipient terminal by the payments engine of the payment before the recipient is enrolled at the on-line payments service; allowing the user to have funds reside in the transaction account; and allowing the user to use the funds residing in the transaction account for at least one of making an on-line payment with funds in the transaction account, making an online purchase with funds in the transaction account, making an off-line purchase with funds in the transaction account, making a cash withdrawal with funds in the transaction account, making a credit card account payment with funds in the transaction account, making a bill payment with funds in the transaction account, and making an international payment with funds in the transaction account.