Patent ID: 7613653
Filing Date: 2009-11-03
Classification: G06Q

Abstract:
1. A method for transferring a credit amount from a payor to a payee using a negotiable instrument, the payor sending the credit amount to the payee through an online computer system comprising a payment enabler and a wide-area network, a payor computer and a payee computer are in communication with the wide-area network, the method comprising: the payment enabler having a computer processor receiving pay-out instructions, the pay-out instructions include a payee, a delivery location for the payee, and the credit amount, the credit amount having a first value; the payment enabler receiving, from the payor computer, a first choice for a first handler, the first handler comprising one of a debit card handler, a bank funds transfer handler, and a credit card handler; the first handler receiving the credit amount having the first value from the payor, the first handler receiving the credit amount having the first value as one of a group comprising a debit card transfer, a bank funds transfer, or a credit card transfer; the payment enabler receiving the credit amount having the first value from the first handler; the payment enabler converting the credit amount from the first value to a second value, wherein the first value and the second value are different forms of monetary value; the payment enabler receiving a second choice of a second handler from the payee computer; the payment enabler sending the pay-out instructions to the second handler; the second handler receiving the credit amount having the second-value from the payment enabler; the second handler creating a negotiable instrument according to the pay-out instructions, the negotiable instrument paid with the credit amount of the second value; and the second handler providing the negotiable instrument to the payee, wherein the negotiable instrument is provided to the payee by sending the negotiable instrument to the payee's delivery location.