Patent ID: 7252223
Filing Date: 2007-08-07
Classification: G06Q

Abstract:
1. A system for electronic exchange between stored value accounts, the system comprising: (a) a first network for electronically transferring values to and from stored value accounts; (b) a second network for electronically transferring values to and from stored value accounts; (c) a service provider including: (d) means for receiving a request to transfer value between a first account and a second account; (e) means for calculating an optimal exchange path that minimizes transaction costs for the transfer in part (d), wherein said optimal exchange path can include multiple inter-network and intra-network transfers through intermediate accounts; (f) means for executing the transfer request in part (d) from the first account to the second account according to an optimized exchange path; (g) wherein the service provider includes business permissions from both the first network and second network to perform inter-network value transfers on behalf of customers; and (h) wherein the service provider includes customer permissions that automatically authorize transfers across intermediate accounts in the optimal exchange path calculated in part (e).