Patent ID: 7451114

Claim:
A method for facilitating a transaction between a first individual having a first account and a second individual having a second account, the method comprising: receiving over a network at a transaction server information from said first individual regarding said first account, information from said second individual regarding said second account, and information identifying a payment amount; establishing, at said transaction server, a transaction record for said transaction, said transaction record including said payment amount, said first account to be credited by said payment amount, and said second account to be debited by a debit amount; presenting a set of payment rules to said first individual from a card association regarding a payment card corresponding to said first account of said first individual; said first individual transmitting an indication of agreement to said set of payment rules to said transaction server; said transaction server verifying receipt of said indication of agreement from said first individual; receiving, at said transaction server, information concerning said first individual; a step for performing the function of risk analysis by said transaction server using said first account information and said first individual information, said first individual not being a qualified merchant to accept payments; performing, using a financial network, an authorization analysis on at least said second account; debiting said second account if said authorization analysis is successfully completed by having said transaction server send a debit message to said financial network; directly crediting said first account by said payment amount, by having said transaction server send a credit message to said financial network; and allowing said first individual to receive payment to said first account from said second individual using said second account of said second individual when a result of said risk analysis step is positive.