Patent ID: 8650126

Claim:
An user to user payment method over a network under payer's control, comprising: providing an Internet System connected to a host server having a database to transfer stored funds in any currencies over said network, said method comprising: said host server prompting payer to input payer's account identifier and password; said host server authenticating the payer's account identifier and password for validity; said host server prompting the payer to input payee's account identifier and fund transfer information; said host server receiving said payee's account identifier and said fund transfer information; said host server upon authenticating the payee's account identifier, instantly crediting the fund to the payee's account upon determining balance in the database associated with the payer account identifier and password is more than the fund for transfer; said host server instantly debiting the balance associated with the payer's account identifier and password in the database with said fund transferred to said payee's account; whereby said stored fund is deposited from a prepaid card into an account linked to an user created identifier; and whereby said transfer is made without interacting with said payee and independently of said prepaid card.