Patent ID: 7921038

Claim:
A method for facilitating a transaction between a first individual having a first payment card and a second individual having a second payment card, the method comprising: receiving over a network at a transaction server information regarding a first account associated with said first payment card, information regarding a second account associated with said second payment card, and information identifying a payment amount; receiving, at said transaction server, information concerning said first individual, said first individual not being a qualified merchant to accept payments; 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, by said transaction server, a set of payment rules to said first individual, said set of payment rules stating terms under which payment may be credited to said first account associated with said first payment card from said second account associated with said second payment card; receiving at said transaction server, an indication of agreement to said set of payment rules from said first individual; debiting said second account by having said transaction server send a debit message to a financial network; directly crediting said first account by said payment amount, by having said transaction server send a credit message to said financial network, whereby said first individual is allowed to receive payment to said first account from said second individual using said second account; and performing risk analysis by said transaction server upon said first account using said first account information and said first individual information, and reaching a positive result allowing said steps of debiting and crediting to occur.