G - Physics – 06 – Q
Patent
G - Physics
06
Q
G06Q 20/40 (2012.01) G06Q 20/14 (2012.01) H04W 12/06 (2009.01) H04L 9/32 (2006.01)
Patent
CA 2326085
The present invention is a system and method for obtaining payment authorization for real-time financial transactions between a payer and a payee and a method of putting in place such a system. A customer's client ID, a merchant identification and a purchase amount are communicated to a payment manager which has been previously arranged to have access to the customer's account information by way of the customer access Internet site of the customer's financial institution. On the customer's behalf, the payment manager requests a bill payment to the payment manager. A confirmation of bill payment is received by the payment manager and returned to the merchant. At a later time, the requested transfer of funds takes place, followed by a subsequent transfer to the merchant.
Charbonneau Fabio
Fortier Marco
Banque Laurentienne Du Canada
Norton Rose Canada S.e.n.c.r.l.,s.r.l./llp
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