SYSTEMS AND METHODS FOR TRANSFERRING VALUE TO AND MANAGING USER SELECTED ACCOUNTS

摘要

Disclosed are the methods and systems for transferring value from a first account to a second account via a consumer device. The methods may be consumer or merchant driven and may involve transferring value to peers, oneself, or a third party account holder with or without the creation of a user account. Based on information input by a user, various financial systems interact in a manner that results in creation of an escrow account and effectuates transfer of value from a funding account through that escrow account to a receiving account. Such novel methods allow for previously unavailable transfers of value.

主权项

1. A method for transferring value from a first account to a second account using a consumer device comprising:
accessing a swap service through a consumer device that is communicatively linked to a remote system, said remote system communicatively linked to a transfer network, requesting funding transaction information including at least the identity of a funding account and a transaction amount from a user through a first user interface displayed by the consumer device, accepting the funding transaction information input through the first user interface, establishing an escrow account with a financial affiliate and issuing an escrow account identification code, submitting the funding transaction information and the escrow account identification and an authorization code to the funding account issuer system as a submission, receiving a submission payment in the amount of the transaction amount from the funding account issuer system into the escrow account, determining a net transfer amount based on the funding transaction information, requesting receiving account information including at least the identity of the receiving account from a user through a second user interface, accepting the receiving account information input through the second user interface, providing transfer instructions including at least the receiving account information and the transfer amount and escrow account identification code to the receiving account issuer system causing a transfer of value to the receiving account.