Online funds transfer method

摘要

According to the invention, a process for transferring funds related to a checkout process for a transaction initiated online between a user and a merchant is disclosed. In one step, a first bank account associated with the user is determined. Authorization is received from the user over a wide area network to pay the merchant from the first bank account. A second bank account associated with the merchant is determined. An electronic transfer is initiated between the first account and a second account that is related to the checkout process for the transaction.