Payment network with service provider directory function

• Main Authors: SRINIVASAN, Santhanam, KIMBERG, Debbie, WEHMEIER, Christina
• Format: Patent
• Language: English
• Published: 12.07.2018
• Subjects: CALCULATING; COMPUTING; COUNTING; DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES; PHYSICS; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR

C:\Interwovn\NRPortbl\DCC\TLD\17216174 _.docx-25/062018 - 23 A request for a funds transfer is received in a computer. The request includes addressing information for an individual recipient of the requested funds transfer. The computer retrieves 5 identification information that identifies a service provider for the recipient. A request is routed from the computer to a service provider by using the service provider identification information. The request to the service provider is for requesting recipient account information. The computer receives a payment account number from the service provider. The payment account number identifies a payment account that belongs to the recipient. The 10 computer executes the requested funds transfer by routing the funds transfer to the recipient's payment account using the received payment account number.