Maria T H Lee

US Patent:

20120041876, Feb 16, 2012

Filed:

Oct 6, 2011

Appl. No.:

13/267717

Inventors:

Luke Paul Nosek - Palo Alto CA, US
Christopher Richman - Palo Alto CA, US
Roelof Frederik Botha - Los Altos CA, US
Maria Lee - Fremont CA, US
Kyle Hansen - San Francisco CA, US
Todd Pearson - Oakland CA, US
Denise Aptekar - Menlo Park CA, US

International Classification:

G06Q 40/00

US Classification:

705 42

Abstract:

A system and method for making proceeds of an ACH (Automated Clearinghouse) transaction available to a user before the transaction is completed. The system may be part of an on-line system or traditional merchant configured to facilitate payments or fund transfers from users. A user requests the transfer of funds to an entity (e.g., another user, a merchant, the user's account with the system) via an ACH entry. The system calculates a risk associated with the user, while considering various data (e.g., number of previous ACH entries, how many failed, how many succeeded, amount of the transfer). If the risk is low enough, the ACH entry is initiated and the desired funds are released for the transfer even before the ACH entry clears. The ACH entry may be presented as a default choice for funding the transfer.

US Patent:

20120278239, Nov 1, 2012

Filed:

Jul 11, 2012

Appl. No.:

13/546938

Inventors:

Luke Paul Nosek - Palo Alto CA, US
Christopher Richman - Palo Alto CA, US
Roelof Frederik Botha - Los Altos CA, US
Maria Lee - Fremont CA, US
Kyle Hansen - San Francisco CA, US
Todd Pearson - Oakland CA, US
Denise Aptekar - Menlo Park CA, US

International Classification:

G06Q 20/10

US Classification:

705 44

Abstract:

A system and method for making proceeds of a transaction available to a user before the transaction is completed is provided. The system may be part of an on-line system or traditional merchant configured to facilitate payments or fund transfers from users. In example embodiments, a request from a first entity to conduct a transaction involving a first value is received. Funds of the transaction are caused to be released prior to the transaction clearing a financial institution. Based on the transaction being rejected by the financial institution, at least a portion of the first value is charged against a credit source.

US Patent:

8050997, Nov 1, 2011

Filed:

Aug 26, 2002

Appl. No.:

10/228200

Inventors:

Luke Paul Nosek - Palo Alto CA, US
Christopher Richman - Palo Alto CA, US
Roelof Frederik Botha - Los Altos CA, US
Maria Lee - Fremont CA, US
Kyle Hansen - San Francisco CA, US
Todd Pearson - Oakland CA, US
Denise Aptekar - Menlo Park CA, US

Assignee:

PayPal Inc. - San Jose CA

International Classification:

G06Q 40/00

US Classification:

705 37, 705 35, 705 36, 705 38

Abstract:

A system and method for making proceeds of an ACH (Automated Clearinghouse) transaction available to a user before the transaction is completed. The system may be part of an on-line system or traditional merchant configured to facilitate payments or fund transfers from users. A user requests the transfer of funds to an entity (e. g. , another user, a merchant, the user's account with the system) via an ACH entry. The system calculates a risk associated with the user, while considering various data (e. g. , number of previous ACH entries, how many failed, how many succeeded, amount of the transfer). If the risk is low enough, the ACH entry is initiated and the desired funds are released for the transfer even before the ACH entry clears. The ACH entry may be presented as a default choice for funding the transfer.

US Patent:

20180137477, May 17, 2018

Filed:

Nov 13, 2017

Appl. No.:

15/811521

Inventors:

- San Jose CA, US
Chris Richman - Palo Alto CA, US
Roelof Botha - Mountain View CA, US
Maria Lee - Fremont CA, US
Kyle Hansen - San Francisco CA, US
Todd Pearson - Oakland CA, US
Denise Aptekar - Palo Alto CA, US

International Classification:

G06Q 20/02
G06Q 40/04
G06Q 40/06
G06Q 20/10
G06Q 20/40
G06Q 40/02
G06Q 40/00

Abstract:

A system and method for making proceeds of a transaction available to a user before the transaction is completed is provided. The system may be part of an on-line system or traditional merchant configured to facilitate payments or fund transfers from users. In example embodiments, a request from a first entity to conduct a transaction involving a first value is received. Funds of the transaction are caused to be released prior to the transaction clearing a financial institution. Based on the transaction being rejected by the financial institution, at least a portion of the first value is charged against a credit source.

US Patent:

20140316988, Oct 23, 2014

Filed:

Jul 3, 2014

Appl. No.:

14/323606

Inventors:

Luke Nosek - San Francisco CA, US
Chris Richman - Palo Alto CA, US
Roelof Botha - Mountain View CA, US
Maria Lee - Fremont CA, US
Kyle Hansen - San Fransisco CA, US
Todd Pearson - Oakland CA, US
Denise Aptekar - Palo Alto CA, US

International Classification:

G06Q 20/02
G06Q 20/40

US Classification:

705 44

Abstract:

A system and method for making funds of a transaction available to a user before a funding entry clears is provided. The system may be part of an on-line system configured to facilitate payments or fund transfers from users. In example embodiments, a transaction request from a user is received. A risk score indicating a perceived risk involved with releasing funds before the funding entry clears is computed. Funds of the transaction are caused to be released prior to the funding entry clearing a financial institution based on the risk score exceeding a transfer threshold.