Inventors:
Thomas C. Baker - Grover Beach CA, US
Diane M. Derocher - Peoria AZ, US
Lawrence Stanton Hoffman - Scottsdale AZ, US
Bruno Jimenez - Litchfield Park AZ, US
Yogesh R. More - Phoenix AZ, US
Pauline Raffaele - Waddell AZ, US
Andrea M. Saporito - New York NY, US
Jennifer Lynne Wybraniec - New York NY, US
Assignee:
American Express Travel Related Services Company, Inc. - New York NY
International Classification:
G06Q 40/00
Abstract:
The present invention provides an automated system configured to facilitate transfers of cash value from one or more lines of credit to one or more deposit accounts or payment systems. An automated system ensures that requested funds are available in a customer's one or more lines of credit and electronically deposits the requested funds into one or more designated deposit accounts or payment systems. An automated system provides a means for customers to manage lines of credit, setup transfer transactions, define rules governing transfers and view transactional history. The automated system, in network connection with the lending organization's backend systems, may authenticate customer identities and credit accounts as well as insure that the requested funds are available for transfer into a deposit account.