Nancy L Gross

US Patent:

20170344967, Nov 30, 2017

Filed:

Jul 17, 2017

Appl. No.:

15/652220

Inventors:

- Jenkintown PA, US
Neal H. Keitz - Boynton Beach FL, US
Michael L. Keitz - Dresher PA, US
Andrew Brecher - Lower Gwynedd PA, US
Nancy Gussow Gross - Dresher PA, US
Craig E. Conway - Bryn Mawr PA, US
Jerry Steinbrink - Doylestown PA, US
Stuart L. Anmuth - Philadelphia PA, US

International Classification:

G06Q 20/12
G06Q 40/04
G06Q 20/02

Abstract:

In general, this disclosure describes an electronic payment processing system that facilitates payment for goods or services using securities, such as stock. In some examples, a computing device includes at least one processor configured to receive data indicating an electronic payment request for a transaction associated with a provider of goods or services; process the payment request with a payment processing system to access a data store of a data storage device to identify one or more accounts associated with a recipient of the goods or services and to determine whether the identified accounts have sufficient amount of securities to satisfy an amount specified by the electronic payment request; and when the identified account has a sufficient amount of securities to satisfy the amount specified by the payment request, automatically generating an electronic response message from the payment processing system indicating pending payment for the transaction.