Mark J Sheehan

US Patent:

7627521, Dec 1, 2009

Filed:

Jan 10, 2003

Appl. No.:

10/339596

Inventors:

Mark Sheehan - Middletown DE, US
William Wallace - Downingtown PA, US
Lee Knackstedt - Bear DE, US

Assignee:

JPMorgan Chase Bank, N.A. - New York NY

International Classification:

G06Q 40/00

US Classification:

705 38, 705 50, 705 64, 705 80

Abstract:

The method and system of the invention provide a variety of techniques for processing a microtransaction, wherein the microtransaction is a low monetary amount. In accordance with the invention, the method starts with a customer initiating a purchase through interaction with a merchant. The purchase is associated with purchase information, which includes the particulars of the purchase, such as the purchase price. In the purchase, the customer uses a transaction account, obtained from a payment enabler. The merchant submits the purchase information for processing of the purchase information. Thereafter, the purchase is classified as a microtransaction, if the purchase price is below a predetermined monetary amount. Thereafter, the purchase information is forwarded for processing based on the classifying, i. e. , as a result of the purchase being classified as a microtransaction.

US Patent:

7801814, Sep 21, 2010

Filed:

Sep 8, 2006

Appl. No.:

11/517268

Inventors:

Glen R. Cataline - Dublin OH, US
William Smith Rielly - Redmond WA, US
William Scott Wallace - Downingtown PA, US
Mark Robert Sheehan - Middletown DE, US

Assignee:

JPMorgan Chase Bank, N.A. - New York NY

International Classification:

G06Q 40/00

US Classification:

705 39, 705 40

Abstract:

A system for transferring funds to pay bills and to and from selected accounts on an optimized is provided. A mediation engine may manage the payments made to selected payees, including by scheduling the payments and selecting sources for funds. A rules-based optimizer may automatically select the least-cost or other most efficient or desirable transaction, given the customer's available funds, types of funds and payment date. All payment providers and payees may manipulated using one seamless view. A customer service representative may also view the transfers.

US Patent:

7848974, Dec 7, 2010

Filed:

Sep 1, 2004

Appl. No.:

10/930835

Inventors:

Mark Sheehan - Newark DE, US

Assignee:

JPMorgan Chase Bank, N.A. - New York NY

International Classification:

G06Q 40/00

US Classification:

705 35

Abstract:

A system and method for computer-implemented method for setting up customer bill payment information associated with a first financial account maintained by a first financial institution in a second account maintained by a second financial institution is provided. A request to transfer bill payment information from a first account with a first financial institution into a second account with a second financial institution is received from a customer, wherein the first account comprises first customer bill payment information, and wherein the transfer request comprises account access information usable to access the first account. The customer bill payment information is acquired by the second financial institution using a computer. The customer bill payment information is set up in the second account.

US Patent:

8285641, Oct 9, 2012

Filed:

Nov 6, 2001

Appl. No.:

09/985900

Inventors:

Glen R. Cataline - Dublin OH, US
William Smith Rielly - Redmond WA, US
William Scott Wallace - Downingtown PA, US
Mark Robert Sheehan - Middletown DE, US

Assignee:

JPMorgan Chase Bank, N.A. - New York NY

International Classification:

G06Q 40/00

US Classification:

705 40, 705 39

Abstract:

A system for transferring funds to pay bills and to and from selected accounts on an optimized is provided. A mediation engine may manage the payments made to selected payees, including by scheduling the payments and selecting sources for funds. A rules-based optimizer may automatically select the least-cost or other most efficient or desirable transaction, given the customer's available funds, types of funds and payment date. All payment providers and payees may manipulated using one seamless view. A customer service representative may also view the transfers.

US Patent:

8290862, Oct 16, 2012

Filed:

Jul 23, 2004

Appl. No.:

10/897177

Inventors:

Mark Sheehan - Newark DE, US
Ravi Acharya - Philadelphia PA, US

Assignee:

JPMorgan Chase Bank, N.A. - New York NY

International Classification:

G06Q 40/00

US Classification:

705 40, 705 39, 705 41

Abstract:

A method and system of the present invention are directed to expediting payments for scheduled delivery (e. g. , next day delivery) to various payees or recipients. A computer implemented method and system for expediting payments may include receiving recipient data and payment data from a customer at a remote location; wherein recipient data comprises recipient identifier and payment data comprises payment type; obtaining a payment instrument based at least in part on the payment data; debiting an amount of the payment instrument from an account identified by the customer; and delivering the payment instrument to a facility; wherein the facility delivers the payment instrument to a recipient identified by the recipient data entered by the customer.

US Patent:

8290863, Oct 16, 2012

Filed:

Nov 23, 2005

Appl. No.:

11/284920

Inventors:

Mark Sheehan - Newark DE, US
Ravi Acharya - Philadelphia PA, US

Assignee:

JPMorgan Chase Bank, N.A. - New York NY

International Classification:

G06Q 40/00

US Classification:

705 40, 705 39, 705 41

Abstract:

A method and system of the present invention are directed to expediting payments for scheduled delivery (e. g. , same day delivery, next day delivery) to various payees or recipients. A computer implemented method and system for expediting payments may include receiving recipient data and payment data from a customer at a remote location; wherein recipient data comprises recipient identifier and payment data comprises payment type and delivery time; obtaining a payment instrument based at least in part on the payment data; debiting an amount of the payment instrument from an account identified by the customer; and delivering the payment instrument to a facility; wherein the facility delivers the payment instrument to a recipient identified by the recipient data entered by the customer.

US Patent:

8429069, Apr 23, 2013

Filed:

Nov 21, 2011

Appl. No.:

13/301013

Inventors:

Mark Sheehan - Middletown DE, US
William Wallace - Downingtown PA, US
Lee Knackstedt - Bear DE, US

Assignee:

JPMorgan Chase Bank, N.A. - New York NY

International Classification:

G06Q 40/00

US Classification:

705 38, 705 50, 705 64, 705 80

Abstract:

Methods and systems of the invention provide a variety of techniques for processing microtransactions. In accordance with the invention, the method starts with a customer initiating a purchase through interaction with a merchant. The purchase is associated with purchase information, which includes the particulars of the purchase, such as the purchase price. In the purchase, the customer uses a transaction account, obtained from a payment enabler. The purchase is classified as a microtransaction, if the purchase price is below a predetermined monetary amount. Thereafter, the purchase information is forwarded for processing based on the classifying, i. e. , either as a regular transaction or as a microtransaction. Then, upon receipt of the purchase information by an appropriate recipient, such as an interchange entity or an alternate interchange entity, the purchase information is processed to effect the microtransaction, if so classified, between the customer and the merchant.

US Patent:

8429072, Apr 23, 2013

Filed:

Sep 27, 2011

Appl. No.:

13/246321

Inventors:

Mark Sheehan - Middletown DE, US
William Wallace - Downingtown PA, US
Lee Knackstedt - Bear DE, US

Assignee:

JPMorgan Chase Bank, N.A. - New York NY

International Classification:

G06Q 40/00

US Classification:

705 39, 705 38, 705 50, 705 64, 705 80

Abstract:

Methods and systems of the invention provide a variety of techniques for processing microtransactions. In accordance with the invention, the method starts with a customer initiating a purchase through interaction with a merchant. The purchase is associated with purchase information, which includes the particulars of the purchase, such as the purchase price. In the purchase, the customer uses a transaction account, obtained from a payment enabler. The purchase is classified as a microtransaction, if the purchase price is below a predetermined monetary amount. Thereafter, the purchase information is forwarded for processing based on the classifying, i. e. , either as a regular transaction or as a microtransaction. Then, upon receipt of the purchase information by an appropriate recipient, such as an interchange entity or an alternate interchange entity, the purchase information is processed to effect the microtransaction, if so classified, between the customer and the merchant.