MAGNETICALLY ELECTRONICALLY ENCODED DEBIT

Brand	Owner	Address	Description
ACCESS BY QUICKPAY!	American Payment Systems	One Hamden Center 2319 Whitney Avenue, 6th Floor Hamden CT 06518	Magnetically and electronically encoded debit cards; magnetically and electronically encoded cards used for debit, credit and credit card transactions;
	Where the owner name is not linked, that owner no longer owns the brand

Technical Examples

According to the invention, a process for transferring funds between a payor and a payee in an online transaction is disclosed. In one step, information is received from the payor for debiting a bank account associated with the payor. Authorization is transmitted to the payee to request debits from the payor. The total of all debit requests does not exceed an amount that is authorized. A first request is received from the payee to debit the customer a first portion of the amount. A first debit is initiated from the bank account for the first portion of the amount. A second request is received from the payee to debit the payor a second portion of the amount. A second debit is initiated from the bank account for the second portion of the amount.