MAGNETICALLY ENCODED DEBIT

Brand	Owner	Address	Description
PURPOSE CONNEXTION	Valued Services Intellectual Property Management, Inc.	101 Convention Center Drive Suite 850-19A Las Vegas NV 89109	Magnetically encoded debit, credit, and cash cards;PURPOSE CONNECTION;
	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.