Money order debit from stored value fund

Abstract

According to the invention, a method for transferring a credit amount out of an online system using a money order is disclosed. In one step, pay-out instructions are received at a server computer system from a wide-area computer network coupled to a payor. The pay-out instructions include at least two of a payee, a delivery location, and the credit amount. A first handler associated with the payor and a second handler for preparation of the money order according to the pay-out instructions are determined. The credit amount is transferred from the first handler to the online system. The pay-out instructions are sent to the second handler.

1 - 20 . (canceled) 
     
     
         21 . A method for transferring a credit amount from a payor to a payee using a negotiable instrument, the payor sending the credit amount to the payee through an online computer system comprising a payment enabler and a wide-area network, and a payor computer and a payee computer that are in communication with the wide-area network, the method comprising:
 the payment enabler having a computer processor receiving pay-out instructions, the pay-out instructions include a payee, a delivery location for the payee, and the credit amount, the credit amount having a first value;   the payment enabler receiving, from the payor computer, a first choice for a first handler, the first handler comprising one of a debit card handler, a bank funds transfer handler, a money transfer agent handler, a promotional program handler and a credit card handler;   the first handler receiving the credit amount having the first value from the payor, the first handler receiving the credit amount having the first value as one of a group comprising a debit card transfer, a bank funds transfer, a money transfer, a promotional program transfer and a credit card transfer;   the payment enabler receiving the credit amount having the first value from the first handler;   the payment enabler converting the credit amount from the first value to a second value, wherein the first value and the second value are different forms of financial value;   the payment enabler receiving a second choice of a second handler from the payee computer;   the payment enabler sending the pay-out instructions to the second handler;   the second handler receiving the credit amount having the second value from the payment enabler;   the second handler creating a negotiable instrument according to the pay-out instructions, the negotiable instrument paid with the credit amount of the second value; and   the second handler providing the negotiable instrument to the payee at the payee's delivery location.   
     
     
         22 . The method for transferring the credit amount out of the online system using the negotiable instrument as recited in  claim 21 , wherein the negotiable instrument comprises a money order, and wherein the second handler is a money order handler. 
     
     
         23 . The method for transferring the credit amount out of the online system using the money order as recited in  claim 22 , wherein the delivery location for the payee is a residence address. 
     
     
         24 . The method for transferring the credit amount out of the online system using the negotiable instrument as recited in  claim 21 , wherein the form of financial value of one of the first value and the second value is a currency of one country, and wherein the form of financial value of the other of the first value and the second value is a currency of a different country. 
     
     
         25 . The method for transferring the credit amount out of the online system using the negotiable instrument as recited in  claim 21 , wherein the form of financial value of one of the first value and the second value is promotional points, and wherein the form of financial value of the other of the first value and the second value is currency. 
     
     
         26 . The method for transferring the credit amount out of the online system using the money order as recited in  claim 22 , wherein the money order handler provides the money order to the payee at a delivery location, the delivery location is chosen from a group consisting of an agent location and an address of the payee. 
     
     
         27 . The method for transferring the credit amount out of the online system using the money order as recited in  claim 26 , further comprising steps of:
 receiving the pay-out instructions at the money order handler; and   printing the money order according to the pay-out instructions.   
     
     
         28 . The method for transferring the credit amount out of the online system using the money order as recited in  claim 26 , further comprising steps of:
 receiving the pay-out instructions at the money order handler;   printing the money order according to the pay-out instructions;   sending a notification of the money order to the payee at the payee's residence address; and   holding the money order at the delivery location of the money order handler for pick-up by the payee.   
     
     
         29 . The method for transferring the credit amount out of the online system using the money order as recited in  claim 22 , further comprising a step of storing the credit amount having the first value in a stored value fund associated with one of the payor or and the payee. 
     
     
         30 . The method for transferring the credit amount out of the online system using the money order as recited in  claim 22 , the money order handler is an agent location capable of printing money orders. 
     
     
         31 . The method for transferring the credit amount out of the online system using the money order as recited in  claim 22 , further comprising steps of:
 creating a temporary stored value fund for the payee; and   storing the credit amount having the second value in the stored value fund.   
     
     
         32 . The method for transferring the credit amount out of the online system using the money order as recited in  claim 22 , further comprising steps of:
 storing the credit amount having the second value in a first stored value fund associated with the payor; and   transferring the credit amount having the second value from the first stored value fund to a second stored value fund associated with the payee.