Alias management and off-us dda processing

Abstract

An alias management and off-us demand deposit account processing system is disclosed. A sending entity initiates a value transfer with a payment processing network indicating a value transfer providing issuer which will conduct the value transfer and a demand deposit account issuer which hosts the demand deposit account that funds the value transfer. The sending entity is able to conduct a value transfer via a value transfer providing issuer using funds from an account with another issuer.

1 . A method comprising:
 sending, by a payment processing network server computer, a debit instruction message to a first financial institution to withdrawal at least a transfer amount from a second financial institution, the withdrawal request message comprising a demand deposit account identifier associated with the second financial institution, wherein the withdrawn funds are to be subsequently transferred to a third financial institution;   receiving, by the payment processing network computer, a withdrawal response message from the first financial institution confirming the withdrawal of at least the transfer amount from the second financial institution; and   initiating, by the payment processing network server computer, the sending of the transfer amount to a recipient entity account associated with the third financial institution.   
     
     
         2 . The method of  claim 1 , further comprising sending, by the payment processing network server computer, an authorization request message to a third party authenticator, querying if at least the transfer amount is available from a demand deposit account, and receiving an authorization response message from the third party authenticator indicating that at least the transfer amount is available from the demand deposit account. 
     
     
         3 . The method of  claim 2 , wherein the debit instruction message further comprises an authorization response indicator indicating that at least the transfer amount exists in the demand deposit account. 
     
     
         4 . The method of  claim 1 , wherein initiating the sending of the transfer amount to the third financial institution comprises sending a credit message to the third financial institution, wherein the credit message comprises a BIN associated with the first financial institution and a personal account number (PAN) associated with the recipient entity account. 
     
     
         5 . The method of  claim 4 , wherein the credit message is an original credit transaction. 
     
     
         6 . The method of  claim 1 , wherein the demand deposit account and the recipient entity account at the third financial institution are payment card accounts. 
     
     
         7 . The method of  claim 1 , wherein the recipient entity account is identified via a recipient entity alias, the first financial institution is a value transfer providing issuer, the second financial institution is a demand deposit account issuer, and the third financial institution is a recipient entity issuer. 
     
     
         8 . The method of  claim 1 , further comprising receiving a confirmation message from a recipient entity issuer indicating that at least the transfer amount was credited to the recipient entity account. 
     
     
         9 . The method of  claim 1 , further comprising receiving a value transfer initiation message from a sending entity comprising a transfer amount, a money transfer providing issuer identifier, a demand deposit account identifier, and a recipient entity identifier. 
     
     
         10 . The method of  claim 9 , wherein the recipient entity identifier is a verifiable alias. 
     
     
         11 . A non-transitory computer readable medium comprising code that when executed by a processor performs the method of  claim 1 . 
     
     
         12 . A method comprising
 receiving, by a value transfer providing issuer server computer, a debit instruction message comprising a transfer amount and a demand deposit account identifier;   sending, by the value transfer providing issuer server computer, a debit message to a demand deposit account issuer to debit at least the transfer amount from a demand deposit account, wherein the demand deposit account issuer and the demand deposit account are identified using the demand deposit account identifier;   receiving, by the value transfer providing issuer server computer, from the demand deposit account issuer confirmation that that at least the transfer amount was debited from the demand deposit account; and   sending, by the value transfer providing issuer server computer, a confirmation message confirming that at least the transfer amount has been debited from the demand deposit account to a payment processing network server computer.   
     
     
         13 . The method of  claim 12 , further comprising receiving a authorization response message from the payment processing network server computer indicating that at least the transfer amount is available from the demand deposit account. 
     
     
         14 . A non-transitory computer readable medium comprising code that when executed by a processor performs the method of  claim 12 . 
     
     
         15 . A system comprising
 a processor; and   a computer-readable medium coupled to the processor, the computer readable medium comprising code executable by the processor for implementing a method comprising:   sending a debit instruction message to a first financial institution to withdrawal at least a transfer amount from a second financial institution, wherein the withdrawal request message comprises a demand deposit account identifier associated with the second financial institution;   receiving a withdrawal response message from the first financial institution confirming the withdrawal of at least the transfer amount from the second financial institution; and   initiating the sending of the transfer amount to a recipient entity account associated with the third financial institution.   
     
     
         16 . The method of  claim 15 , further comprising sending an authorization request message to a third party authorizer, querying if at least the transfer amount is available from a demand deposit account, and receiving an authorization response message from the third party authenticator indicating that at least the transfer amount is available from the demand deposit account. 
     
     
         17 . The method of  claim 15 , wherein the debit instruction message further comprises an authorization response indicator indicating that at least the transfer amount exists in the demand deposit account. 
     
     
         18 . The method of  claim 15 , wherein initiating the sending of the transfer amount to the third financial institution comprises sending a credit message to the third financial institution wherein the credit message comprises a first financial institution acquiring BIN and the third financial institution PAN.