PAYMENT NETWORK

Brand	Owner (click to sort)	Address	Description
DYNAMIC PAYMENT NETWORK	American Express Marketing & Development Corp.	200 Vesey Street New York NY 10285	Payment Network;Providing temporary use of non-downloadable computer software for billing and payment tracking, analysis and reporting purposes provided over computer networks, intranets and the Internet;
INSTANT PAYMENT NETWORK	Paymentus Corporation	11605 N. Community House Road, Suite 300 Charlotte NC 28277	PAYMENT NETWORK;Software as a service (SAAS) services featuring software for providing bill payment services;
THE FASTER PAYMENT NETWORK	VIEWPOST IP HOLDINGS	2600 Lucien Way Suite 100 Maitland FL 32751	PAYMENT NETWORK;Providing a website featuring non-downloadable software for accounting functions, bill payment, and facilitating management of invoices, management of payables, and the integration of Enterprise Resource Planning (ERP) systems;
	Where the owner name is not linked, that owner no longer owns the brand

Technical Examples

A method for enabling two individual consumers to complete a transaction that includes payment from one consumer (the payor, or buyer) to another consumer (the payee, or seller). An intermediary typically operates the service over a computer network of nodes, such as the Internet. The buyer has the convenience of paying through a variety of different payment instruments. Likewise, the seller has the convenience of receiving payment through a variety of different disbursement instruments. For a fee, the intermediary collects the payment from the buyer and pays the seller. Although the intermediary may receive payment from the buyer before the intermediary transfers the payment to the seller, the intermediary may choose to pay the seller before receiving payment from the buyer. In this case, the intermediary assumes the risk of nonpayment by the buyer. Alternatively, the intermediary may pay a third party that specializes in processing transactions for the payment instrument chosen by the buyer to assume the risk of nonpayment by the buyer. In this case, the intermediary receives a promise of payment from the third party before the intermediary pays the seller. Such a promise of payment from the third party is referred to as an authorization.