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Methods and system for utilizing cash with online activities

  • US 10,115,085 B2
  • Filed: 02/28/2013
  • Issued: 10/30/2018
  • Est. Priority Date: 05/12/2011
  • Status: Active Grant
First Claim
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1. A method of establishing access to a cash money transfer system for a third-party system, said method comprising:

  • establishing, by a processing device of the cash money transfer system, a communication link between the third-party system and the cash money transfer system, wherein the third-party system uses an account-based protocol, and the cash money transfer system uses a cash-based protocol, wherein the third-party system includes an online financial service provider that administers online accounts that maintain financial balances, the online accounts including an online financial resource of a customer, and wherein accessing funds within the third-party system according to the account-based protocol requires distributing the funds from one of the online accounts to another one of the online accounts;

    receiving, by the processing device of the cash money transfer system, via the communication link, data describing a transaction from the third-party system, wherein the data includes funds to be received at the cash money transfer system from the online financial resource of the customer;

    generating, based on the received data, by the processing device of the cash money transfer system, a cash-based transaction to be executed according to the cash-based protocol of the cash money transfer system; and

    executing, by the processing device of the cash money transfer system, the cash-based transaction according to the cash-based protocol of the cash money transfer system, wherein the executing includes;

    receiving the funds from the online financial resource of the customer at the money transfer system;

    identifying the customer at an agent location of the cash money transfer system; and

    distributing the funds received from the online financial resource of the customer, in cash form, to the identified customer at the agent location of the cash money transfer system such that the customer receives the funds without transferring the funds to a bank account and without cashing a check.

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