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System and method for transfer of funds between individuals

  • US 20030163415A1
  • Filed: 02/22/2002
  • Published: 08/28/2003
  • Est. Priority Date: 02/22/2002
  • Status: Abandoned Application
First Claim
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1. A method of transferring monetary funds comprising:

  • entering transmitting transfer data identifying a first personal account of a first individual into a transfer coordinator device utilizing a transmitting data entry device;

    entering receiving transfer data identifying a second personal account of a second individual into the transfer coordinator device utilizing a receiving data entry device;

    entering an amount data corresponding to a monetary amount to be transferred from the first personal account of the first individual to a second personal account of a second individual into said transfer coordinator device utilizing at least one of the transmitting data entry device and the receiving data entry device; and

    transferring the monetary amount from the first personal account to the second personal account based on the transmitting transfer data and the receiving transmitting data entered into the transfer coordinator device.

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