System and method for transfer of funds between individuals
First Claim
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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Accused Products
Abstract
The invention provides a system and method for the transfer of funds between individuals in an efficient, effective and economical manner. The system includes a transmitting data entry device for entering transmitting transfer data identifying a first personal account of a first individual into a transfer coordinator device, and a receiving data entry device for entering receiving transfer data identifying a second personal account of a second individual into the transfer coordinator device. In addition, 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 is entered into the transfer coordinator device. A mechanism is provided for 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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Citations
20 Claims
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1. A method of transferring monetary funds comprising:
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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. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A system for transferring monetary funds comprising:
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a transmitting data entry means for entering transmitting transfer data identifying a first personal account of a first individual into a transfer coordinator device;
a receiving data entry means for entering receiving transfer data identifying a second personal account of a second individual into the transfer coordinator device;
wherein 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 is entered into said transfer coordinator device utilizing at least one of the transmitting data entry means and the receiving data entry means; and
means for 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. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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Specification