System and method for transferring money
First Claim
Patent Images
1. A system for transferring money between a sender and a recipient, comprising:
- an initiating terminal for initiating the transfer of money;
a database for storing account information of senders and recipients, and for relating account information of a sender to account information of one or more associated recipients so that, in response to a request at the initiating terminal from the sender, account information for the associated recipients may be provided to the initiating terminal in order to facilitate the transfer of money from the sender to one or more of the associated recipients.
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Accused Products
Abstract
A system and method for facilitating money transfer from a primary account holder to one or more partner accounts. The primary account holder uses a self-service terminal, which displays information on each of several related partner accounts. The displayed partner account information permits the selection of the partner account into which money is to be transferred.
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Citations
34 Claims
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1. A system for transferring money between a sender and a recipient, comprising:
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an initiating terminal for initiating the transfer of money;
a database for storing account information of senders and recipients, and for relating account information of a sender to account information of one or more associated recipients so that, in response to a request at the initiating terminal from the sender, account information for the associated recipients may be provided to the initiating terminal in order to facilitate the transfer of money from the sender to one or more of the associated recipients. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A system for transferring money from an originator to a beneficiary, comprising:
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a network of terminals, including an initiating terminal for initiating a money transfer and a dispensing terminal for dispensing transferred money;
a database in communication with the initiating and dispensing terminals, for storing account information of an originator and account information of beneficiaries, and for relating account information of the originator to account information of one or more predetermined beneficiaries; and
a database management system for managing the originator and beneficiary accounts, and in response to a request at the initiating terminal to transfer money from the originator, for automatically accessing the database for account information of the predetermined beneficiaries, so that account information on each predetermined beneficiary may be provided to the initiating terminal in order to facilitate the transfer of money from the originator to one of the predetermined beneficiaries.
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10. A system for crediting funds from one person to another, comprising:
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terminal means for initiating the transfer of money;
data base means for storing account information of senders and recipients, and for relating account information of a sender to account information of one or more selected recipients; and
database management means in communication with the terminal means, for managing sender and recipient accounts, and in response to a request at the terminal means to transfer money from the sender, for automatically accessing account information for the selected recipients at the database means, so that account information for the selected recipients may be provided to the terminal means in order to facilitate the transfer of money from the sender to one or more of the selected recipients.
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11. A method for displaying data at a terminal in connection with transferring money from the debit account of a sender to a recipient, the method comprising:
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associating a debit account of the sender with one or more recipients, the associated recipients being those to whom the sender may transfer money; and
after entry of sender account information at the terminal, displaying information on each of the associated recipients, so that the recipient to receive the money transfer may be selected based on the displayed information. - View Dependent Claims (12, 13, 14, 15, 16)
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17. A method for transferring money from a sender to a recipient, comprising:
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establishing an account and account information for each sender and each recipient;
for a specific sender, establishing one or more recipients to whom money may be transferred by the specific sender;
in response to entering account information for the specific sender at an initiating terminal, providing account information for the established recipients at the initiating terminal, in order for the sender to designate one or more recipients to whom money may be transferred; and
transferring money to the account of the recipient designated by the sender. - View Dependent Claims (18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30)
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31. A method for transferring money from a sender at an initiating terminal to a recipient at a dispensing terminal, comprising:
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predetermining one or more recipients to whom money may be transferred, and establishing an account for each of the predetermined recipients;
storing account information for each of the predetermined recipients;
requesting the transfer of money at the initiating terminal;
accessing the stored account information for each of the predetermined recipients and providing that account information at the initiating terminal in order for the sender to select one or more recipients to whom money is to be transferred;
transferring money to the selected recipients by posting a credit to the account of the selected recipients; and
retrieving the transferred money from the account of the selected recipients at one or more of the dispensing terminals.
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32. A method for conducting transactions at a financial terminal, wherein the transactions include transferring money from senders to recipients, the method comprising:
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establishing an account for each sender and an account for each recipient;
storing account information for each sender and recipient;
for a specific sender, establishing recipients to whom money may be transferred by the specific sender;
requesting transfer of money by the specific sender at a terminal;
providing account information for each of the established recipients at the terminal, in order for the sender to select the established recipient to whom money may be transferred; and
transferring money from the account of the sender to the account of the recipient selected by the sender. - View Dependent Claims (33, 34)
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Specification