Method and system for performing money transfer transactions

• US 20060191999A1
• Filed: 04/26/2006
• Published: 08/31/2006
• Est. Priority Date: 10/26/1999
• Status: Active Grant

• Current Assignee: Western Union
• Original Assignee: First Data Corporation (Fiserv Incorporated)
• Inventors: Seifert, Dean A., Stoutenburg, Earney E.
• Granted Patent: US 7,673,792 B2
• Time in Patent Office: Days
• US Class Current: 235/379
• CPC Class Codes: G06Q 20/00 Payment architectures, schemes or protocols apparatus for performing or posting payment transactions G07F7/08, G07F19/00; electronic cash registers G07G1/12
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/1085 involving automatic teller machines [ATMs]
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/381 Currency conversion
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G07F 19/20 Automatic teller machines [ATMs]
• CPC Class Codes: G07F 19/201 Accessories of ATMs
• CPC Class Codes: G07F 19/203 Dispensing operations within ATMs dispensing in general G07D11/00

Abstract

A system for performing a money transfer receive transaction includes a receive transaction staging device which provides a recipient with access to a financial services institution in order to receive transaction details from the recipient. The system also includes a data base for storing transaction details and a receive control code, wherein the transaction details include a receive amount, and wherein the receive control code corresponds to the transaction details stored on the data base. The system further includes a receive transaction fulfillment device in communication with the data base to retrieve the receive control code and the transaction details from the data base based on the receive control code. The data base verifies the receive control code and authorizes the receive transaction fulfillment device to issue cash or another negotiable instrument corresponding to at least a portion of the receive amount.

Claims

1. A system for performing a money transfer receive transaction, the system comprising:

a receive transaction staging device for providing a recipient direct access to an employee of a financial services institution in order to receive transaction details from the recipient;

a data base for storing the transaction details and a receive control code that corresponds to the transaction details; and

a receive transaction fulfillment device in communication with the data base, the receive transaction fulfillment device being configured to receive the receive control code and to retrieve the transaction details from the data base based on the receive control code.

2. The system of claim 1 wherein the receive transaction staging device includes an encoder for encoding the receive control code on a card, and the receive transaction fulfillment device includes a card reader for receiving the card in order to read the receive control code therefrom.

3. The system of claim 1 wherein the receive transaction staging device includes a first voice scanner for establishing the receive control code as a voice print, and wherein the receive transaction fulfillment device includes a second voice scanner for receiving the voice print.

4. The system of claim 1 wherein the receive transaction staging device includes a first anatomical image scanner for establishing the receive control code as an anatomical image, and wherein the receive transaction fulfillment device includes a second anatomical image scanner for receiving the anatomical image.

5. The system of claim 4 wherein the first anatomical image scanner includes a first fingerprint scanner for establishing the receive control code as a fingerprint, and wherein the second anatomical image scanner includes a second fingerprint scanner for receiving the fingerprint.

6. The system of claim 4 wherein the first anatomical image scanner includes a first retina scanner for establishing the receive control code as a retinal image, and wherein the second anatomical image scanner includes a second retina scanner for receiving the retinal image.

7. The system of claim 4 wherein the first anatomical image scanner includes a first face scanner for establishing the receive control code as a facial image, and wherein the second anatomical image scanner includes a second face scanner for receiving the facial image.

8. The system of claim 1 wherein the receive transaction staging device includes a telephone.

9. The system of claim 1 wherein the receive transaction staging device includes a personal computer.

10. The system of claim 1 wherein the receive transaction staging device includes a kiosk.

11. The system of claim 1 wherein the receive transaction fulfillment device includes a personal computer.

12. The system of claim 1 wherein the receive transaction fulfillment device includes an electronic terminal having a numeric keypad, at least one function key, and a display device.

13. The system of claim 1 wherein the receive transaction fulfillment device includes a printer for printing a receipt or a negotiable instrument.