METHOD AND APPARATUS FOR MONEY TRANSFER

• US 20080083826A1
• Filed: 08/15/2007
• Published: 04/10/2008
• Est. Priority Date: 02/28/2005
• Status: Active Grant

• Current Assignee: MoneyGram International Incorporated
• Original Assignee: MoneyGram International Incorporated
• Inventors: Henry, James, Steiger, Billy
• Granted Patent: US 7,798,397 B2
• Time in Patent Office: Days
• US Class Current: 235/379
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/14 specially adapted for billing systems
• CPC Class Codes: G06Q 20/18 involving self-service terminals [SST], vending machines, kiosks or multimedia terminals
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/367 involving electronic purses or money safes
• 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 20/4014 Identity check for transactions
• CPC Class Codes: G06Q 20/4016 involving fraud or risk level assessment in transaction processing
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 30/018 Certifying business or products

Abstract

A method of performing a money transfer transaction involves receiving information at an automated kiosk from a user for a money transfer transaction, including a transaction type selection and, responsive to the information from the user received at the kiosk, building a staging record for the transaction. The staging record includes at least a retrieval key to identify the staging record and a transaction type identifier. The method provides to the sender from the kiosk a machine readable staged transaction token with staging information stored thereon, including the retrieval key for use in transaction fulfillment.

Claims

1. A method of performing a money transfer transaction comprising:

receiving information at an automated kiosk from a user for a money transfer transaction, including a transaction type selection;

responsive to the information from the user received at the kiosk, building a staging record for the transaction, said staging record including at least a retrieval key to identify the staging record and a transaction type identifier; and

providing to the sender from the kiosk a machine readable staged transaction token with staging information stored thereon, including the retrieval key for use in transaction fulfillment.

2. The method of claim 1 wherein the step of providing a staged transaction token comprises providing a token with a bar code readable by a conventional POS bar code reader.

3. The method of claim 1, further comprising scanning the token at a point of sale terminal to extract the staging record information;

and

responsive to the transaction type, providing instructions to a point of sale operator for steps necessary to fulfill the transaction.

4. The method of claim 3 wherein the step of scanning the token further comprises reading the bar code from the token and responsive to the bar code preparing a message for retrieving the staging record and applying the staging record information to formulate the instructions to a point of sale operator.

5. The method of claim 1, further comprising:

in response to the transaction type being a send or payment transaction, building committed send/payment record information necessary for applying compliance rules, including final send/payment amount and the agent location information, and identifying in the compliance rules at least one applicable compliance window;

testing the requested send/payment transaction and compliance data for consistency with the at least one applicable compliance window;

responsive to an affirmative test for consistency, prompting the agent to collect from the sender payment of the requested send/payment amount and any transaction fee; and

responsive to the agent'"'"'s confirmation of receipt of payment, preparing a committed send/payment transaction record.

6. The method of claim 1, wherein the step of providing to the sender from the kiosk a machine readable staged transaction token further comprises providing a token in which a portion of the staging information is encoded.

7. The method of claim 1, wherein the step of providing to the sender from the kiosk a machine readable staged transaction token further comprises providing a token in which the retrieval key is encoded.

8. The method of claim 1, wherein the step of providing to the sender from the kiosk a machine readable staged transaction token further comprises providing a token in which a portion of the staging information is authentication information.

9. The method of claim 1, wherein the step of providing to the sender from the kiosk a machine readable staged transaction token further comprises providing a printed token in which a portion of the staging information is encoded.

10. The method of claim 1, wherein the step of providing to the sender from the kiosk a machine readable staged transaction token further comprises providing a printed token in which a portion of the staging information is encoded in a bar code.

18. The kiosk of claim 1, wherein the dispenser for providing to the sender from the kiosk a machine readable staged transaction token comprises a dispenser providing a token in which a portion of the staging information is authentication information.

11. A kiosk for staging a money transfer transaction comprising:

a processor and input device for a user to provide information in response to a transaction script;

a code component for receiving information from a user for a money transfer transaction, including a transaction type selection;

a code component responsive to the information from the user received at the input device, for building a staging record for the transaction, said staging record including at least a retrieval key to identify the staging record and a transaction type identifier; and

a dispenser for providing to the sender from the kiosk a machine readable staged transaction token with staging information stored thereon, including the retrieval key for use in transaction fulfillment.

12. The kiosk of claim 11 wherein the dispenser for providing a staged transaction token comprises a dispenser for providing a token with a bar code readable by a conventional POS bar code reader.

13. The kiosk of claim 11, in a money transfer system further comprising:

a scanner for scanning the token at a point of sale terminal to extract the staging record information; and

a code component responsive to the transaction type, for providing instructions to a point of sale operator for steps necessary to fulfill the transaction.

14. The kiosk of claim 13 in a money transfer system wherein the scanner for scanning the token further comprises a component for reading the bar code from the token and responsive to the bar code preparing a message for retrieving the staging record and applying the staging record information to formulate the instructions to a point of sale operator.

15. The kiosk of claim 11, in a money transfer system further comprising:

a code component responsive to the transaction type being a send or payment transaction, for building committed send/payment record information necessary for applying compliance rules, including final send/payment amount and the agent location information, and identifying in the compliance rules at least one applicable compliance window;

a code component for testing the requested send/payment transaction and compliance data for consistency with the at least one applicable compliance window;

a code component responsive to an affirmative test for consistency for prompting the agent to collect from the sender payment of the requested send/payment amount and any transaction fee; and

a code component responsive to the agent'"'"'s confirmation of receipt of payment, for preparing a committed send/payment transaction record.

16. The kiosk of claim 11, wherein the dispenser for providing to the sender from the kiosk a machine readable staged transaction token comprises a dispenser providing a token in which a portion of the staging information is encoded.

17. The kiosk of claim 11, wherein the dispenser for providing to the sender from the kiosk a machine readable staged transaction token comprises a dispenser providing a token in which the retrieval key is encoded.

19. The kiosk of claim 11, wherein the dispenser for providing to the sender from the kiosk a machine readable staged transaction token comprises a dispenser providing a printed token in which a portion of the staging information is encoded.

20. The kiosk of claim 11, wherein the dispenser for providing to the sender from the kiosk a machine readable staged transaction token comprises a dispenser providing a printed token in which a portion of the staging information is encoded in a bar code.

21. A computer program stored in a machine readable medium for performing a money transfer transaction comprising:

a code component for receiving information from a user for a money transfer transaction, including a transaction type selection;

a code component responsive to the information from the user, for building a staging record for the transaction, said staging record including at least a retrieval key to identify the staging record; and

a code component for controlling a dispenser for providing to the sender a machine readable staged transaction token with staging information stored thereon, including the retrieval key for use in transaction fulfillment.

22. The computer program of claim 21 wherein the dispenser providing a staged transaction token comprises a dispenser providing a token with a bar code readable by a conventional POS bar code reader.

23. The computer program of claim 21, further comprising a code component for scanning the token at a point of sale terminal to extract the staging record information;

and responsive to the transaction type, providing instructions to a point of sale operator for steps necessary to fulfill the transaction.

24. The computer program of claim 23 wherein the code for scanning the token further comprises code for reading the bar code from the token and responsive to the bar code preparing a message for retrieving the staging record and applying the staging record information to formulate the instructions to a point of sale operator.

25. The computer program of claim 21, further comprising:

a code component responsive to the transaction type being a send or payment transaction, for building committed send/payment record information necessary for applying compliance rules, including final send/payment amount and the agent location information, and identifying in the compliance rules at least one applicable compliance window;

a code component for testing the requested send/payment transaction and compliance data for consistency with the at least one applicable compliance window;

a code component responsive to an affirmative test for consistency, for prompting an agent to collect from the sender payment of the requested send/payment amount and any transaction fee; and

a code component responsive to the agent'"'"'s confirmation of receipt of payment, for preparing a committed send/payment transaction record.

26. The computer program of claim 21, wherein the step of providing to the sender from the kiosk a machine readable staged transaction token further comprises providing a token in which a portion of the staging information is encoded.

27. The computer program of claim 21, wherein the step of providing to the sender from the kiosk a machine readable staged transaction token further comprises providing a token in which the retrieval key is encoded.

28. The computer program of claim 21, wherein the step of providing to the sender from the kiosk a machine readable staged transaction token further comprises providing a token in which a portion of the staging information is authentication information.

29. The computer program of claim 21, wherein the step of providing to the sender from the kiosk a machine readable staged transaction token further comprises providing a printed token in which a portion of the staging information is encoded.

30. The computer program of claim 21, wherein the code for providing to the sender from the kiosk a machine readable staged transaction token further comprises providing a printed token in which a portion of the staging information is encoded in a bar code.

31. A system for performing a money transfer transaction comprising:

a code component for receiving information from a user for a money transfer transaction, including a transaction type selection;

a code component responsive to the information from the user received at the input device, for building a staging record for the transaction, said staging record including a retrieval key to identify the staging record;

a code component for providing to the sender a machine readable staged transaction token with staging information stored thereon, including the retrieval key for use in transaction fulfillment. a point of sale reader for reading staging information on the staged transaction token and locating a corresponding staging record;

a code component responsive to the corresponding staging record, for prompting a point of sale attendant to perform collection or payment actions according to the transaction type of the transaction that was staged; and

a code component responsive to the agent'"'"'s confirmation of fulfillment, for updating the staging record.