METHODS AND APPARATUS FOR USING ASSIGNABLE FEE PROFILES TO DEFINE FEE STRUCTURES FOR REMITTANCE SERVICES
First Claim
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1. A method comprising:
- storing a plurality of service fee profiles, each of said profiles for associating a respective service fee level with each of a plurality of transaction amount tiers;
after said storing, selecting a pair of currencies, the pair of currencies including a sender currency and a recipient currency; and
assigning one of said stored service fee profiles to the selected pair of currencies to set up a service fee schedule for the selected pair of currencies, said service fee schedule for international remittance transactions that involve the selected pair of currencies.
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Abstract
A method includes storing a plurality of service fee profiles. Each of the profiles is for associating a respective service fee level with each of a plurality of transaction amount tiers. The method further includes, after the storing step, selecting a pair of currencies. The pair of currencies includes a sender currency and a recipient currency. The method also includes assigning one of the stored service fee profiles to the selected pair of currencies to set up a service fee schedule for the selected pair of currencies.
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Citations
18 Claims
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1. A method comprising:
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storing a plurality of service fee profiles, each of said profiles for associating a respective service fee level with each of a plurality of transaction amount tiers; after said storing, selecting a pair of currencies, the pair of currencies including a sender currency and a recipient currency; and assigning one of said stored service fee profiles to the selected pair of currencies to set up a service fee schedule for the selected pair of currencies, said service fee schedule for international remittance transactions that involve the selected pair of currencies. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A method comprising:
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storing a plurality of service fee profiles, each of said profiles for associating a respective service fee level with each of a plurality of transaction amount tiers; after said storing, defining a currency remittance channel, the currency remittance channel including a sender country, a sender currency, a recipient country and a recipient currency; and assigning one of said stored service fee profiles to the defined currency remittance channel to set up a service fee schedule for the defined currency remittance channel, said service fee schedule for international remittance transactions that involve the sender currency and the recipient currency. - View Dependent Claims (8, 9, 10, 11, 12)
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13. An apparatus comprising:
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a processor; and a memory device in communication with the processor and storing program instructions, the processor operative with the program instructions to; store a plurality of service fee profiles, each of said profiles for associating a respective service fee level with each of a plurality of transaction amount tiers; after said storing, define a currency remittance channel, the currency remittance channel including a sender country, a sender currency, a recipient country and a recipient currency; and assign one of said stored service fee profiles to the defined currency remittance channel to set up a service fee schedule for the defined currency remittance channel, said service fee schedule for international remittance transactions that involve the sender currency and the recipient currency. - View Dependent Claims (14, 15, 16, 17, 18)
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Specification