METHOD AND SYSTEM FOR PERFORMING MONEY TRANSFER TRANSACTIONS
First Claim
Patent Images
1. A method for performing a money transfer transaction, the method comprising:
- storing transaction data on a host computer system, wherein the transaction data includes a desired amount of money to be transferred to a recipient;
receiving transaction identifying information provided by the recipient;
comparing the transaction identifying information with the transaction data stored on the host computer system;
requesting payout card identifying information corresponding to a payout card selected from a source of payout cards previously provided to a receive transaction initiating location;
receiving at the host computer system the payout card identifying information associated with the payout card;
determining whether the payout card corresponding to the payout card identifying information validly corresponds to one from the source of payout cards previously provided to the receive transaction initiating location; and
upon determining that the payout card is valid, loading payout funds corresponding to at least a portion of the desired amount of money to be transferred in a payout account associated with the payout card if the transaction identifying information matches the transaction data stored on the host computer system, such that the payout funds are electronically accessible by the recipient using the payout card.
0 Assignments
0 Petitions
Accused Products
Abstract
A method for performing a money transfer receive transaction includes loading payout funds, corresponding to a desired amount of money to be transferred from a sender to a recipient, in a payout account associated with a payout card, such that the payout funds are electronically accessible by the recipient using the payout card. A system for performing a money transfer receive transaction is also provided.
-
Citations
14 Claims
-
1. A method for performing a money transfer transaction, the method comprising:
-
storing transaction data on a host computer system, wherein the transaction data includes a desired amount of money to be transferred to a recipient; receiving transaction identifying information provided by the recipient; comparing the transaction identifying information with the transaction data stored on the host computer system; requesting payout card identifying information corresponding to a payout card selected from a source of payout cards previously provided to a receive transaction initiating location; receiving at the host computer system the payout card identifying information associated with the payout card; determining whether the payout card corresponding to the payout card identifying information validly corresponds to one from the source of payout cards previously provided to the receive transaction initiating location; and upon determining that the payout card is valid, loading payout funds corresponding to at least a portion of the desired amount of money to be transferred in a payout account associated with the payout card if the transaction identifying information matches the transaction data stored on the host computer system, such that the payout funds are electronically accessible by the recipient using the payout card. - View Dependent Claims (2, 3, 4, 5, 6, 7)
-
-
8. A method for performing a money transfer transaction, the method comprising:
-
storing transaction data on a host computer system, wherein the transaction data includes a desired amount of money to be transferred from a sender to a recipient; receiving transaction identifying information from a first terminal in communication with the host computer system; comparing the transaction identifying information with the transaction data stored on the host computer system; receiving at the host computer payout card identifying information associated with an anonymous payout card dispensed from a source of payout cards located at the first terminal, wherein the payout card identifying information includes an account number; storing the payout card identifying information on the host computer system; loading payout funds, corresponding to at least a portion of the desired amount of money to be transferred, in an account associated with the account number and maintained on the host computer system, if the transaction identifying information matches the transaction data stored on the host computer system; receiving input associated with the payout card from a second terminal in communication with the host computer system; comparing the input to the payout card identifying information stored on the host computer system; and allowing funds corresponding to the payout funds to be dispensed to the recipient if the input matches the card identifying information stored on the host computer system. - View Dependent Claims (9)
-
-
10. A system for performing a money transfer transaction, the system comprising:
-
a host computer system for storing transaction data wherein the transaction data includes a desired amount of money to be transferred to a recipient; and a terminal in communication with the host computer system for receiving transaction identifying information and for transmitting the transaction identifying information to the host computer system; wherein the host computer system is operative to compare the transaction identifying information with the stored transaction data, receive payout card identifying information associated with a payout card selected from a source of payout cards previously provided to the terminal, determine whether the payout card corresponding to the payout card identifying information validly corresponds to one from the source of payout cards previously provided to the terminal and, upon determining that the payout card is valid, the host computer system is further operable to load payout funds corresponding to the desired amount of money to be transferred in a payout account associated with the payout card if the transaction identifying information matches the stored transaction data. - View Dependent Claims (11, 12, 13, 14)
-
Specification