SYSTEMS AND METHODS FOR TRANSFERRING FUNDS FROM A SENDING ACCOUNT
First Claim
Patent Images
1. A computer-implemented method for transferring funds from a sending account of a payor, comprising:
- taking a request to transfer funds to a payee from the sending account of the payor, such request received by a money transfer business that performs verification in respect of the request;
taking a response of the money transfer business confirming or denying the verification;
receiving the confirmation or denial response at a computer-implemented mobile remittance gateway engine, which, in the event a confirmation response is received, automatically generates and sends a transaction number to at least one of the payor, the payee and a receiving system associated with the payee;
upon presentation of the transaction number to a receiving system, facilitating verification by the receiving system of the transaction number and the amount of funds to be received by the payee; and
providing a computer-generated instruction to pay the funds requested to the payee through a money transfer business, upon successful verification of the transaction number.
1 Assignment
0 Petitions
Accused Products
Abstract
Provided herein are methods and systems for transferring funds from a sending account to a payee. In embodiments, the sending account may be a pre-paid wireless telephone account. The methods and systems may involve a transaction management system, an account setup module, a funds transfer module and a reporting module.
96 Citations
20 Claims
-
1. A computer-implemented method for transferring funds from a sending account of a payor, comprising:
-
taking a request to transfer funds to a payee from the sending account of the payor, such request received by a money transfer business that performs verification in respect of the request; taking a response of the money transfer business confirming or denying the verification; receiving the confirmation or denial response at a computer-implemented mobile remittance gateway engine, which, in the event a confirmation response is received, automatically generates and sends a transaction number to at least one of the payor, the payee and a receiving system associated with the payee; upon presentation of the transaction number to a receiving system, facilitating verification by the receiving system of the transaction number and the amount of funds to be received by the payee; and providing a computer-generated instruction to pay the funds requested to the payee through a money transfer business, upon successful verification of the transaction number. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
-
-
10. A method, comprising:
-
operating a point-of-interaction system of a money transfer business, the point-of-interaction system capable of accepting a transaction identifier; accepting a transaction identifier from a user, the transaction identifier being associated with a transfer of funds from a sending account; and upon verifying the transaction identifier, making funds available to the user through a money transfer business. - View Dependent Claims (11, 12, 13, 14, 15, 16)
-
-
17. A system for transferring funds from a sending account, comprising:
-
a mobile remittance gateway engine in association with a carrier system; at least one database of a mobile remittance gateway; at least one database of a money transfer business; at least one receiving system of the money transfer business; at least one distribution network in association with the money transfer business; and at least one network, for connecting at least two of the components. - View Dependent Claims (18, 19, 20)
-
Specification