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GLOBAL REMITTANCE PLATFORM

  • US 20130013497A1
  • Filed: 09/14/2012
  • Published: 01/10/2013
  • Est. Priority Date: 10/29/2004
  • Status: Active Application
First Claim
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1. A method for remitting funds from a remitter to a beneficiary, comprising:

  • maintaining a database associated with a bank account for a remitter at a bank, the bank associated with an enterprise;

    receiving transaction data for a remittance transaction, the transaction associated with providing funds from the remitter to the beneficiary;

    retrieving the funds from the bank account of the remitter; and

    making the funds available to the beneficiary in the form of cash;

    wherein the remittance transaction is not anchored to a particular account of the beneficiary and the beneficiary does not have an account with the enterprise.

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