METHOD AND SYSTEM OF PERFORMING A MONEY TRANSFER

• US 20140244486A1
• Filed: 02/25/2014
• Published: 08/28/2014
• Est. Priority Date: 02/25/2013
• Status: Abandoned Application

• Current Assignee: Vodafone GmbH (Vodafone Group PLC)
• Original Assignee: Vodafone GmbH (Vodafone Group PLC)
• Inventors: Abril, Jaime
• Application Number:
  US14/189,273
• Publication Number:
  US 20140244486A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/223 based on the use of peer-to-peer networks
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"

Abstract

Method and system of performing a money transfer over a network or between accounts within a given monetary account system, wherein on the occurrence of a trigger event a money transfer is effected from a first SVA entity, which serves as a loaning entity, to a second SVA entity, which serves as a receiving entity. In order to provide a solution by which a loaner of money and a receiver of money can be brought into a special relationship such that it is particularly possible to automatically performing a money transfer it is provided that on the occurrence of the trigger event the money transfer is effected from the first SVA loaning entity to such a second SVA receiving entity, that has been set up in a previous authorisation step as a pre-authorised second SVA receiving entity with respect to the first SVA loaning entity.

Claims

1. A method of performing a money transfer over a network or between accounts within a given monetary account system, in particular for performing a transfer of microloans, between SVA (Stored Value Account) entities, which are assigned to an SVA service, in particular method of topping-up an SVA entity with money, wherein on the occurrence of a trigger event a money transfer is effected from a first SVA entity, which serves as a loaning entity, to a second SVA entity, which serves as a receiving entity,

characterized in that

on the occurrence of the trigger event the money transfer is effected from the first SVA loaning entity to such a second SVA receiving entity, that has been set up in a previous authorisation step as a pre-authorised second SVA receiving entity with respect to the first SVA loaning entity.

2. The method according to claim 1, characterized in that during the previous authorisation step, a second SVA receiving entity is selected, that the selected second SVA receiving entity is set up as a pre-authorised second SVA receiving entity with respect to the first SVA loaning entity and that the pre-authorised second SVA receiving entity is allocated to the first SVA loaning entity.

3. The method according to claim 1, characterized in that on the occurrence of the trigger event the money transfer from the first SVA loaning entity to the pre-authorised second SVA receiving entity is effected automatically, or that on the occurrence of the trigger event a confirmation request for confirming the execution of the money transfer is transmitted to the first SVA loaning entity.

4. The method according to claim 1, characterized in that an application module is assigned to the first SVA loaning entity, by use of said application module adjustments with regard to the money transfer are generated and/or second SVA receiving entities are pre-authorised, and/or that an application module is assigned to the second SVA receiving entity, by use of said application module adjustments with regard to the money transfer are generated.

5. The method according to claim 1, characterized in that the first SVA loaning entities and the pre-authorised second SVA receiving entities being assigned thereto, and optionally those adjustments with regard to the money transfer, are stored in a database which can be accessed via the network, in particular in a database being assigned to said network.

6. The method according to claim 1, characterized in that a data processing unit is assigned to said network and that the money transfer is triggered via said data processing unit.

7. The method according to claim 1, characterized in that the second SVA receiving entities, in particular by use of the data processing unit, are checked with regard to their balance conditions, and in particular that the second SVA receiving entities are checked whether the balance conditions have reached a defined threshold, or that it is checked whether the amount of money needed for a payment procedure is available on the second SVA receiving entity.

8. The method according to claim 7 characterized in that if the second SVA receiving entity does not comprise sufficient balance conditions, a money transfer from the first SVA loaning entity to the second SVA receiving entity is automatically effected, in particular on the basis of such adjustments with regard to the money transfer.

9. The method according to claim 7, characterized in that if the second SVA receiving entity does not comprise sufficient balance conditions a money transfer request is transmitted from the second SVA receiving entity to the first SVA loaning entity, in particular via said data processing unit.

10. The method according to claim 9, characterized in that a data processing unit is assigned to said network and that the money transfer is triggered via said data processing unit and further characterized in that if the second SVA receiving entity does not comprise sufficient balance conditions, the data processing unit accesses the database and that the money transfer request is matched with the contents of said database.

11. The method according to claim 1, characterized in that the money transfer is effected such that money is transferred from the first SVA loaning entity to the second SVA receiving entity, or that a money transfer is passed from the first SVA loaning entity through the second SVA receiving entity to a third parties account.

12. A system of performing a money transfer over a network or between accounts within a given monetary account system, in particular for performing a transfer of microloans, between SVA (Stored Value Account) entities, which are assigned to an SVA service, said system comprising a number of first SVA entities, which serve as loaning entities, and a number of second SVA entities, which serve as a receiving entities, said system further comprising a database which can be accessed via the network, said database comprising data with regard to SVA loaning entities, pre-authorised second SVA receiving entities being assigned thereto, and optionally adjustments with regard to the money transfer.

13. The system according to claim 12, characterized in that the system further comprises a data processing unit, said data processing unit being adapted for triggering the money transfer from a first SVA loaning entity to a second SVA receiving entity.

14. The system according to claim 12, characterized in that at least one application module is provided said application module being assigned to the first SVA loaning entity, by use of said application module adjustments with regard to the money transfer are generated and/or second SVA receiving entities are pre-authorised, and/or that at least one application module is provided said application module being assigned to the second SVA receiving entity, by use of said application module adjustments with regard to the money transfer are generated.

15. The system according to claim 13, characterized in that at least one application module is provided said application module being assigned to the first SVA loaning entity, by use of said application module adjustments with regard to the money transfer are generated and/or second SVA receiving entities are pre-authorised, and/or that at least one application module is provided said application module being assigned to the second SVA receiving entity, by use of said application module adjustments with regard to the money transfer are generated.

16. The system according to claim 12, characterized in that the system has means for carrying out a method of performing a money transfer over a network or between accounts within a given monetary account system, in particular for performing a transfer of microloans, between SVA (Stored Value Account) entities, which are assigned to an SVA service, in particular method of topping-up an SVA entity with money, wherein on the occurrence of a trigger event a money transfer is effected from a first SVA entity, which serves as a loaning entity, to a second SVA entity, which serves as a receiving entity, characterized in that on the occurrence of the trigger event the money transfer is effected from the first SVA loaning entity to such a second SVA receiving entity, that has been set up in a previous authorisation step as a pre-authorised second SVA receiving entity with respect to the first SVA loaning entity.