Method and Apparatus for Money Transfer to an Account
First Claim
Patent Images
1. A method comprising:
- receiving, by a processor, a request to initiate a money transfer transaction between a sending party and a receiving party, wherein the request includes information identifying an account associated with the receiving party;
initiating, by the processor, validation of the account associated with the receiving party; and
in response to a determination that the account associated with the receiving party is not valid, receiving a request to create a new account associated with the receiving party.
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Accused Products
Abstract
A method includes receiving, by a processor, a request to initiate a money transfer transaction between a sending party and a receiving party. The request may include information identifying an account associated with the receiving party. The method includes initiating, by the processor, validation of the account associated with the receiving party. The method includes initiating, by the processor, the money transfer transaction between the sending party and the receiving party in response to a determination that the account associated with the receiving party is valid. Initiation of the money transfer transaction causes funds to be deposited into the account associated with the receiving party.
37 Citations
39 Claims
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1. A method comprising:
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receiving, by a processor, a request to initiate a money transfer transaction between a sending party and a receiving party, wherein the request includes information identifying an account associated with the receiving party; initiating, by the processor, validation of the account associated with the receiving party; and in response to a determination that the account associated with the receiving party is not valid, receiving a request to create a new account associated with the receiving party. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A system comprising:
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a processor; and a memory coupled to the processor, the memory storing instructions that, when executed by the processor, cause the processor to perform operations including; receiving a request to initiate a money transfer transaction between a sending party and a receiving party, wherein the request includes information identifying an account associated with the receiving party; initiating validation of the account associated with the receiving party; and in response to a determination that the account associated with the receiving party is not valid, receiving a request to create a new account associated with the receiving party. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17)
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18. A computer-readable storage device storing instructions that, when executed by a processor, cause the processor to perform operations including:
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receiving a request to initiate a money transfer transaction between a sending party and a receiving party, wherein the request includes information identifying an account associated with the receiving party; initiating validation of the account associated with the receiving party; and receiving a request to create a new account associated with the receiving party in response to a determination that the account associated with the receiving party is not valid. - View Dependent Claims (19, 20, 21, 22, 23, 24, 25)
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26. A computer-readable storage device storing instructions that, when executed by a processor, cause the processor to perform operations including:
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presenting, at a display device, a user interface, wherein the user interface includes a selectable option to initiate a money transfer transaction between a sending party and a receiving party; receiving an input corresponding to a request to initiate a first money transfer transaction between a first sending party and a first receiving party, wherein the request includes information identifying an account associated with the first receiving party; initiating validation of the account associated with the first receiving party; and receiving a request to create a new account associated with the first receiving party in response to a determination, based on the validation, that the account associated with the first receiving party is not valid. - View Dependent Claims (27, 28, 29, 30, 31, 32, 33, 34)
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35. A computer-readable storage device storing instructions that, when executed by a processor, cause the processor to perform operations comprising:
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receiving, from a money transfer entity, an account validation request, wherein the account validation request is received in connection with a money transfer transaction between a sending party and a receiving party, and wherein the account validation request includes candidate account information associated with an account associated with the receiving party; validating the candidate account information based on whether the account associated with the receiving party exists; transmitting, to the money transfer entity, validation information, wherein the validation information includes an indication of whether the account associated with the receiving party is valid; and subsequent to transmission of validation information indicating that the account with the receiving party does not exist, receiving a request to create a new account based on the candidate account information. - View Dependent Claims (36, 37, 38, 39)
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Specification