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Method and system for performing money transfer transactions

DC
  • US 6,488,203 B1
  • Filed: 10/26/1999
  • Issued: 12/03/2002
  • Est. Priority Date: 10/26/1999
  • Status: Expired due to Term
First Claim
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1. A method of performing a money transfer send transaction, the method comprising:

  • providing a sender direct access to an employee of a financial services institution in order to receive transaction details from the sender;

    storing, on a data base, the transaction details provided by the sender, wherein the transaction details include a desired amount of money to be sent by the sender to a recipient;

    establishing a code that corresponds to the transaction details stored on the data base, wherein the code is established for use by the sender during the send transaction;

    storing the code on the data base such that the code is useable to identify the send transaction on the data base;

    entering the code into an electronic transaction fulfillment device in communication with the data base to retrieve the transaction details from the data base after the step of storing the code on the data base; and

    determining a collect amount, to be collected from the sender, based on the transaction details;

    wherein the code is not provided by or to the recipient for use by the recipient during the send transaction.

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