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Methods and systems for transferring funds

  • US 6,736,314 B2
  • Filed: 06/08/2001
  • Issued: 05/18/2004
  • Est. Priority Date: 06/09/2000
  • Status: Active Grant
First Claim
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1. A method of electronically transferring funds, the method comprising:

  • sending a transfer request that includes transfer information associated with personal information and including an amount to be transferred from an independent host system to a central processing center;

    sending a status response from the central processing center to the independent host system;

    receiving transfer information and personal identification from a receiver at a distribution center;

    comparing for confirmation purposes the transfer information sent from the independent host system and the transfer information received from the receiver;

    sending an authorization from the central processing center to the distribution center to distribute cash in accordance with the transfer request; and

    distributing funds from the distribution center to the receiver.

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