Money-transfer techniques
First Claim
1. A method of transferring money from a customer to a beneficiary via a money-transfer system, said method comprising:
- said money-transfer system distributing money-transfer devices to a plurality of customers, each said of money-transfer devices equipped with a unique device code;
creating a device database at said money-transfer system, said device database comprising a set of device records;
loading each of said unique device codes into a different one of said device records;
loading customer data, identifying said customers, into different ones of said device records;
loading beneficiary data, identifying said beneficiaries, into different ones of said device records;
said money-transfer system initiating a transfer of a particular amount of money from a requesting customer to a particular beneficiary by collecting from said requesting customer one of said money-transfer devices and said particular amount of money, accessing said device code from said one of said money-transfer devices to locate a corresponding one of said device records, and retrieving the identities of said requesting customer and said particular beneficiary from said customer data and said beneficiary data; and
said money-transfer system giving said customer a unique pick-up code for use by said particular beneficiary to collect funds corresponding to said particular amount of money after giving said money-transfer system said pick-up code;
the step of distributing money-transfer devices comprising said money-transfer system distributing money-transfer devices containing a data-storage medium having said unique device code stored therein;
each of the transfer devices, as distributed to a corresponding one of said customers, has no device record or beneficiary information associated therewith;
the method further comprising electronically networking a transfer company with a number of selling agents and paying agents to form said money-transfer system, and wherein said initiating step includes said requesting customer giving one of said money-transfer devices and said particular amount of money to a first selling agent, and said first selling agent machine reading said unique device code from said money transfer device, and transmitting data specifying said unique device code and said particular amount of money to said transfer company.
2 Assignments
0 Petitions
Accused Products
Abstract
A technique for transferring money between a customer and a beneficiary comprises a money-transfer company, and a plurality of selling agents and paying agents. The money-transfer company maintains a server, a database, and a communications interface for communicating, via a telephone network and/or the Internet, with data terminals located at the selling and paying agents'"'"' sites. Customer transaction cards are distributed to customers. These cards have a visible card number and a corresponding alphanumeric card code stored in, e.g., a magnetic strip. In response to a customer'"'"'s request, the money-transfer company activates the customer'"'"'s transaction card by loading customer and beneficiary information into a corresponding transaction card record stored in the database. A selling agent initiates a money-transfer request from a data terminal. Specifically, the selling agent enters a monetary amount and swipes the customer'"'"'s card in a magnetic strip reader located on the data terminal. Upon receiving the money amount and the customer'"'"'s card code, the company creates a corresponding and unique transaction record associating the customer, his (her) card and the beneficiary, in the database and returns a fund pick-up (“folio”) number to the customer. The customer discloses the folio number to the beneficiary, who, with this number and appropriate personal identification, collects the transferred money from a paying agent. The customer can use the same transaction card to make subsequent money transfers, in any amount, to the same beneficiary.
101 Citations
14 Claims
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1. A method of transferring money from a customer to a beneficiary via a money-transfer system, said method comprising:
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said money-transfer system distributing money-transfer devices to a plurality of customers, each said of money-transfer devices equipped with a unique device code; creating a device database at said money-transfer system, said device database comprising a set of device records; loading each of said unique device codes into a different one of said device records; loading customer data, identifying said customers, into different ones of said device records; loading beneficiary data, identifying said beneficiaries, into different ones of said device records; said money-transfer system initiating a transfer of a particular amount of money from a requesting customer to a particular beneficiary by collecting from said requesting customer one of said money-transfer devices and said particular amount of money, accessing said device code from said one of said money-transfer devices to locate a corresponding one of said device records, and retrieving the identities of said requesting customer and said particular beneficiary from said customer data and said beneficiary data; and said money-transfer system giving said customer a unique pick-up code for use by said particular beneficiary to collect funds corresponding to said particular amount of money after giving said money-transfer system said pick-up code; the step of distributing money-transfer devices comprising said money-transfer system distributing money-transfer devices containing a data-storage medium having said unique device code stored therein; each of the transfer devices, as distributed to a corresponding one of said customers, has no device record or beneficiary information associated therewith; the method further comprising electronically networking a transfer company with a number of selling agents and paying agents to form said money-transfer system, and wherein said initiating step includes said requesting customer giving one of said money-transfer devices and said particular amount of money to a first selling agent, and said first selling agent machine reading said unique device code from said money transfer device, and transmitting data specifying said unique device code and said particular amount of money to said transfer company. - View Dependent Claims (2, 3)
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4. A method of transferring money from a customer to a beneficiary via a money-transfer system, said method comprising:
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said money-transfer system distributing money-transfer devices to a plurality of customers, each said of money-transfer devices equipped with a unique device code; creating a device database at said money-transfer system, said device database comprising a set of device records; loading each of said unique device codes into a different one of said device records; loading customer data, identifying said customers, into different ones of said device records; loading beneficiary data, identifying said beneficiaries, into different ones of said device records; said money-transfer system initiating a transfer of a particular amount of money from a requesting customer to a particular beneficiary by collecting from said requesting customer one of said money-transfer devices and said particular amount of money, accessing said device code from said one of said money-transfer devices to locate a corresponding one of said device records, and retrieving the identities of said requesting customer and said particular beneficiary from said customer data and said beneficiary data; and said money-transfer system giving said customer a unique pick-up code for use by said particular beneficiary to collect funds corresponding to said particular amount of money after giving said money-transfer system said pick-up code; the step of distributing money-transfer devices comprising said money-transfer system distributing money-transfer devices containing a data-storage medium having said unique device code stored therein; each of the transfer devices, as distributed to a corresponding one of said customers, has no device record or beneficiary information associated therewith; the method further comprising the steps of storing the unique device code in the data-storage medium in machine-readable form; and
electronically networking a transfer company with a number of selling agents and paying agents to form said money-transfer system, and wherein said initiating step includes said requesting customer giving one of said money-transfer devices and said particular amount of money to a first selling agent, and said first selling agent machine reading said unique device code from said magnetic strip, and transmitting data specifying said unique device code and said particular amount of money to said transfer company. - View Dependent Claims (5, 6)
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7. A document-transfer system, for transferring documents between parties and transferees, comprising:
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a plurality of transfer devices each equipped with a unique device code; a document-transfer company having data-processor means for creating a device database comprising a set of device records, each of said device records containing a different one of said unique device codes, party data identifying one of said parties, and transferee data identifying one of said transferees; a plurality of transfer agents each comprising transfer means for initiating a transfer of a particular document from a requesting party to a particular transferee by accessing one of said device codes from a transfer device previously distributed to said requesting party to locate a corresponding one of said device records from said data-processor means to obtain the identities of said requesting party and said particular transferee; and code-pick-up means, responsive to said transfer means, for providing said requesting party with a pick-up code for use by said transferee when collecting said document; said transfer devices each comprise a data-storage medium having said unique device code therein; said data terminal means comprising document-pick-up means for accessing transaction data located in said data-processor means in response to said transferee providing a corresponding one of said transfer agents with said pick-up code. - View Dependent Claims (8)
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9. A money-transfer system, for transferring money from a customer to a beneficiary, comprising:
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a plurality of transfer devices each equipped with a unique device code; a money-transfer company having data-processor means for creating a device database comprising a set of device records, each of said device records containing a different one of said unique device codes, customer data identifying one of said customers, and beneficiary data identifying one of said beneficiaries; and a plurality of selling agents electronically networked with said money-transfer company, each of said selling agents comprising transfer means for initiating a transfer of currency from a requesting customer to a particular beneficiary by collecting said currency and accessing a first device code from a first transfer device previously distributed to said requesting customer, and for providing said requesting customer with fund-pick-up code for use by said transferee when collecting funds corresponding to said currency. - View Dependent Claims (10, 11, 12, 13, 14)
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Specification