Money transfer systems and methods for travelers
First Claim
1. A method for transferring money from a first country to a second country having a different currency, the method comprising:
- receiving and storing at a host computer system money transfer information comprising recipient identification information, at least one second country where the money is to be received, and a payment amount in an originating currency;
wherein the stored payment amount is to be withdrawn in portions from the second county;
in response to receiving the second country at the host computer system. providing second country transfer information for use by a recipient in making withdrawals in the second country;
receiving at the host computer system a request transmitted from the second country to withdraw a portion of the stored payment amount in a local currency of the second country; and
storing a record at the host computer system of the amount of each portion withdrawn and an exchange rate used to convert the withdrawn amount to the local currency.
3 Assignments
0 Petitions
Accused Products
Abstract
One method involves payment of money to a recipient traveling to one or more foreign countries by entering into a remote computer money transfer information from a sender. The money transfer information comprises recipient identification information, at least one country where the money is to be received, and a payment amount in an originating currency. The money transfer information is transmitted to a host computer system. When ready to receive payment in the designated country, recipient identification information along with a request to withdraw a portion of a possible payment amount is entered into a payout computer. The recipient identification information and the request to withdraw is transmitted to a host computer system, and the requested withdrawal is provided to the recipient in the local currency.
105 Citations
20 Claims
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1. A method for transferring money from a first country to a second country having a different currency, the method comprising:
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receiving and storing at a host computer system money transfer information comprising recipient identification information, at least one second country where the money is to be received, and a payment amount in an originating currency; wherein the stored payment amount is to be withdrawn in portions from the second county; in response to receiving the second country at the host computer system. providing second country transfer information for use by a recipient in making withdrawals in the second country; receiving at the host computer system a request transmitted from the second country to withdraw a portion of the stored payment amount in a local currency of the second country; and storing a record at the host computer system of the amount of each portion withdrawn and an exchange rate used to convert the withdrawn amount to the local currency. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A method for transferring money from a first country to a second country having a different local currency, the method comprising:
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entering into a remote computer money transfer information from a sender wherein the money transfer information comprises recipient identification information, at least one second country where the money is to be received, and a payment amount in an originating currency, the payment amount for being withdrawn in portions at locations in the second country; transmitting from the remote computer to a host computer system the money transfer information; and providing a receipt to the sender that includes at least some of the money transfer information and payout information that may be used to identify potential payout locations in the identified second country for withdrawing portions of the payment amount in the local currency. - View Dependent Claims (14)
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15. A method for transferring money to a location having a different currency, the method comprising:
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entering into a remote computer money transfer information from a sender wherein the money transfer information comprises recipient identification information, at least one designated country where the money is to be received, and a payment amount in an originating currency, the payment amount for being withdrawn in portions in the designated country; transmitting the money transfer information to a host computer system; in response to transmitting the designated country as part of the money transfer information, providing withdrawal information at the remote computer useful to the recipient in making withdrawals in the designated country, the withdrawal information including locations in the designated country where withdrawals may be made; entering into a payout computer that is located in the designated country recipient identification information along with a request to withdraw a portion of the payment amount; transmitting the recipient identification information and the request to withdraw to a host computer system; and providing the requested withdrawal to the recipient in the local currency. - View Dependent Claims (16)
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17. A money transfer system for permitting a recipient to withdraw portions of a payment amount, comprising:
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a host computer system that is configured to receive and store money transfer information comprising recipient identification information, at least one foreign country where the money is to be received, and a payment amount in an originating currency; wherein the host computer is also configured to provide information pertaining to withdrawals in the foreign country in response to receipt of the foreign country information; and wherein the host computer system is further configured to receive a request to withdraw a portion of the payment amount in a local currency from the foreign country where the request was transmitted, to deduct the requested portion from the payment amount along with any fees, and to convert the requested portion to the local currency when withdrawn. - View Dependent Claims (18, 19, 20)
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Specification