Methods and systems for transferring funds
First Claim
Patent Images
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 at the central processing center distribution confirmation from a distribution center; and
updating information maintained at the central processing center based upon said receipt confirmation;
wherein the transfer request sending step includes transferring cash from a sender to the independent host system in conjunction with a purchase of unrelated goods and/or services.
2 Assignments
0 Petitions
Accused Products
Abstract
Methods and systems for transferring funds are disclosed that utilize a transfer card issued to a sender that enables the sender to transfer funds at independent host locations. The transfer card may be encoded with information about the sender and the intended receiver so that transfer forms are not required for each transaction. The receiver obtains the funds via a distribution center, wherein the personal identity of the receiver is verified before the funds are distributed.
-
Citations
48 Claims
-
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 at the central processing center distribution confirmation from a distribution center; and updating information maintained at the central processing center based upon said receipt confirmation; wherein the transfer request sending step includes transferring cash from a sender to the independent host system in conjunction with a purchase of unrelated goods and/or services. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
-
-
15. A method of electronically transferring funds by way of an independent host system, the method comprising:
-
sending a transfer request from a sender to the independent host system via a source that personally identifies the sender, the transfer request comprising transfer information that at least indicates a monetary amount to be received by a receiver; sending the transfer request from the independent host system to a central processing center; sending a status response from the central processing center to the independent host system that at least indicates that funds may be transferred by the sender to the receiver; sending from the central processing center to a distribution center personal information of the receiver and transfer information corresponding with the transfer information sent from the sender; and receiving confirmation at the central processing center that the transfer information and personal identity of the receiver were verified at the distribution center; wherein sending of the transfer request is in conjunction with a purchase of unrelated goods and/or services. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22, 23, 24, 25)
-
-
26. An electronic funds transfer system for transferring funds from a sender to a receiver by utilizing an independent host system, the electronic funds transfer system comprising:
-
a transfer card that identifies the sender and is capable of being read electronically and/or manually by the independent host system in conjunction with a purchase of unrelated goods and/or services, said transfer card associated with personal information at least about the sender; and a central processing center operably connected to the independent host system and a distribution center such that transfer information from the sender can be transferred to the central processing center via the independent host system; wherein said central processing center is designed to receive information from a distribution center including confirmation of a transfer of funds to a receiver. - View Dependent Claims (27, 28, 29, 30, 31)
-
-
32. A method of utilizing an existing third party point-of-sale device for transferring funds, the method comprising:
-
receiving transfer information that includes personal information at least about a sender, the transfer information being associated with a transfer card readable by the existing third party point-of-sale device; transferring cash from the sender to the third party; receiving at a central processing center the transfer information that further includes a transaction code; receiving confirmation from a distribution center that personal identification and the transaction code from a receiver have been verified; and updating information at the central processing center based upon such confirmation wherein receiving transfer information is in conjunction with a purchase of unrelated goods and/or services. - View Dependent Claims (33, 34, 35, 36, 37, 38, 39, 40, 41)
-
-
42. 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 by a sender from an independent host system to a central processing center, wherein the transfer information identifies the sender and a receiver; sending a status response from the central processing center to the independent host system; calculating a currency exchange associated with the amount to be transferred; receiving transfer information and personal identification from the 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; wherein the transfer request is sent in conjunction with a purchase of unrelated goods and/or services.
-
-
43. A method of electronically transferring funds from a sender to a receiver by way of an independent host system, the method comprising:
-
sending a transfer request from the sender to the independent host system via a source that personally identifies the sender, the transfer request comprising transfer information that at least indicates a monetary amount to be received by the receiver, wherein the transfer request is sent in conjunction with a purchase of unrelated goods and/or services; sending a status response from a central processing center to the independent host system that at least indicates that funds may be transferred by the sender to the receiver; calculating a currency exchange associated with the amount to be transferred; receiving at a distribution center personal information of the receiver and transfer information corresponding with the transfer information sent from the sender; confirming the transfer information and personal identity of the receiver; sending an authorization indicating that the monetary amount can be received by the receiver; and distributing funds from the distribution center to the receiver.
-
-
44. An electronic funds transfer system for transferring funds from a sender to a receiver by utilizing an independent host system, the electronic funds transfer system comprising:
-
a transfer card unique to the sender for being read electronically and/or manually by the independent host system, said transfer card associated with personal information about the sender, wherein said transfer card is being read electronically and/or manually in conjunction with a purchase of unrelated goods and/or services; a central processing center operably connected to the independent host system such that transfer information from the sender can be transferred to the central processing center via the independent host system; and a distribution center operably connected to the central processing center, said distribution center operable to receive transfer information from the central processing center and to receive personal identification and transfer information from the receiver in order to effect the transfer of funds.
-
-
45. A method of utilizing an existing third party point-of-sale device for transferring funds between a sender and a receiver, the method comprising:
-
receiving transfer information that includes personal information at least about the sender and the receiver, the transfer information being associated with a transfer card readable by the existing third party point-of-sale device; transferring cash from the sender to the third party; sending transfer information from the third party to a central processing center that includes a transaction code; calculating a currency exchange associated with the transferred cash; receiving personal identification and the transaction code from the receiver by personnel of a distribution center; and distributing funds associated with the currency exchange from the distribution center to the receiver; wherein the transfer information is generated in conjunction with a purchase of unrelated goods and/or services.
-
-
46. 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; wherein the transfer request sending step includes transferring cash from a sender to the independent host system in conjunction with a purchase of unrelated goods and/or services.
-
-
47. A method of utilizing an existing third party point-of-sale device for transferring funds, the method comprising:
-
receiving transfer information that includes personal information at least about a sender, the transfer information being associated with a transfer card readable by the existing third party point-of-sale device; transferring cash from the sender to the third party; receiving at a central processing center the transfer information that further includes a transaction code; receiving confirmation from a distribution center that personal identification and the transaction code from a receiver have been verified; and updating information at the central processing center based upon such confirmation; wherein the transfer information receiving step includes scanning a bar code on the transfer card by the third party point-of-sale device and wherein the bar code is scanned in conjunction with a purchase of unrelated goods and/or services.
-
-
48. A method of utilizing an existing third party point-of-sale device for transferring funds, the method comprising:
-
receiving transfer information that includes personal information at least about a sender, the transfer information being associated with a transfer card readable by the existing third party point-of-sale device; transferring cash from the sender to the third party; receiving at a central processing center the transfer information that further includes a transaction code; receiving confirmation from a distribution center that personal identification and the transaction code from a receiver have been verified; and updating information at the central processing center based upon such confirmation; wherein the transfer information receiving step includes swiping a magnetic stripe through a magnetic stripe reader of the third party point-of-sale device and wherein the magnetic stripe is swiped in conjunction with a purchase of unrelated goods and/or services.
-
Specification