In-lane money transfer systems and methods
First Claim
1. A method of processing money transfers, the method comprising:
- receiving, by a host computer system from a vendor location, a request for a transfer pair verification;
verifying, by the host computer system, the transfer pair is associated with a valid transfer pair record;
sending, by the host computer system, the transfer pair verification to the vendor location;
receiving, by the host computer system, a money transfer request associated with the transfer pair from the vendor location, wherein the money transfer request comprises a money transfer amount;
authorizing, by the host computer system, a money transfer to at least one of a first and second customers associated with the transfer pair;
sending, by the host computer system, a money transfer fee amount to be collected from at least the first customer, wherein the money transfer fee amount is based on a money transfer fee schedule; and
wherein the money transfer fee comprises a vendor fee and a host system fee.
3 Assignments
0 Petitions
Accused Products
Abstract
The present invention provides systems and methods to initiate, facilitate, process and/or perform money transfers. One such method includes receiving a request for a transfer pair verification from a vendor location (360), and verifying that the transfer pair is associated with a valid transfer pair record (362). The method includes sending the transfer pair verification to the vendor location (368), receiving a money transfer request (370) associated with the transfer pair from the vendor location, and authorizing a money transfer (372) to at least one of a first and second customers associated with the transfer pair. In this manner, a vendor location, which may include a point-of-sale device and may be a retail outlet (e.g., grocery store, gas station, or the like), can be used to facilitate a money transfer between two customers.
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Citations
39 Claims
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1. A method of processing money transfers, the method comprising:
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receiving, by a host computer system from a vendor location, a request for a transfer pair verification; verifying, by the host computer system, the transfer pair is associated with a valid transfer pair record; sending, by the host computer system, the transfer pair verification to the vendor location; receiving, by the host computer system, a money transfer request associated with the transfer pair from the vendor location, wherein the money transfer request comprises a money transfer amount; authorizing, by the host computer system, a money transfer to at least one of a first and second customers associated with the transfer pair; sending, by the host computer system, a money transfer fee amount to be collected from at least the first customer, wherein the money transfer fee amount is based on a money transfer fee schedule; and wherein the money transfer fee comprises a vendor fee and a host system fee. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A method of facilitating money transfers by a customer at a vendor, the method comprising:
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receiving, by a host computer system, a money transfer request from a first customer, wherein the money transfer request comprises a money transfer amount; receiving, by the host computer system, a transfer pair code from the first customer; sending, by the host computer system, a request for a transfer pair verification to a host computer; receiving, by the host computer system, the transfer pair verification from the host computer; receiving, by the host computer system, a payment from the first customer for transfer to a second customer associated with the transfer pair code, wherein the payment comprises a money transfer fee that is determined according to a money transfer fee schedule; and sending, by the host computer system, a record of the money transfer request and the payment to the host computer. - View Dependent Claims (15, 16, 17, 18, 19)
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20. A system for processing money transfers, comprising:
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a host computer comprising a processor coupled to a database and a memory; wherein the memory is configured to store sets of instructions which, when executed by the processor, cause the processor to; receive a request to verify a transfer pair from a point-of-sale device; verify the transfer pair is associated with a valid transfer pair record; send a transfer pair verification to the point-of-sale device; receive a money transfer request associated with the transfer pair from the point-of-sale device, wherein the money transfer request comprises a money transfer amount; authorize a money transfer to at least one of a first customer and a second customer associated with the transfer pair; and send a money transfer fee amount to the point-of-sale device, wherein the money transfer fee amount is determined according to a money transfer fee schedule. - View Dependent Claims (21, 22, 23, 24, 25)
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26. A system for processing money transfers, comprising:
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a host computer comprising a processor coupled to a database; a point-of-sale (POS) device integrated in a merchant computer network, wherein the POS device is coupled to the host computer and the POS device is configured to receive a request to verify a transfer pair and transmit the request to the host computer; and wherein the host computer is configured to verify the transfer pair is associated with a valid transfer pair record and send a transfer pair verification to the POS device; wherein the POS device is further configured to send a money transfer request associated with the transfer pair to the host computer, wherein the money transfer request comprises a money transfer amount; and wherein the host computer is further configured to authorize a money transfer to at least one of a first customer and a second customer associated with the transfer pair. - View Dependent Claims (27, 28, 29, 30, 31, 32, 33, 34)
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35. A method of processing money transfers, the method comprising:
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receiving, by a host computer system, from a sender, a request for a transfer pair verification, wherein the request includes a request to establish a recurring money transfer associated with the transfer pair, wherein the request to establish a recurring money transfer includes a recurrence schedule; verifying, by the host computer system, the transfer pair is associated with a valid transfer pair record; establishing, by the host computer system, a recurring money transfer for the transfer pair based on the recurrence schedule; sending, by the host computer system, the transfer pair verification to the vendor location; and authorizing, by the host computer system, money transfers to a recipient associated with the transfer pair based on the recurrence schedule. - View Dependent Claims (36, 37, 38, 39)
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Specification