Integrated technology money transfer system

• US 8,321,347 B2
• Filed: 02/14/2012
• Issued: 11/27/2012
• Est. Priority Date: 09/26/2000
• Status: Expired due to Fees

• Current Assignee: Integrated Technological Systems, Inc.
• Original Assignee: Integrated Technological Systems, Inc.
• Inventors: Battaglini, Michael D., Starkey, Gil, Battaglini, Stephen D.
• Primary Examiner(s): Dixon, Thomas
• Assistant Examiner(s): Fields, Benjamin S
• Application Number:
  US13/396,064
• Publication Number:
  US 20120209767A1
• Time in Patent Office: 287 Days
• Field of Search: 705/43, 705/38
• US Class Current: 705/43
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/1085 involving automatic teller machines [ATMs]
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G07F 19/20 Automatic teller machines [ATMs]
• CPC Class Codes: G07F 19/203 Dispensing operations within ATMs dispensing in general G07D11/00
• CPC Class Codes: H04M 3/51 Centralised call answering arrangements requiring operator intervention , e.g. call or contact centers for telemarketing

Abstract

Money transfer system authorizing an escrow agent computer electronically by touch-tone telephone, computer modem, P.O.S. (point of sale) terminal, live operators, to send cash transfers from a sender'"'"'s account such as their credit, debit, bank, or ATM card, or a bank account, to a recipient who accesses the money at any remote ATM type location or P.O.S. (point of sale) terminal by using cards such as a specialized magnetic cards, credit cards, debit cards, and automated teller machine (ATM) card, at anytime and anywhere. Senders can authorize the transfer by touch-tone and PIN (personal identification number) secure codes. The system can operate without pre-existing relationships, and monitor transactions and take surcharges based on transfer amounts, and use a cards tethered to ATM machines and be used with double magnetic sided cards.

Claims

1. A consumer accessible and operable computer machine automated funds transfer system configured to provide an I.V.R. (Interactive Voice Response) series of automated sequential communications and automated processes for transferring funds from a human person'"'"'s sending debit account to a human person'"'"'s receiving debit account, the system comprising:

a consumer accessible and consumer operable automated fund transfer computer machine I.V.R. system;

wherein the computer machine system'"'"'s processes are configured to being accessible to and operable by a consumer sender'"'"'s phone;

wherein the computer machine'"'"'s system performs an automated series of sequential communications and processes to implement an automated consumer to consumer debit account to debit account funds transfer;

wherein the computer system conveys automated prompts to senders that have accessed the system'"'"'s computer and are remotely operating the funds transfer system; and

, wherein the prompts solicit responses for a sender to provide a sending debit account'"'"'s identification information data and the amount of funds to be transferred data and a receiving debit account'"'"'s identification information data; and

, wherein the computer system receives responses from the sender which provide a sending debit account'"'"'s identification information data and the amount of funds to be transferred data and a receiving debit account'"'"'s identification information data; and

, wherein the computer system utilizes an adaptor to transform the data received into a different data language for processing the data; and

, wherein the computer system processes and conveys data; and

, wherein the computer system'"'"'s data processing, communication sequences and account links withdraw funds from an account for a sending debit account and transfer funds to an account for a receiving debit account; and

, wherein the computer system'"'"'s sequences transfer funds to a receiving debit account without the necessity of a pre-existing account link connecting the account for the particular sending debit account and the account for the particular receiving debit account prior to the sender'"'"'s accessing and operating the computer system'"'"'s processes; and

, wherein the computer system simultaneously receives and processes multiple communications and virtually simultaneously transfers funds from multiple accounts for different sending debit accounts to multiple accounts for different receiving debit accounts.

2. The system of claim 1, wherein the sender'"'"'s phone is a touch-tone phone.

3. The system of claim 1, wherein the sending and receiving debit accounts are debit card accounts.

4. The system of claim 1, wherein the computer system receives a sending debit account'"'"'s PIN (Personal Identification Number).

5. The system of claim 1, wherein the computer system'"'"'s automated sequential processing of the data received transfers funds from an account for a sending debit account to an account for a receiving debit account without a pre-existing account link connecting the particular sending debit account and the receiving debit account having been created prior to a sender accessing and operating the system to make a funds transfer as required in transfers between pre-connected and pre-linked parent/child and other similar joint type accounts.

6. The system of claim 1, wherein the computer system processes and transfers funds from and to debit accounts by withdrawing funds from an account for a sending debit account by electronically processing the withdrawal of funds from an account for a sending account as a consumer sender'"'"'s remote electronic withdrawal from a virtual ATM (Automated Teller Machine) to withdraw funds from an account for a sending debit account and to electronically convey funds to an account for a receiving debit account to perform a virtually simultaneous low expense funds transfer.

7. The system of claim 1, wherein the receiving debit account provides for funds to be accessible upon appropriate transmission of the receiving debit account information.

8. The system of claim 1, wherein the account for the receiving debit account provides for funds to be accessible from an electronic retrieval site.

9. The system of claim 8, wherein the electronic retrieval site accessible with the account for the receiving debit account includes an ATM (Automated Teller Machine).

10. The system of claim 8, wherein the electronic retrieval site accessible with the account for the receiving debit account includes a POS (Point Of Sale) terminal.

11. The system of claim 8, wherein the electronic retrieval site is accessible with a magnetic stripe card.

12. The system of claim 1, wherein the funds are transferred to a debit account which provides for the funds to be accessible in other than the currency of origin of the transfer.

13. The system of claim 1, wherein the computer system stores data selected from the group consisting of application specific data, application statistics and customer data.

14. The system of claim 1, wherein the computer system for transferring funds is not a payment step in a multi-step product purchase process business relationship with the recipient.

15. The system of claim 1, wherein funds are transferred by the computer system'"'"'s sequential processes and communications pursuant to a consumer sender'"'"'s communication'"'"'s responses to the computer system'"'"'s prompts.

16. A consumer accessible and operable computer machine automated funds transfer method configured to provide an I.V.R. (Interactive Voice Response) series of sequential communications and automated processes for transferring funds from a human person'"'"'s sending debit account to a human person'"'"'s receiving debit account comprising the steps of:

providing a consumer accessible and consumer operable automated funds transfer computer configured to provide an I.V.R. to perform a series of sequential communications;

processing and communicating data to perform an automated consumer to consumer debit account to debit account funds transfer;

accessing and operating the computer by a consumer sender'"'"'s phone;

conveying automated prompts to senders that have accessed the computer and are operating the funds transfer;

prompting a sender to provide a sending debit account'"'"'s identification information data and an amount of funds to be transferred data and a receiving debit account'"'"'s identification information data;

receiving responses from the sender which provide the sending debit account'"'"'s identification information data and the amount of funds to be transferred data and the receiving debit account'"'"'s identification information data;

utilizing an adaptor to transform data into a data language for processing and conveying data;

processing and conveying the data in an automated sequence of processes and communications;

prompting, receiving, processing and conveying information data to and from the sender and the sending and receiving debit accounts to debit and withdraw funds from the account for the sending debit account and to transfer funds to the account for the receiving debit account;

transferring funds without the necessity of a pre-existing account link having been created connecting the account for the particular sending debit account and the account for the particular receiving debit account prior to a sender accessing and operating the computer as required in a pre-connected and pre-linked parent/child and other joint type accounts; and

,

receiving and processing multiple simultaneous sender communications to virtually simultaneously transfer funds from multiple accounts for different sending debit accounts to multiple accounts for different receiving debit accounts.

17. The method of claim 16, further including the step of:

communicating with the I.V.R. by a sender'"'"'s touch-tone phone.

18. The method of claim 16, further including the step of:

receiving debit account identification information for debit card accounts.

19. The method of claim 16, further comprising the step of:

receiving a PIN (Personal Identification Number) associated with an account for a sending debit account.

20. The method of claim 16, further comprising the step of:

processing the data received and transferring funds from an account for a sending debit account to an account for a receiving debit account without a pre-existing account link connecting the particular sending debit card account and the particular receiving debit card account having been created prior to a sender accessing and operating the computer to make a funds transfer as required in transfers between pre-connected and pre-linked parent/child and other joint type accounts.

21. The method of claim 16, further comprising the step of:

processing and communicating data to transfer funds from and to debit accounts by withdrawing funds from an account for a sending debit account by electronically processing the withdrawal of funds from an account for a sending debit account as a consumer sender'"'"'s remote electronic withdrawal from a virtual ATM (Automated Teller Machine) to withdraw funds from an account for a sending debit account and to electronically convey funds to an account for a receiving debit account to perform a virtually simultaneous low expense funds transfer.

22. The method of claim 16, further comprising the step of:

transferring funds from the account for the sending debit account to an account for a receiving debit account which provides for accessing funds from an electronic retrieval site upon proper transmission of the receiving debit account identification information.

23. The method of claim 21, further comprising the step of:

transferring funds to an account for a receiving debit account which provides for accessing funds with a magnetic stripe card.

24. The method of claim 16, further comprising the step of:

transferring funds to an account for a receiving debit account which provides for the funds to be accessible in other than the currency of origin of the transfer.

25. The method of claim 16, further comprising the step of:

receiving and processing multiple simultaneous fund transfer communications from different senders causing multiple virtually simultaneous fund transfers from accounts for different sending debit accounts to accounts for different receiving debit accounts.

26. The method of claim 16, further comprising the step of:

transferring funds to a debit card account.

27. The method of claim 16, further comprising the step of:

receiving communications from a sender'"'"'s touch-tone phone.

28. The method of claim 16, further comprising the step of:

storing data selected from the group consisting of application specific data, application statistics and customer data.

29. The method of claim 16, further comprising the step of:

transferring funds which are not a payment step in a multi-step product purchase process business transaction relationship with the recipient.

30. The method of claim 16, further comprising the step of:

transferring funds by the computer'"'"'s sequential processes and communications pursuant to a consumer sender'"'"'s one communication'"'"'s responses to the computer method'"'"'s prompts.

31. A consumer accessible and operable computer automated I.V.R. (Interactive Voice Response) funds transfer system configured to provide an automated series of sequential communications and automated processes for transferring funds from a human person'"'"'s sending debit account to a human person'"'"'s receiving debit account comprising:

a consumer accessible and consumer operable computer funds transfer system;

wherein the computer transfer system provides an automated I.V.R. accessible to and operable by a consumer sender'"'"'s phone;

wherein the computer transfer system communicates automated prompts soliciting information responses from a consumer sender that has accessed and is operating the computer transfer system; and

, wherein the prompts solicit responses from the sender to provide a sending debit account'"'"'s identification information data and the amount of funds to be transferred data and a receiving debit account'"'"'s identification information data; and

, wherein the computer transfer system receives responses which provide the sending debit account'"'"'s identification information data and the amount of funds to be transferred data and a receiving debit account'"'"'s identification information data; and

, wherein the computer transfer system processes and conveys the data received with an automated sequence of processes and communications; and

, wherein the computer transfer system utilizes an adaptor to transform the data received into a data language for processing; and

, wherein the computer transfer system processes and communicates data to transfer funds from and to debit accounts by withdrawing funds from an account for a sending debit account by processing the withdrawal as a consumer sender'"'"'s remote electronic withdrawal from a virtual ATM (Automated Teller Machine) to withdraw funds from the account for the sending debit account and to electronically convey funds to an account for a receiving debit account virtually simultaneously; and

, wherein funds are credited to a receiving debit account without the necessity of a pre-existing account link having been created connecting the particular sending debit account and the particular receiving debit account prior to a sender accessing and operating the computer transfer system to make a funds transfer as required in transfers between pre-connected and pre-linked parent/child and other similar joint accounts; and

, wherein the computer transfer system'"'"'s automated sequential conveying of prompts and the receiving, processing and conveying of data to and from the sender and the sending and receiving debit accounts withdrawing funds from the account for the sending debit account and crediting the funds to an account for a receiving debit account pursuant to a consumer sender'"'"'s one communication'"'"'s responses to the computer system'"'"'s prompts; and

, wherein the computer transfer system simultaneously receives and processes multiple communications; and

wherein the computer transfer system'"'"'s prompts and data receiving, data processing and data conveying sequences are simultaneously repeated and virtually simultaneously transfer funds from multiple different sending debit accounts to multiple different receiving debit accounts.

32. The computer transfer system of claim 31, wherein the debit accounts are debit card accounts.

33. The computer transfer system of claim 31, wherein the sender'"'"'s phone is a touch-tone phone.

34. The computer transfer system of claim 31, wherein the funds transfer is not a payment step in a multi-step product purchase process business transaction relationship with the recipient.

35. The computer transfer system of claim 31, wherein funds are transferred by the computer transfer system'"'"'s sequential processes and communications pursuant to a consumer sender'"'"'s one communications responses to the computer systems prompts.

36. A consumer accessible and consumer operable computer machine automated I.V.R. (Interactive Voice Response) funds transfer method configured to provide an automated series of sequential communications and automated processes for transferring funds from a human person'"'"'s sending debit account to a human person'"'"'s receiving debit account comprising the steps of:

providing a computer machine and I.V.R. method that a consumer is able to access and operate to transfer funds from a debit account to a different debit account;

providing for accessing and operating the automated computer method by a consumer sender'"'"'s phone;

communicating automated prompts to a consumer sender that has accessed and is operating the transfer method to provide a sending debit account'"'"'s identification information data and the amount of funds to be transferred data and a receiving debit account'"'"'s identification information data;

receiving responses from the sender providing the sending debit account information data and the amount of funds to be transferred data and the receiving debit account identification information data;

processing and conveying data received with a series of automated sequential processes and communications to and from the sending debit account and the receiving debit account utilizing an adaptor to transform the data received into a different data language for processing;

processing and communicating data to transfer funds from and to debit accounts by processing the withdrawal of funds from an account for a sending debit account as a consumer sender'"'"'s remote electronic withdrawal from a virtual ATM (Automated Teller Machine) to withdraw funds from the account for the sending debit account and to electronically convey funds to an account for a receiving debit account;

transferring funds without the necessity of a pre-existing account link having been created connecting the particular sending debit account and the particular receiving debit account prior to a sender accessing and operating the transfer method to make a funds transfer as required in transfers between pre-connected and pre-linked parent/child and other similar joint type accounts; and

,

repeating simultaneously the transfer method'"'"'s accessibility, conveying of prompts and data receiving, processing and conveying sequences to perform virtually simultaneous transfers of funds from different sending debit accounts to different receiving debit accounts.

37. The method of claim 36, further comprising the step of:

transferring funds to debit card accounts.

38. The method of claim 36, further comprising the step of:

transferring funds which are not a payment step in a multi-step product purchase process business relationship with the recipient.

39. The method of claim 36, further comprising the step of:

receiving communications from a sender'"'"'s touch-tone phone.

40. A consumer accessible and consumer operable computer machine automated funds transfer method configured to provide an automated series of sequential communications and automated processes for transferring funds from a human person'"'"'s sending debit account to a human person'"'"'s receiving debit account comprising the steps of:

providing a computer machine method that a consumer is able to access and operate to transfer funds from a debit account to a different debit account;

providing for accessing and operating the automated computer method by a consumer sender'"'"'s computer;

communicating automated prompts to a consumer sender that has accessed and is operating the transfer method to provide a sending debit account'"'"'s identification information data and the amount of funds to be transferred data and a receiving debit account'"'"'s identification information data;

receiving responses from the sender providing the sending debit account information data and the amount of funds to be transferred data and the receiving debit account identification information data;

processing and conveying data received with a series of automated sequential processes and communications to and from the sending debit account and the receiving debit account;

processing and communicating data to transfer funds from and to debit accounts by processing the withdrawal of funds from an account for a sending debit account as a consumer sender'"'"'s remote electronic withdrawal from a virtual ATM (Automated Teller Machine) to withdraw funds from the account for the sending debit account and to electronically convey funds to an account for a receiving debit account;

transferring funds without the necessity of a pre-existing account link having been created connecting the particular sending debit account and the particular receiving debit account prior to a sender accessing and operating the computer'"'"'s transfer method to make a funds transfer as required in transfers between pre-connected and pre-linked parent/child and other similar joint type accounts; and

,

repeating simultaneously the transfer method'"'"'s accessibility, conveying of prompts and data receiving, processing and conveying sequences to perform virtually simultaneous transfers of funds from different sending debit accounts to different receiving debit accounts.

41. The method of claim 40, further comprising the step of

transferring funds to debit card accounts.

42. The method of claim 40, further comprising the step of:

transferring funds which are not a payment step in a multi-step product purchase process business relationship with the recipient.