Payment card based remittance methods and system
First Claim
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1. A method comprising:
- receiving in a computer, from a first financial institution, a request for a funds transfer, the request originating from a sender who has an account with the first financial institution, the request indicating that the funds transfer is to be made from said account;
routing the funds transfer from the computer to a second financial institution for crediting to a payment card account of a recipient; and
receiving in the computer, from the second financial institution, the recipient'"'"'s name and residential address.
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Abstract
A payment system receives, from a first financial institution, a request for a funds transfer. The request originates from a sender who has an account with the first financial institution. The payment system routes the funds transfer to a second financial institution for the benefit of a recipient. The payment system receives, from the second financial institution, the recipient'"'"'s name and residential address.
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Citations
32 Claims
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1. A method comprising:
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receiving in a computer, from a first financial institution, a request for a funds transfer, the request originating from a sender who has an account with the first financial institution, the request indicating that the funds transfer is to be made from said account; routing the funds transfer from the computer to a second financial institution for crediting to a payment card account of a recipient; and receiving in the computer, from the second financial institution, the recipient'"'"'s name and residential address. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A method of performing a funds transfer transaction, the method comprising:
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receiving in a computer a request for a funds transfer from a first mobile telephone;
the first mobile telephone having a first telephone number;
the first telephone number associated with a first account holder;
the first account holder having an account at a first financial institution;
the first financial institution storing first identification data in regard to the first account holder;
the first identification data including the name of the first account holder, the residential address of the first account holder, and a record of an identification document that confirms the name and residential address of the first account holder;
the request for funds transfer including routing information indicative of a destination for the funds transfer;
the destination associated with a second account holder;
the second account holder having a payment card account at a second financial institution;
the second financial institution storing second identification data including the name of the second account holder, the residential address of the second account holder, and a record of an identification document that confirms the name and address of the second account holder, the request indicating that the funds transfer is to be made from said account at the first financial institution;routing the funds transfer from the computer to the destination for crediting to the payment card account of the second account holder; and receiving in the computer, from the second financial institution, information that includes the name and residential address of the second account holder. - View Dependent Claims (11, 12, 13, 14, 15, 16)
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17. A method comprising:
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receiving in a computer, from a first financial institution, a request for a funds transfer, the funds transfer originating from a sender; transmitting an inquiry from the computer to a second financial institution, the sender having an account with the second financial institution; receiving in the computer the sender'"'"'s name and residential address from the second financial institution in response to the inquiry; receiving in the computer, from a third financial institution, the name and residential address of a recipient; and routing the funds transfer from the computer to the third financial institution for crediting to a payment card account of the recipient. - View Dependent Claims (18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28)
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29. An apparatus comprising:
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a processor; and a memory in communication with the processor, the memory storing program instructions, the processor operative with the program instructions to; receive, from a first financial institution, a request for a funds transfer, the request originating from a sender who has an account with the first financial institution, the request indicating that the funds transfer is to be made from said account; route the funds transfer to a second financial institution for crediting to a payment card account of a recipient; and receive, from the second financial institution, the recipient'"'"'s name and residential address. - View Dependent Claims (30, 31, 32)
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Specification