Money-transfer techniques
First Claim
1. A method for accessing funds associated with a financial instrument, comprising:
- generating by a financial system a funds-access code including the steps of generating, by a computer connected to a communication network, a random code that is the funds-access code;
creating and storing by the computer a fund access code record containing the generated funds-access code and accompanying identification information about a recipient in a database accessible to a remote computer connected to the communication network, and linking by the computer the fund access code record to a financial instrument containing funds;
supplying a carryable funds-access device to a distributor by a supplier of the financial system, the carryable funds-access device being in an inactive state and corresponding to the fund access code record;
prior to activating the carryable funds-access device from the inactive state to a distributed state, preventing access, by the computer, to the funds associated with the financial instrument;
supplying the funds-access code to the recipient;
activating the carryable funds-access device from the inactive state to the distributed state by the remote computer of the distributor of the financial system;
prior to activating the carryable funds-access device from the distributed state to an activated state, preventing access, by the computer, to the funds associated with the financial instrument;
receiving by the remote computer of the distributor of the financial system of the funds-access code from the recipient;
validating, in the distributed state of the carryable funds-access device, by the distributor the presented funds-access code by comparing the presented funds-access code and the recipient'"'"'s identification information with the information in the fund access code record in the database via the remote computer connected to the communication network;
activating by the remote computer of the distributor the carryable funds-access device to the activated state after confirmation of the presented funds-access code including the steps of activating one of multiple inactive carryable funds-access devices located at the distributor'"'"'s location,creating and storing a funds-access device record representing the activated funds-access device in the database via the remote computer connected to the communication network, and linking via the remote computer connected to the communication network the funds-access device record to the financial instrument that is currently linked to the fund access code record;
after activating the carryable funds-access device to the activated state, permitting access, by the computer, to the funds associated with the financial instrument;
presenting by the distributor the recipient with the activated funds-access device;
dispensing by the computer of the financial system the funds associated with the financial instrument in response to the utilization of the funds-access device at a location remote from a location of the distributor.
1 Assignment
0 Petitions
Accused Products
Abstract
A technique for transferring money between a customer and a beneficiary comprises a money-transfer company, and a plurality of selling agents and paying agents. The money-transfer company maintains a server, a database, and a communications interface for communicating, via a telephone network and/or the Internet, with data terminals located at the selling and paying agents'"'"' sites. Customer transaction cards are distributed to customers. These cards have a visible card number and a corresponding alphanumeric card code stored in, e.g., a magnetic strip. In response to a customer'"'"'s request, the money-transfer company activates the customer'"'"'s transaction card by loading customer and beneficiary information into a corresponding transaction card record stored in the database.
-
Citations
47 Claims
-
1. A method for accessing funds associated with a financial instrument, comprising:
-
generating by a financial system a funds-access code including the steps of generating, by a computer connected to a communication network, a random code that is the funds-access code; creating and storing by the computer a fund access code record containing the generated funds-access code and accompanying identification information about a recipient in a database accessible to a remote computer connected to the communication network, and linking by the computer the fund access code record to a financial instrument containing funds; supplying a carryable funds-access device to a distributor by a supplier of the financial system, the carryable funds-access device being in an inactive state and corresponding to the fund access code record; prior to activating the carryable funds-access device from the inactive state to a distributed state, preventing access, by the computer, to the funds associated with the financial instrument; supplying the funds-access code to the recipient; activating the carryable funds-access device from the inactive state to the distributed state by the remote computer of the distributor of the financial system; prior to activating the carryable funds-access device from the distributed state to an activated state, preventing access, by the computer, to the funds associated with the financial instrument; receiving by the remote computer of the distributor of the financial system of the funds-access code from the recipient; validating, in the distributed state of the carryable funds-access device, by the distributor the presented funds-access code by comparing the presented funds-access code and the recipient'"'"'s identification information with the information in the fund access code record in the database via the remote computer connected to the communication network; activating by the remote computer of the distributor the carryable funds-access device to the activated state after confirmation of the presented funds-access code including the steps of activating one of multiple inactive carryable funds-access devices located at the distributor'"'"'s location, creating and storing a funds-access device record representing the activated funds-access device in the database via the remote computer connected to the communication network, and linking via the remote computer connected to the communication network the funds-access device record to the financial instrument that is currently linked to the fund access code record; after activating the carryable funds-access device to the activated state, permitting access, by the computer, to the funds associated with the financial instrument; presenting by the distributor the recipient with the activated funds-access device; dispensing by the computer of the financial system the funds associated with the financial instrument in response to the utilization of the funds-access device at a location remote from a location of the distributor. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 47)
-
-
12. A method for accessing funds associated with a financial instrument, comprising:
-
generating by a computer of a financial system connected to a communication network a funds record of funds linked with a financial instrument in a database on a non-transitory computer readable medium accessible to a remote computer connected to the communication network, the funds record including identification information of an intended recipient; transferring by the computer a value of funds into the funds record in the database; supplying a carryable funds-access device to a distributor by a supplier of the financial system, the carryable funds-access device being in an inactive state and corresponding to the funds record; prior to activating the carryable funds-access device from the inactive state to a distributed state, preventing access, by the computer, to the value of funds in the funds record; activating the carryable funds-access device from the inactive state to the distributed state by the remote computer of the distributor of the financial system; prior to activating the carryable funds-access device from the distributed state to an activated state, preventing access, by the computer, to the value of funds in the funds record; validating, in the distributed state of the carryable funds-access device, the identity of the recipient with the identification information of the intended recipient in the funds record using the remote computer connected to the communication network; activating by the remote computer of the distributor the carryable funds-access device to the activated state including the steps of creating and storing by the remote computer a funds-access device record in the database linked to the carryable funds-access device, and linking by the remote computer the carryable funds-access device record in the database with the financial instrument; after activating the carryable funds-access device to the activated state, permitting access, by the computer, to the value of funds in the funds record; dispensing by the computer of the financial system funds associated with the financial instrument in response to the utilization of the activated funds-access device. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
-
-
23. A method for creating an account from funds associated with a financial instrument, comprising:
-
generating by a computer of a financial system connected to a communication network a funds record of funds linked with a financial instrument in a database on a non-transitory computer readable medium accessible to a remote computer connected to the communication network, the funds record including identification information of an intended recipient; transferring by the computer of the financial system a value of funds into the funds record in the database; creating by the computer of the financial system an account and storing an account record representing the account in the database; supplying a carryable funds-access device to a distributor by a supplier of the financial system, the carryable funds-access device being in an inactive state and corresponding to the funds record; prior to activating the carryable funds-access device from the inactive state to a distributed state, preventing access, by the computer, to the value of funds in the funds record; activating the carryable funds-access device from the inactive state to the distributed state by the remote computer of the distributor of the financial system; prior to activating the carryable funds-access device from the distributed state to an activated state, preventing access, by the computer, to the value of funds in the funds record; validating, in the distributed state of the funds-access device, the funds-access device with the identification information of the intended recipient in the funds record using the remote computer connected to the communication network; activating by the remote computer the funds-access device from the distributed state to the activated state at a location remote from a location of the computer of the financial system; after activating the carryable funds-access device to the activated state, permitting access, by the computer, to the value of funds in the funds record; depositing the funds linked with the financial instrument into the account; and dispensing by the computer of the financial system funds associated with the financial instrument in response to the utilization of the activated funds-access device. - View Dependent Claims (24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34)
-
-
35. A method for creating an account from funds associated with a financial instrument, comprising:
-
generating by a computer of a financial system connected to a communication network a funds-access code for accessing funds linked with a financial instrument; linking by the computer of the financial system the funds-access code with the financial instrument; providing the funds-access code to a recipient; creating an account and storing by the computer of the financial system an account record representing the account in response to the recipient providing the funds-access code in a database on a non-transitory computer readable medium accessible to a remote computer connected to the communication network; depositing by the financial system funds linked with the financial instrument into the account; supplying a carryable funds-access device to a distributor by a supplier of the financial system, the carryable funds-access device being in an inactive state and corresponding to the funds linked in the account; prior to activating the carryable funds-access device from the inactive state to a distributed state, preventing access, by the computer, to the funds; activating the carryable funds-access device from the inactive state to the distributed state by the remote computer of the distributor of the financial system; prior to activating the carryable funds-access device from the distributed state to an activated state, preventing access, by the computer, to the funds linked with the financial instrument; validating, in the distributed state of the carryable funds-access device, the funds-access code by comparing with the information in the account record in the database via the remote computer connected to the communication network; activating the carryable funds-access device by the remote computer from the distributed state to the activated state including the steps of creating and storing by the remote computer connected to the communication network a funds-access device record in the database linked with the carryable funds-access device, and linking by the remote computer the funds-access device record in the database with the financial instrument; after activating the carryable funds-access device to the activated state, permitting access, by the computer, to the funds linked with the financial instrument; supplying the funds-access device to the recipient; dispensing by the computer of the financial system the funds associated with the financial instrument in response to the utilization of the funds-access device. - View Dependent Claims (36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46)
-
Specification