Money transfer system and method
First Claim
1. A method comprising:
- providing, at a point of sale terminal, a money transfer instrument having product information and a monetary value associated therewith and used by a sender for transferring money to a recipient;
capturing, by the point of sale terminal, the product information of the money transfer instrument in response to the sender purchasing the money transfer instrument;
generating and issuing to the sender, by a money transfer host, in response to capture of the product information, a first identifier on a receipt printed at the point of sale terminal;
receiving by the money transfer host, after issuing the first identifier, money transfer information and the first identifier;
generating and providing to the sender, by the money transfer host, in response to receipt of the money transfer information and first identifier, a second identifier that is separate from the first identifier;
receiving from the recipient, by the money transfer host, the second identifier, the second identifier having been provided to the recipient by the sender; and
causing, at least partially by the money transfer host, funds to be provided to the recipient, in response to receipt of the second identifier.
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Accused Products
Abstract
A method for transferring money may include providing a money transfer instrument having product information and a monetary value associated therewith. The method may also include capturing the product information by a POS terminal in response to the sender purchasing the money transfer instrument. The method may further include generating and issuing a personal identifier to the sender on a receipt printed at the POS terminal. The method may additionally include receiving from the sender money transfer information along with the personal identifier. The method may moreover include generating and transmitting to the sender a money transfer control identifier that is separate from the personal identifier. The method may furthermore include receiving from the recipient the money transfer control identifier to receive transferred money at a money transfer location.
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Citations
20 Claims
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1. A method comprising:
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providing, at a point of sale terminal, a money transfer instrument having product information and a monetary value associated therewith and used by a sender for transferring money to a recipient; capturing, by the point of sale terminal, the product information of the money transfer instrument in response to the sender purchasing the money transfer instrument; generating and issuing to the sender, by a money transfer host, in response to capture of the product information, a first identifier on a receipt printed at the point of sale terminal; receiving by the money transfer host, after issuing the first identifier, money transfer information and the first identifier; generating and providing to the sender, by the money transfer host, in response to receipt of the money transfer information and first identifier, a second identifier that is separate from the first identifier; receiving from the recipient, by the money transfer host, the second identifier, the second identifier having been provided to the recipient by the sender; and causing, at least partially by the money transfer host, funds to be provided to the recipient, in response to receipt of the second identifier. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A non-transitory machine readable medium having instructions stored thereon, the instructions executable by one or more processors for at least:
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providing a money transfer instrument having product information and a monetary value associated therewith and used by a sender for transferring money to a recipient; capturing the product information of the money transfer instrument in response to the sender purchasing the money transfer instrument; generating and issuing to the sender, in response to capture of the product information, a first identifier on a receipt printed; receiving, after issuing the first identifier, money transfer information and the first identifier; generating and providing to the sender, in response to receipt of the money transfer information and first identifier, a second identifier that is separate from the first identifier; receiving from the recipient, the second identifier, the second identifier having been provided to the recipient by the sender; and causing funds to be provided to the recipient, in response to receipt of the second identifier. - View Dependent Claims (12, 13, 14, 15)
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16. A system comprising:
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a point of sale terminal configured for at least; providing a money transfer instrument having product information and a monetary value associated therewith and used by a sender for transferring money to a recipient; capturing the product information of the money transfer instrument in response to the sender purchasing the money transfer instrument; generating and issuing to the sender, in response to capture of the product information, a first identifier on a receipt printed; a money transfer host system configured for at least; receiving, after issuing the first identifier, money transfer information and the first identifier; generating and providing to the sender, in response to receipt of the money transfer information and first identifier, a second identifier that is separate from the first identifier; receiving from the recipient, the second identifier, the second identifier having been provided to the recipient by the sender; and causing funds to be provided to the recipient, in response to receipt of the second identifier. - View Dependent Claims (17, 18, 19, 20)
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Specification