REMITTANCE SYSTEM WITH AUTOMATIC FINDING OF CASH LOCATIONS

• US 20080249909A1
• Filed: 08/10/2007
• Published: 10/09/2008
• Est. Priority Date: 04/06/2007
• Status: Abandoned Application

• Current Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Original Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Inventors: Killian, Patrick, Lorberg, Dana
• Application Number:
  US11/836,902
• Publication Number:
  US 20080249909A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/381 Currency conversion
• 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: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A method includes receiving an indication that a funds transfer has been completed by crediting of a monetary amount to a recipient'"'"'s payment card account. The method further includes transmitting, to the recipient'"'"'s mobile telephone, and at a timing determined by the indication, data that indicates at least one location for retrieving funds from the recipient'"'"'s payment card account.

Claims

1. A method comprising:

receiving an indication that a funds transfer has been completed by crediting of a monetary amount to a recipient'"'"'s payment card account; and

at a timing determined by the indication, transmitting, to the recipient'"'"'s mobile telephone, data that indicates at least one location for retrieving funds from the recipient'"'"'s payment card account.

2. The method of claim 1, further comprising:

prior to said transmitting step, receiving an indication of a current location of the recipient'"'"'s mobile telephone.

3. The method of claim 1, further comprising:

after said receiving step and prior to said transmitting step;

sending an indication to the recipient'"'"'s mobile telephone that said funds transfer has been completed; and

receiving, from the recipient'"'"'s mobile telephone, a request for at least one location for receiving funds.

4. The method of claim 1, wherein said transmitting step is performed without receiving a request from the recipient'"'"'s mobile telephone.

5. The method of claim 1, further comprising:

prior to said transmitting step, accessing a database to determine hours of operation of said at least one location.

6. The method of claim 1, further comprising:

prior to said transmitting step, accessing a database to determine a limit on a quantity of funds to be dispensed by said at least one location.

7. The method of claim 1, further comprising:

prior to said transmitting step, accessing a database to determine a fee to be charged by said at least one location.

8. The method of claim 1, further comprising:

prior to said transmitting step, accessing a database to determine a currency conversion rate to be applied by said at least one location.

9. The method of claim 1, wherein:

said at least one location includes an automatic teller machine (ATM).

10. The method of claim 1, wherein:

said at least one location includes a retail store.

11. The method of claim 1, wherein:

said at least one location includes a bank branch.

12. A method comprising:

receiving an indication that a funds transfer has been completed by crediting of a monetary amount to a recipient'"'"'s payment card account;

in response to said indication, transmitting, to a mobile telephone system, a request for a current location of the recipient'"'"'s mobile telephone;

receiving, on a first occasion, from the mobile telephone system, an indication that the current location of the recipient'"'"'s mobile telephone is currently unknown to the mobile telephone system;

receiving, on a second location later than the first location, an indication that the current location of the recipient'"'"'s mobile telephone has become known to the mobile telephone system;

in response to the indication that the current location of the recipient mobile telephone has become known, transmitting, to the recipient'"'"'s mobile telephone, data that indicates at least one location for retrieving funds from the recipient'"'"'s payment card account.

13. The method of claim 12, further comprising:

after receiving the indication that the current location of the recipient mobile telephone has become known and prior to transmitting the data that indicates the at least one location;

sending an indication to the recipient'"'"'s mobile telephone that said funds transfer has been completed; and

receiving, from the recipient'"'"'s mobile telephone, a request for at least one location for receiving funds.

14. The method of claim 12, wherein the step of transmitting the data that indicates the at least one location is performed without receiving a request from the recipient'"'"'s mobile telephone.

15. The method of claim 12, further comprising:

between said first and second occasions, polling the mobile telephone system for the indication that the current location of the recipient'"'"'s mobile telephone has become known.

16. An apparatus comprising:

a processor; and

a memory in communication with the processor, the memory storing program instructions, the processor operative with the program instructions to;

receive an indication that a funds transfer has been completed by crediting of a monetary amount to a recipient'"'"'s payment card account; and

at a timing determined by the indication, transmit, to the recipient'"'"'s mobile telephone, data that indicates at least one location for retrieving funds from the recipient'"'"'s payment card account.

17. The apparatus of claim 16, wherein the processor is further operative with the program instructions to:

prior to said transmitting step, receive an indication of a current location of the recipient'"'"'s mobile telephone.

18. The apparatus of claim 16, wherein the processor is further operative with the program instructions to:

after said receiving step and prior to said transmitting step;

send an indication to the recipient'"'"'s mobile telephone that said funds transfer has been completed; and

receive, from the recipient'"'"'s mobile telephone, a request for at least one location for receiving funds.

19. The apparatus of claim 16, wherein said transmitting step is performed without receiving a request from the recipient'"'"'s mobile telephone.

20. The apparatus of claim 16, wherein the processor is further operative with the program instructions to:

prior to said transmitting step, access a database to determine hours of operation of said at least one location.