Systems and methods of introducing and receiving information across a computer network
First Claim
Patent Images
1. A method for transferring money from a sender to a recipient, the method comprising:
- receiving money at a money transfer location in the form of cash or negotiable instrument from the sender, along with information on the recipient that is to receive at least a portion of the money;
establishing a stored value account upon receipt of the money from the sender, for purposes of holding the received money for transfer to the recipient;
storing an electronic record of the received money in the stored value account of the sender;
electronically processing a request from the sender to transfer at least a portion of the received money to the recipient;
debiting the stored value account for the money transferred; and
maintaining the balance in the stored value account of money not transferred to the recipient, so that the balance may be used for one or more subsequent transactions by the sender using the stored value account.
3 Assignments
0 Petitions
Accused Products
Abstract
One method involves the use of stored value account that may be used, for example, to make internet payments, and that can be credited using a variety of payment techniques. Such a method involves receiving money at a money transfer location from a potential purchaser. The money is then stored as an electronic record in a stored value account of the purchaser. This money is then available for transfer at the request of the purchaser. Upon such a request, the money may be electronically sent to a recipient and the stored value account may be debited.
242 Citations
36 Claims
-
1. A method for transferring money from a sender to a recipient, the method comprising:
-
receiving money at a money transfer location in the form of cash or negotiable instrument from the sender, along with information on the recipient that is to receive at least a portion of the money;
establishing a stored value account upon receipt of the money from the sender, for purposes of holding the received money for transfer to the recipient;
storing an electronic record of the received money in the stored value account of the sender;
electronically processing a request from the sender to transfer at least a portion of the received money to the recipient;
debiting the stored value account for the money transferred; and
maintaining the balance in the stored value account of money not transferred to the recipient, so that the balance may be used for one or more subsequent transactions by the sender using the stored value account. - View Dependent Claims (2, 3, 4, 5, 6, 7)
-
-
8. A method for transferring money from a sender to a recipient, the method comprising:
-
receiving money at a money transfer station is the form of cash or negotiable instrument from the sender along with information on the recipient that is to receive the money;
creating an electronic record of the money in the form of a stored value account and an electronic record of the intended recipient;
providing the recipient with various payment options for receiving the money, wherein the payment options are selected from a group consisting of a hand delivery to the recipient in cash, a hand delivery to the recipient in a money order, the crediting of an account of the recipient, and by the use of a card;
receiving a request for payment using one of the payment options selected by the recipient;
paying the recipient the money according to the requested payment option;
creating an electronic record of the payment;
debiting the stored value account for the money transferred; and
maintaining the balance not transferred for one or more subsequent transactions by the sender using the stored value account. - View Dependent Claims (9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34)
-
-
35. A method for transferring money from a sender to a recipient, the method comprising:
-
providing means for the sender to contact a customer service representative in order to provide information concerning a money transfer transaction and to receive a transaction number, prior to presenting money at a money transfer location;
receiving a transaction number from the customer service representative;
presenting physical payment of money at the money transfer location along with the transaction number, such physical payment in the form of cash, negotiable instrument or the like;
establishing a stored value account for the sender upon receipt of the money and the transaction number, for purposes of holding the received money for transfer to the recipient;
storing an electronic record of the received money in the stored value account of the sender;
electronically processing a request from the sender to transfer at least a portion of the received money to the recipient; and
debiting the stored value account for the money transferred; and
maintaining the balance in the stored value account of money not transferred to the recipient, so that the balance may be used for one or more subsequent transactions using the scored value account. - View Dependent Claims (36)
-
Specification