Method and apparatus for staging send transactions

A system comprising:

• an access portal configured to receive registration information and money transfer transaction specifications, the registration information identifying a payment source for staging a plurality of send transactions based on the money transfer transaction specifications;
• a database configured to store a customer profile based on the registration information, wherein the money transfer transaction specifications are stored in the customer profile;
• and
• a controller configured to:
• identify one of the money transfer transaction specifications stored in the customer profile in response to an initiation instruction and associated user authentication data, wherein the customer profile includes the staged send transactions defined in transaction specification records and the customer initiates one or more of the staged send transactions remotely with a mobile device;
• verify a status of the payment source for funding one of the staged send transactions, according to the identified money transfer transaction specification;
• and
• initiate the staged send transaction for delivery of a send amount, based on the payment source having available funds for the delivery at a time the send transaction is initiated;
• wherein the send amount is determined at the time the send transaction is initiated and is not included in the identified money transfer transaction specification;
• and
• wherein debits are tracked from the initiated transaction in the transaction specification records, for retail purchases at participating merchants.

A method comprising:

• receiving registration information and money transfer transaction specifications from an access portal, the registration information identifying a payment source for staging a plurality of staged send transactions based on the money transfer transaction specifications;
• generating a customer profile based on the registration information;
• storing the money transfer transaction specifications in the customer profile;
• identifying the customer profile in response to an initiation instruction and associated authentication data received from a customer, wherein the customer profile includes the staged send transactions defined in transaction specification records and the customer uses the access portal to initiate one or more of the staged send transactions remotely, more than once, working with a mobile device;
• identifying one of the money transfer transaction specifications, based on the initiation instruction;
• verifying a status of the payment source for funding one of the staged send transactions, according to the identified money transfer transaction specification;
• initiating the staged send transaction for delivery of a send amount based on the status of the payment source at a time the send transaction is initiated;
• and
• through data exchange with a settlement system, tracking debits from the one or more initiated transactions in the transaction specification records, for retail purchases at participating merchants;
• wherein the send amount is set at a time of the initiation instruction and is not included in the identified money transfer transaction specification.