Consumer due diligence for money transfer systems and methods

A system for performing transfers using a third party transfer service, the system comprising:

• a host computer system associated with a third party transfer service, the host computer system comprising one or more processor and memory communicatively coupled with and readable by the one or more processors and having stored therein processor-readable instructions which, when executed by the one or more processors, causes the host computer system to receive and respond to requests from point of sale devices;
• and
• a plurality of point of sale devices at transfer origination locations, wherein each particular point of sale device in the plurality of point of sale devices comprises:
• one or more processors;
• one or more input devices;
• and
• a network interface configured to establish communications with the host computer system;
• and
• memory communicatively coupled with and readable by the one or more processors and having stored therein processor-readable instructions which, when executed by the one or more processors, cause the particular point of sale device to:
• receive, via the one or more input devices, transaction details for a requested transfer from a sender;
• determine a unique customer identifier associated with the sender, within the third party transfer service, by:
• (a) using the transaction details for the requested transfer, attempting to identify the sender as an existing customer of a third party transfer service;
• and
• (b)(i) in response to identifying the sender as an existing customer of the third party transfer service, retrieving a unique customer identifier and a transaction history associated with the sender, from the host computer system;
• or
• (b)(ii) in response to determining that the sender cannot be identified as an existing customer of the third party transfer service, generating a new unique customer identifier associated with the sender using the host computer system;
• determine whether the requested transfer is an allowable transaction, based on the transaction details received via the point of sale device, wherein determining whether the requested transfer is an allowable transaction is based on:
• (1) the transaction details of the requested transfer, or an aggregation of the requested transfer by determining whether the aggregation of the requested transfer exceeds a predetermined aggregation threshold, and (2) based on the transaction history associated with the sender by determining whether a transaction pattern within the transaction history associated with the sender comprises unallowable transaction patterns;
• in response to a determination that the requested transfer is an allowable transaction:
• initiate a transfer record for the requested transfer, the transfer record including the unique customer identifier associated with the sender;
• associate a transfer control number with the transfer record;
• and
• use the transfer control number to perform a transfer to a recipient via the host computer system.

A non-transitory computer-readable medium for performing transfers using a third party transfer service, having sets of instructions stored thereon which, when executed by a computer, cause the computer to:

• receive, via a point of sale device, transaction details for a requested transfer from a sender;
• determine a unique customer identifier associated with the sender, within the third party transfer service, by:
• (a) using the transaction details for the requested transfer, attempting to identify the sender as an existing customer of a third party transfer service;
• and
• (b)(i) in response to identifying the sender as an existing customer of the third party transfer service, retrieving a unique customer identifier and a transaction history associated with the sender, from the third party transfer service;
• or
• (b)(ii) in response to determining that the sender cannot be identified as an existing customer of the third party transfer service, generating a new unique customer identifier associated with the sender within the third party transfer service;
• determine whether the requested transfer is an allowable transaction, based on the transaction details received via the point of sale device, wherein determining whether the requested transfer is an allowable transaction is based on:
• (1) the transaction details of the requested transfer, or an aggregation of the requested transfer by determining whether the aggregation of the requested transfer exceeds a predetermined aggregation threshold, and (2) based on the transaction history associated with the sender by determining whether a transaction pattern within the transaction history associated with the sender comprises unallowable transaction patterns;
• in response to a determination that the requested transfer is an allowable transaction:
• initiate a transfer record for the requested transfer, the transfer record including the unique customer identifier associated with the sender;
• associate a transfer control number with the transfer record;
• and
• use the transfer control number to perform a transfer to a recipient via the third party transfer service.