Systems and methods for price matching on funds transfers
AssigneeFirst Data Corporation
InventorsDean A. Seifert, Earney E. Stoutenburg
Life of this patent
Estimating the term…
Abstract
Systems and methods for performing financial transfers. In some instances, the methods include providing a staged transaction system that includes at least two stages. Quotes are accessed for the first and for the second stage of the transaction. One quote associated with a stage of the transaction is selected and used to consummate the financial transfer. Other methods include marketing financial transfer transactions. Such marketing can include providing a flexible rating mechanism; monitoring a financial transaction market; and fixing a rate based at least in part on monitoring the financial transaction market where the flexible rating mechanism provides access to the fixed rate.
Claims26
A method for performing a value transfer, the method comprising:
- providing a staged transaction system, wherein the staged transaction system includes at least a first stage and a second stage;
- accessing a first quote associated with the first stage;
- accessing a second quote associated with the second stage;
- and
- selecting one of the first quote and the second quote, wherein the selected quote is used to consummate the value transfer.
A method for performing a money transfer send transaction, the method comprising:
- receiving a request for a send transaction;
- providing a first quote associated with the send transaction;
- receiving a request to consummate the send transaction;
- accessing a second quote associated with the request to consummate the send transaction;
- and
- selecting one of the first quote and the second quote, wherein the selected quote is used to consummate the send transaction.
A system for providing financial transactions, the system comprising:
- a computer including a processor and a computer readable medium, wherein the computer readable medium comprises instructions executable by the processor to:
- receive a request for a transaction;
- access a first quote in relation to the transaction;
- receive request to consummate the transaction;
- and
- access a second quote in relation to the request to consummate the transaction.
A method for marketing financial transfer transactions, the method comprising:
- providing a flexible rating mechanism;
- monitoring a financial transaction market;
- and
- fixing a rate based at least in part on monitoring the financial transaction market, wherein the flexible rating mechanism provides access to the fixed rate.
Dependencies are inferred from the claim text.