Method and system for transferring money

A system for transferring money between a purchaser and a recipient, the system comprising:

• a card having a unique identification number, the card being associated with a denomination of a first currency;
• a verification number, the verification number being associated with a vending location, the verification number being indicative of a completed vending transaction;
• a recipient data, the recipient data comprising data associated with a means for verifying the identity of the recipient;
• a provider, the provider receiving the unique identification number, the verification number, and the recipient data from the purchaser, the provider providing the recipient data to a distributor;
• and
• the distributor, the distributor verifying the identity of the recipient and providing a monetary amount associated with the denomination of the first currency.

A method for transferring money from a purchaser to a recipient, the purchaser providing recipient data to a provider, the recipient data comprising data associated with a means of verifying the identity of the recipient, the provider providing to a distributor the recipient data and a monetary amount, the method comprising:

• vending a card with a unique identification number, the card being associated with a denomination of a first currency;
• the vending being provided by a vendor;
• and
• providing a verification number, the verification number being associated with the vendor, the verification number being indicative of the step of vending the card.