Mobile remittance computer system and method
AssigneeEastNets
InventorHazem Mohamed Mulhim
Life of this patent
Estimating the term…
Abstract
A computer system that executes a mobile device financial institution and/or financial regulatory compliant, for example, SWIFT and AML/CFT compliant, remittance across borders of countries by generation, at a mobile device via a mobile device service operator interface of a mobile network operator in a first country, of a remittance transaction based upon a remittance amount and a mobile device number of a remittance sending user. The remittance transaction is transmitted, via the mobile device service operator interface, to a mobile device remittance service computer. The mobile device remittance service computer transmits via a money manager interface the remittance transaction to a money manager in a second country for remittance to a remittance beneficiary.
Claims11
A method of outsourcing by a mobile network operator (MNO) a mobile device remittance service, comprising:
- registering by MNOs in a plurality of first countries subscribers of the MNOs for mobile device remittance to beneficiaries in second countries;
- configuring a server hub to computer interface with the MNOs in the first countries and to banks in the second countries according to a bank interface to the banks in the second countries;
- generating by the MNOS in the first countries remittance transactions, each transaction associated with a mobile device number and a security code;
- receiving a bundle of the remittance transactions from the MNOs and desegregating the remittance transaction by second country and by banks of the second country;
- converting the desegregated remittance transactions into financial regulatory compliant transactions on the second country and bank of the second country basis, and
- supporting remittance to the beneficiaries at the banks in the second countries according to the server hub bank interface to the banks in the second countries and the generated security code.
A method of remitting by a mobile device, comprising:
- configuring a computer to include a mobile device service operator computer interface and a money manager computer interface, thereby providing a mobile device remittance service computer to a computer of the mobile device service operator computer and to a computer of the money manager;
- and
- enabling a mobile device remittance across borders of countries by:
- generation, at a mobile device via the mobile device service operator interface, of a remittance transaction based upon a remittance amount and a mobile device number of a sending user,
- transmission of the remittance transaction, via the mobile device service operator interface, to the mobile device remittance service computer, and
- conversion, by the mobile device remittance service computer, of the remittance transaction into a money manager computer interface compliant transaction and transmission, via the money manager interface, of the converted remittance transaction to the money manager.
A computer system configured to interface with a mobile device service operator computer and to a financial institution computer, comprising:
- a computer processor that executes:
- receiving a mobile device remittance transaction from the mobile device service operator, based upon a remittance amount and a mobile device number of a sending user of the remittance, and
- converting the remittance transaction into a computer interface compliant transaction of the financial institution, and transmitting the converted remittance transaction to the financial institution for remittance to a beneficiary of the remittance transaction.
Dependencies are inferred from the claim text.