Alias Management and Value Transfer Claim Processing

A method comprising

• sending, using one or more processors, a value transfer request message comprising a recipient entity alias, a transfer amount, and a sending entity identifier;
• receiving a message indicating that the recipient entity alias is not registered;
• sending an approval message to approve continuing with a value transfer to an unregistered alias;
• and
• receiving a value transfer confirmation message confirming that a registration request message was sent to a recipient entity and a hold message was sent to a sending entity issuer to reserve at least the transfer amount from a sending entity source account identified by the sending entity identifier.

A system comprising

• a processor;
• and
• a computer-readable medium coupled to the processor, the computer readable medium comprising code executable by the processor for implementing a method comprising:
• receiving a value transfer request message comprising a recipient entity alias, a transfer amount, and a sending entity identifier;
• determining if the recipient entity alias is registered;
• if the recipient entity alias is not registered, sending a registration request message to a recipient entity and sending a message to a sending entity issuer to reserve at least the transfer amount from a sending entity source account identified by the sending entity identifier, and upon receiving a response message from the recipient entity, performing the operations of:
• sending a debit message to the sending entity issuer to debit at least the transfer amount from the sending entity source account;
• and
• sending a credit message to a recipient entity issuer to credit the transfer amount to a recipient entity destination account.