Methods and apparatus for using assignable fee profiles to define fee structures for remittance services

An apparatus comprising:

• a processor;
• and
• a memory device in communication with the processor and storing program instructions, the processor operative with the program instructions to:
• receive a selection of a service fee profile option for an international remittance system;
• provide a data entry page for defining a class of remittance transactions;
• receive user input selecting a sender country, a sender currency, a recipient country, and a recipient currency to define a currency remittance channel, wherein the sender country is different from the recipient country;
• provide a plurality of service fee profiles for presentation to the user;
• receive user input selecting a service fee profile from the plurality of service fee profiles;
• transmit a fee structure defined by the selected service fee profile as applied to the currency remittance channel for presentation to the user;
• and
• receive confirmation to assign the selected service fee profile to the currency remittance channel.

A system comprising:

• a data communications network;
• an administrative server computer operably connected to the data communications network;
• a plurality of user computers operably connected to the data communications network and configured to communicate with the administrative server computer;
• and
• a plurality of financial institution computers operably connected to the data communications network and configured to communicate with the administrative server computer;
• wherein the administrative server computer is configured to:
• receive a selection, from a user computer of a customer, of a service fee profile option for an international remittance system;
• provide a data entry page to the user computer to define a class of remittance transactions;
• receive user input comprising selection of a sender country, a sender currency, a recipient country, and a recipient currency to define a currency remittance channel, wherein the sender country is different from the recipient country;
• provide a plurality of service fee profiles to the user computer to present to the user;
• receive a service fee profile selected from the plurality of service fee profiles from the user computer;
• transmit a fee structure defined by the selected service fee profile as applied to the currency remittance channel to the user computer to present to the user;
• and
• receive confirmation to assign the selected service fee profile to the currency remittance channel from the user computer.