Direct Deposit Money Transfer
AssigneeMoneyGram International, Inc.
InventorsMichael William Ebeling, Michael E. Hermansen
Life of this patent
Estimating the term…
Abstract
Systems, devices and methods which provide for funding money transfer transactions via a direct deposit of transaction funds from a sender are provided herein. In some embodiments an account may be provided by a money transfer service to a sending party which may receive funds from a direct deposit. A money transfer transaction may be staged, or in some embodiments pre-staged, by a sending party and may be completed upon receiving the transaction funds via a direct deposit.
Claims28
A method for conducting a money transfer transaction, the method comprising:
- establishing, by a money transfer service server, an account configured to receive funds from a direct deposit transaction;
- receiving, by the money transfer service server, funds from a direct deposit transaction;
- and
- funding a money transfer transaction with the funds from the direct deposit transaction.
A method for conducting a money transfer transaction, the method comprising:
- staging a money transfer transaction at a processing device of a money transfer service upon receiving transaction details from a sending party;
- receiving funds belonging to the sending party from at least one direct deposit transaction;
- directing the received funds to an account corresponding to the sending party which has been established by the money transfer service;
- and
- funding the money transfer transaction with the funds from the at least one direct deposit transaction.
A computer program product having a non-transitory computer readable medium with code encoded thereon which, when executed causes one or more processing devices to:
- establish an account configured to receive funds from a direct deposit transaction;
- receive, by the money transfer service server, funds from a direct deposit transaction;
- and
- fund a money transfer transaction with the funds from the direct deposit transaction.
An apparatus configured for implementing financial transactions, the apparatus comprising:
- a client computer having at least one processor and memory coupled to the at least one processor, wherein the at least one processor is configured to:
- stage a money transfer transaction at a processing device of a money transfer service upon receiving transaction details from a sending party;
- receive funds belonging to the sending party from at least one direct deposit transaction;
- direct the received funds to an account corresponding to the sending party which has been established by the money transfer service;
- and
- fund the money transfer transaction with the funds from the at least one direct deposit transaction.
Dependencies are inferred from the claim text.