Network based money and value transfer service with a digital wallet

A method of an internet based money and value transfer service server, comprising:

• associating a digital wallet user with the user's verified personal information and a user's biometric information, using a processor and a memory;
• limiting a requested financial transaction amount by at least one of the digital wallet user per a period, a transaction risk score, the digital wallet user's risk score, and a risk score of a selected beneficiary of a transaction and the rating scores of the countries in the primary addresses of the selected beneficiary and the digital wallet user;
• constraining a number of Active Beneficiaries by the digital wallet user per the risk score of the digital wallet user;
• limiting a wallet balance of the digital wallet user per the period and the digital wallet user's risk score;
• constraining the withdrawal amount per the period, based at least in part on the transaction risk score and the digital wallet user's risk score;
• automatically determining a user risk score in real time by analyzing at least one of the verified personal information, the user's biometric information, a user's social media profile the risk scores of the user's beneficiaries, the country of birth of the user, whether the user is on a restricted list or a person in public life list, a meta-data, a background check factor, and the country listed in the primary address of the user, whereby a country's rating is checked, as well as to see if it is on any type of restricted list;
• automatically determining the transaction risk score in real time by analyzing the digital wallet user's risk score and verfieid personal information, and the risk score of the selected beneficiary, a starting and ending locations of the transaction, the time and date of the transaction, checking the country of birth of the digital wallet user and if the digital wallet user and the selected beneficiary are on the restricted list or a person in public life list, the meta-data, the background check factor, and the countries listed in the primary addresses of both the digital wallet user and the selected beneficiary, whereby the country's rating scores are checked, as well as to see if they are on any type of restricted list, and the method and format in which the funds and items of value are to be received;
• permitting any authorized Payout Center to bid on and fulfill a money services request by the digital wallet user based on the transaction risk score and an optimization of the request by the digital wallet user and the selected beneficiary, and the locations of the selected beneficiary and the digital wallet user, provided that the locations of the selected beneficiary and the digital wallet user are not considered as a risk by the internet based money and value transfer service server, and have the required verified personal information of the digital wallet user and the selected beneficiary automatically sent to the payout center by the internet based money and value transfer service server, and once the transaction is fulfilled allow the payout center to automatically provide the internet based money and value transfer service server with the transaction details which may be forwarded onto the digital wallet user and the selected beneficiary;
• assessing employees of an authorized centers and the digital wallet users for risk, and based on an assessment automatically generate their user risk score and keep the same updated in real-time based on any changes in the data in which the assessment was based;
• determining if at least one of the employees of the authorized centers and the digital wallet users are on a restricted list or person in public life list, and if the countries listed in the primary addresses of the employees of the authorized centers and the digital wallet users and their beneficiaries are considered a risk by a risk rating organization or are on any type of restricted list;
• verifying at least one of the employees of the authorized centers and the digital wallet users through the provided verified personal information including multiple Government ID's, proof of the provided primary addresses, and the biometric information;
• verifying the primary addresses of the employees of the authorized centers and the digital wallet users using the processor and the memory;
• capturing and validating the biometric information of at least one of the employees of the authorized centers and the digital wallet users, wherein the biometric information is at least one of a fingerprint, a voice print, and an iris scan;
• and
• verifying the countries of birth of the employees of the authorized centers, the digital wallet users, and their pre-approved beneficiaries may be verified and accessed for risk, using the processor and the memory.

A method of an internet based money and value transfer service server, comprising:

• associating a digital wallet user with the user's verified personal information and a user's biometric information, using a processor and a memory;
• limiting a requested financial transaction amount by at least one of the digital wallet user per a period, a transaction risk score, the digital wallet user's risk score, and the risk score of a selected beneficiary of the transaction, and the rating scores of the countries in the primary addresses of the selected beneficiary and the digital wallet user;
• constraining a number of Active Beneficiaries by the digital wallet user is limited per the risk score of the digital wallet user;
• limiting a wallet balance of the digital wallet user per the period and the digital wallet user's risk score;
• constraining the withdrawal amount per the period, the transaction risk score and the digital wallet user's risk score;
• automatically determining a user risk score in real time by analyzing at least one of the user's verified personal information, the user's biometric information, a user's social media profile, the risk scores of the user's beneficiaries, the country of birth of the user, whether the user is on a restricted list or person in public life list, a meta-data, a background check factor, and the country listed in the primary address of the user, whereby the country's rating scores is checked, as well as to see if it is on any type of restricted list;
• automatically determining the transaction risk score in real time by analyzing the digital wallet user's risk score and verified personal information, and the risk score of the selected beneficiary, a starting and ending locations of the transaction, the time and date of the transaction, checking the country of birth of the digital wallet user and if the digital wallet user and the selected beneficiary are on a restricted list or person in public life list, the meta-data, the background check factor, and the countries listed in the primary addresses of both the digital wallet user and the selected beneficiary, whereby the country's rating scores are checked, as well as to see if they are on any type of restricted list, and the method and format in which the funds and items of value are to be received;
• and
• permitting any authorized Payout Center to bid on and fulfill a money services request by the digital wallet user based on the transaction risk score and an optimization of the request by the digital wallet user and the selected beneficiary, and the locations of the selected beneficiary and the digital wallet user, provided that the locations of the selected beneficiary and the digital wallet user are not considered as a risk by the internet based money and value transfer service server, and have the required verified personal information of the digital wallet user and the selected beneficiary automatically sent to the payout center by the internet based money and value transfer service server, and once the transaction is fulfilled allow the payout center to automatically provide the internet based money and value transfer service server with the transaction details which may be forwarded onto the digital wallet user and the selected beneficiary
• wherein the user risk score is based on user's verified personal information, the user's biometric information is at least one of a fingerprint, a voice print, and an iris scan, the user's social media profile, the risk scores of user's beneficiaries, the country of birth of the user, whether the user is on a restricted list or person in public life list, the meta-data, the background check factor, and the country listed in the primary address of the user, whereby the country's rating score is checked, as well as to see if it is on any type of restricted list.
• wherein the transaction risk score is based on the digital wallet user's risk score and verified personal information, and the risk score of the selected beneficiary, the starting and ending locations of the transaction, the time and date of the transaction, checking the country of birth of the digital wallet user and if the digital wallet user and the selected beneficiary are on a restricted list or person in public life list, the meta-data, and the background check factor, and the countries listed in the primary addresses of both the digital wallet user and the selected beneficiary, whereby the country's rating scores are checked, as well as to see if they are on any type of restricted list, and the method and format in which the funds and items of value are to be received.