Instant money transfer methods and system for implementing same

Automated method for interbank funds transfer from one account to another between individuals wherein the central server component is conveyed in advance at least one social identifier of the Recipient and identifier of the bank to the account with which funds must be credited, and the central server component stores identifiers in the database;

• at the time of the transfer, the social identifier of the Recipient is given and transferred for identification of the Destination bank;
• the central server component, by processing the received messages, identifies the Destination bank and sends the message requiring Sender's confirmation, in response to which the Sender enters the transfer amount and confirms the Destination bank;
• a confirmation of the Recipient's social identifier at the Destination bank is requested;
• the Sender is provided the opportunity to verify the Recipient by showing them the corresponding challenge phrase;
• requests are generated and sent to the settlement system to debit funds from the Originator bank and credit funds to the account with the Destination bank, a confirmation of the request fulfillment is received from the settlement system;
• messages confirming the funds transfer are sent to the Originator bank and the Destination bank with a request to debit funds from the Sender's account and credit funds to the Recipient's account, and confirmations of the fulfillment are received from banks;
• the Sender is notified of funds debiting and the Recipient—of funds crediting from the Sender.

Automated method for interbank funds transfer from one account to another between individuals wherein the Sender and the Recipient are the same individual, characterized in that at the time of the transfer it is communicated that the transfer is to be performed between the accounts of the same individual and the bank identifier is indicated to the Recipient's account with which funds are to be credited;

• the central server component, by means of processing, checks that the details of the Sender and the Recipient match and verifies that the Sender and the Recipient are the same person. After this, a confirmation of the availability of Recipient's identifier in the Destination bank is requested;
• requests are generated and sent to the settlement system to debit funds from the Originator bank and credit funds to the account with the Destination bank, a confirmation of the request fulfillment is received from the settlement system;
• messages confirming the funds transfer are sent to the Originator bank and the Destination bank with a request to debit funds from the Sender's account and credit funds to the Recipient's account, and confirmations of the fulfillment are received from banks;
• the Sender who also is the Recipient is notified of funds debiting from one account and of funds crediting to another account.