Method and system for performing money transfer transactions
AssigneeFirst Data Corporation
InventorsEarney E. Stoutenburg, Dean A. Seifert
Life of this patent
Estimating the term…
Abstract
A method for performing a money transfer receive transaction involving a recipient that receives money from a sender includes the steps of providing a receive code to a recipient via a transaction staging device that is used to stage the receive transaction, wherein the code is used to identify the receive transaction on a data base; receiving at the data base an entry, provided by the recipient and corresponding to the code, from a transaction fulfillment device in communication with the data base; and providing transaction details of the receive transaction to the transaction fulfillment device for verification with the recipient; wherein the code is not provided by or to the sender for use by the sender during the receive transaction.
Claims12
A method of performing a money transfer receive transaction involving a recipient that receives money from a sender, the method comprising:
- providing a receive code to a recipient via a receive transaction staging device that is used to stage the receive transaction, wherein the receive code is used to identify the receive transaction on a data base;
- receiving at the data base an entry, provided by the recipient and corresponding to the receive code, from a receive transaction fulfillment device in communication with the data base;
- and
- providing transaction details of the receive transaction to the receive transaction fulfillment device for verification with the recipient;
- wherein the receive code is not provided by the sender.
A method of performing a money transfer receive transaction involving a recipient that receives money from a sender, the method comprising:
- providing a receive code directly to a recipient via a receive transaction staging device that is used to stage the receive transaction, wherein the receive code is used to identify the receive transaction on a data base;
- receiving at the data base an entry, provided by the recipient and corresponding to the receive code, from a receive transaction fulfillment device in communication with the data base;
- and
- providing transaction details of the receive transaction to the receive transaction fulfillment device for verification with the recipient;
- wherein the receive code remains unknown to the sender.
A method of performing a money transfer receive transaction involving a recipient that receives money from a sender, the method comprising:
- staging the money transfer receive transaction including:
- i) providing a receive code to the recipient via the receive transaction staging device, wherein the receive code is used to identify the receive transaction on a data base;
- and
- fulfilling the money transfer receive transaction including:
- i) receiving at the data base an entry, provided by the recipient and corresponding to the receive code, from a receive transaction fulfillment device in communication with the data base;
- ii) providing transaction details of the receive transaction to the receive transaction fulfillment device for verification with the recipient;
- and
- iii) dispensing funds corresponding to the receive amount to the recipient via the receive transaction fulfillment device;
- wherein the receive code is not provided by nor to the sender.
Dependencies are inferred from the claim text.