US 7,461,776 B2 · Method and apparatus for money transfer

Abstract

A method of performing a money transfer send transaction comprises receiving information at a call center from a sender for a send transaction, including a proposed send amount, and responsive to the information from the sender received at the call center, building a staging record for the send transaction. The staging record includes compliance data responsive to the proposed send amount and to compliance rules. A data center receives information from an agent provided by the sender to the agent, with the information including a retrieval key to identify the staging record, a requested send amount and agent location information. Responsive to the requested send amount and the agent location information, the data center identifies in the compliance rules at least one applicable compliance window and tests the requested send transaction and compliance data in the staging record for consistency with the at least one applicable compliance window. Responsive to an affirmative test for consistency, the data center prompts the agent to collect from the sender payment of the requested send amount and any transaction fee and, responsive to the agent's confirmation of receipt of payment, prepares a send transaction record. Finally, the data center provides the agent a send transaction identifier for communication to the sender.

Claims31

Dependent claims

A method of performing a money transfer send transaction comprising:

receiving information at a staging terminal from a sender for a send transaction, including a proposed send amount;
responsive to the information from the sender received at the staging terminal, building a staging record for the send transaction, said staging record including compliance data responsive to the proposed send amount and to compliance rules;
receiving information from an agent provided by the sender to the agent, said information including a retrieval key to identify the staging record, a requested send amount and agent location information;
responsive to the requested send amount and the agent location information, identifying in the compliance rules at least one applicable compliance window;
testing the requested send transaction and compliance data in the staging record for consistency with the at least one applicable compliance window;
responsive to an affirmative test for consistency, prompting the agent to collect from the sender payment of the requested send amount and any transaction fee;
responsive to the agent's confirmation of receipt of payment, preparing a send transaction record;
and
providing to the agent a send transaction identifier for communication to the sender.

6 more elements

A system for performing a money transfer send transaction comprising:

a processor configured to communicate with a staging terminal and at least one agent;
a program component for receiving information at a the staging terminal from a sender for a send transaction, including a proposed send amount;
a program component responsive to the information from the sender received at the staging terminal, for building a staging record for the send transaction, said staging record including compliance data responsive to the proposed send amount and to compliance rules;
a program component for receiving information from an agent provided by the sender to the agent, said information including a retrieval key to identify a staging record, a requested send amount and agent location information;
a program component responsive to the requested send amount and the agent location information, for identifying in the compliance rules at least one applicable compliance window;
a program component for testing the requested send transaction for consistency with the at least one applicable compliance window;
a program component responsive to an affirmative test for consistency for prompting the agent to collect from the sender payment of the requested send amount and any transaction fee;
a program component responsive to the agent's confirmation of receipt of payment for preparing a send transaction record;
and
a program component for providing to the agent a send transaction identifier for communication to the sender.

7 more elements

Dependencies are inferred from the claim text.

Method and apparatus for money transfer

Life of this patent

Method and apparatus for money transfer

Life of this patent

Abstract

Claims31