Method for providing a money transfer service through a payment enabler system

A computer implemented method for providing a money transfer service between a first party and a second party through a payment enabler system, comprising:

• maintaining, on a memory storage device at the payment enabler system, a database of registered users that have registered with the payment enabler system, the registered users database comprising a plurality of records that include an email address and other account information including a default payment method and a default money receiving method;
• maintaining, on a memory storage device at the payment enabler system, an address book database for storing address book records on behalf of a first party comprising names associated with second parties with whom the first party may initiate a money transfer, each address book record including a name and an associated email address provided by the first party;
• in response to selection by the first party of an entry in the address book database of a particular second party for purposes of initiating a money transfer with the selected second party, retrieving, via a processing unit, the email address associated with the selected second party from the first party's associated address book records in the address book database;
• accessing the registered users database and determining whether the retrieved email address associated with the selected particular second party has a record in the registered users database;
• in response to a determination that the second party has no entry in the registered users database, sending, via a processing unit, the second party a registration invitation email utilizing the retrieved email address to notify the second party that a transaction is pending and instructing the second party to register with the payment enabler system by accessing the payment enabler system;
• in response to accessing of the payment enabler system by the second party after the registration invitation email, conducting a user registration process comprising:
• receiving, via a processing unit, registration information comprising an email address of the registering user, identification information, and a default money transfer method;
• in response to receiving registration information from a registering user, creating a database record in the registered users database including the registration information;
• and completing the transaction between the first party and the second party by the payment enabler transferring money between the first party and the second party utilizing a determined money transfer method.