Method and apparatus for screening financial transactions
AssigneeThe Western Union Company
InventorsKenneth Algiene, Henry M. Abelman, Joseph Cachey, III
Life of this patent
Estimating the term…
Abstract
A system for screening money transfers. According to one embodiment of the invention an operator is provided with at least one prompt to request further information about an attempted money transfer. The operator can be prompted with a series of questions to facilitate a regimented screening process of suspicious transfers.
Claims31
A non-transitory computer-readable medium for monitoring an attempted money transfer through a money transfer service, having sets of instructions stored thereon which, when executed by a computer, cause the computer to:
- receive from a user a request to transfer an amount of money to a receiving party;
- obtain data from a database for at least one previously requested transfer by said user;
- and
- utilize said data to determine whether said request to transfer said amount of money violates a screening condition of said money transfer service, wherein said screening condition is capable of facilitating the detection of improper money transfers.
A non-transitory computer-readable medium for monitoring an attempted money transfer through a money transfer service, having sets of instructions stored thereon which, when executed by a computer, cause the computer to:
- receive from a user a request to transfer an amount of money to a receiving party;
- obtain data from a database for at least one previously requested transfer by said user;
- utilize said data to determine whether said request to transfer said amount of money violates a screening condition of said money transfer service, wherein said screening condition is capable of facilitating the detection of improper money transfers;
- and
- make an in-person inquiry with said user by said operator.
An article of manufacture comprising:
- a computer usable medium having computer readable program code embodied therein for causing a computer to monitor an attempted money transfer by a user, the computer readable program code in said article of manufacture comprising:
- computer readable program code for causing said computer to effect obtaining data from a database for at least one previously requested transfer by said user;
- computer readable program code for causing said computer to effect utilizing said data to determine whether said request to transfer said amount of money violates a screening condition of said money transfer service, wherein said screening condition is capable of facilitating the detection of improper money transfers;
- computer readable program code for causing said computer to effect, in response to a positive determination that said request to transfer said amount of money violates said screening condition, automatically prompting an operator of said money transfer service to request further information from said user;
- computer readable program code for causing said computer to effect conveying to said operator at least one question to ask said user about said request to transfer said amount of money.
Dependencies are inferred from the claim text.