Value transfer systems and methods
AssigneeThe Western Union Company
InventorsKurt Hansen, Dean A. Seifert, Mark Thompson, Patricia A. Frazier
Life of this patent
Estimating the term…
Abstract
One method involves the use of stored value account that may be used, for example, to make internet payments, and that can be credited using a variety of payment techniques. Such a method involves receiving money at a money transfer location from a potential purchaser. The money is then stored as an electronic record in a stored value account of the purchaser. This money is then available for transfer at the request of the purchaser. Upon such a request, the money may be electronically sent to a recipient and the stored value account may be debited.
Claims11
A method for transferring value, the method comprising:
- receiving at a host computer system a request from a sender to transfer value to multiple recipients along with one or more restrictions, selected by the sender, about how the value may be received by the recipients;
- receiving a request at the host computer system to provide the value to one or more of the recipients;
- and
- determining with the host computer system the manner of the transfer based on the restriction, wherein the restriction is selected by the sender and comprises providing only a portion of the value to at least one of the multiple recipients.
A value transfer system comprising;
- a host computer system having an input interface, an output interface, and a rules engine, wherein the input interface is configured to receive a request from a sender to transfer value to multiple recipients along with one or more restrictions, selected by the sender, about how the value may be received by the recipients, and to receive a request to provide the value to one or more of the receipts, wherein the rules engine is configured to determine the manner of the transfer based on the restriction, and wherein the restriction is selected by the sender and comprises providing only a portion of the value to at least two of the multiple recipients.
A method for transferring value, the method comprising:
- receiving at a host computer system a request from a sender to transfer value to multiple recipients along with one or more restrictions, selected by the sender, about how the value may be received by the recipients;
- receiving a request at the host computer system to provide the value to one or more of the recipients;
- and
- determining with the host computer system the manner of the transfer based on the restriction, wherein the restriction is selected by the sender and comprises providing only a portion of the value to at least one of the multiple recipients and wherein the restriction further comprises a designation as to which of the recipients must be present when receiving the value.
Dependencies are inferred from the claim text.