Regulated wire transfer compliance systems and methods
US7213744B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Sep 13, 2004 |
| Grant date | May 8, 2007 |
| Priority date | — |
| Expiry date | Jul 15, 2025 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method of facilitating a money transfer to a region for which compliance with a requirement requires execution of a document. The method includes receiving transaction information at a host computer system from a transaction processing device at a transaction origination location. The transaction information relates to a money transfer to the region. The method also includes storing at least a portion of the transaction information as a money transfer record. The record includes a field whose value indicates the status of compliance with the requirement. The method also includes receiving an image of at least a portion of the document, evaluating the document to determine whether the document evidences compliance with the requirement, setting the value of the field to indicate compliance with the requirement, and completing the money transfer, upon request or a recipient, if the value of the field indicates compliance with the requirement.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.