System and method for transferring money from one country to a stored value account in a different country
US7578434B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Mar 28, 2005 |
| Grant date | Aug 25, 2009 |
| Priority date | — |
| Expiry date | Mar 10, 2027 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F19/201
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
One method involves payment of money to a recipient traveling to one or more foreign countries by entering into a remote computer money transfer information from a sender. The money transfer information comprises recipient identification information, at least one country where the money is to be received, and a payment amount in an originating currency. The money transfer information is transmitted to a host computer system. When ready to receive payment in the designated country, recipient identification information along with a request to withdraw a portion of a possible payment amount is entered into a payout computer. The recipient identification information and the request to withdraw is transmitted to a host computer system, and the requested withdrawal is provided to the recipient in the local currency.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.