Money transfer transactions via pre-paid wireless communication devices

US8781966B2 · kind B2 · utility

Assignee

• The Western Union Company · US

Inventors

• Paul Blair · Sunrise, US
• Rex Lieurance · Denver, US
• Diane Scott · Lone Tree, US

Key dates

• Filing date: Jul 22, 2013
• Grant date: Jul 15, 2014
• Expiry date: Jul 22, 2033

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods for performing money transfer transactions via a wireless communication device, such as a cellular phone, are provided. The wireless communication device may be associated with, or automatically linked to, at least one payment source account. The wireless communication device may be associated with at least one pre-paid payment source account. In one example, the wireless communication device is a pre-paid cellular phone and/or is associated with a pre-paid money transfer account. The wireless communication device may access a pre-directed phone number, e.g., *55, to access a money transfer service provider. Once connected to a money transfer service provider, a user may initiate a money transfer via the wireless device, which is optionally paid to a payee in-person at a money transfer service provider location.