Patent application number | Description | Published |
20080249911 | METHODS AND APPARATUS FOR USING ASSIGNABLE FEE PROFILES TO DEFINE FEE STRUCTURES FOR REMITTANCE SERVICES - A method includes storing a plurality of service fee profiles. Each of the profiles is for associating a respective service fee level with each of a plurality of transaction amount tiers. The method further includes, after the storing step, selecting a pair of currencies. The pair of currencies includes a sender currency and a recipient currency. The method also includes assigning one of the stored service fee profiles to the selected pair of currencies to set up a service fee schedule for the selected pair of currencies. | 10-09-2008 |
20080249912 | FORMAT IN COMPUTER-PROVIDED USER INTERFACE FOR ENTERING TRANSACTION FEE STRUCTURE - Data entry fields for entering a transaction fee structure are laid out in a grid of rows and in three or four columns. Data entered in a field in the second column defines the end point amount for a tier of transactions and is automatically populated into the field in the first column in the next row to define the starting point for the next tier of transactions. Data entered into a field in the third or fourth column defines a fee level for the tier of transactions defined by the amounts in the fields in the same row and in the first and second columns. | 10-09-2008 |
20080249913 | METHODS AND APPARATUS FOR CHECKING ANTI-MONEY-LAUNDERING SUSPECT LIST TRANSACTION BY TRANSACTION - A method includes maintaining a list of individuals prohibited from receiving funds transfers, and receiving information from time to time for updating the list. The method further includes receiving a plurality of funds transfer requests over time. Each of the funds transfer requests specifies a respective recipient individual. In response to receiving each of the funds transfer requests, the respective recipient individual specified in the funds transfer request is compared with the updated list of individuals prohibited from receiving funds transfers. | 10-09-2008 |
20080249930 | INTERNATIONAL REMITTANCE SYSTEM BASED ON PAYMENT CARD ACCOUNTS WITH ACCESS BY MOBILE TELEPHONE - A funds transfer system includes a first mobile telephone operating company and a first financial institution which exchanges data communications regarding funds transfer requests with the first mobile telephone operating company. The system further includes a second mobile telephone company and a second financial institution. The system also includes a payment processing network operating company. The payment processing network operating company transfers funds from the first financial institution to the second financial institution to benefit a recipient who owns a mobile telephone served by the second mobile telephone operating company. | 10-09-2008 |
20080249935 | METHODS AND APPARATUS FOR FUNDS REMITTANCES TO NON-PAYMENT CARD ACCOUNTS USING PAYMENT CARD SYSTEM - A method includes receiving a funds transfer request. The request specifies a transaction amount, a destination bank account and a source payment card account. A response to the request includes initiating a payment transaction to transfer the transaction amount from the source payment card account to a payment card system settlement account that was established by a payment card system with an agent bank. The response to the request also includes issuing an instruction for the agent bank to transfer the transaction amount from the settlement account to the destination bank account. | 10-09-2008 |
20080249937 | PAYMENT CARD BASED REMITTANCE SYSTEM WITH DELIVERY OF ANTI-MONEY LAUNDERING INFORMATION TO RECEIVING FINANCIAL INSTITUTION - A request for a funds transfer is received from a first financial institution located in a first country. The request includes data that indicates the name and residential address of an individual who initiated the funds transfer. The funds transfer is routed from the first financial institution to a second financial institution located in a second country that is different from the first country. The routing of the funds transfer includes transmitting, to the second financial institution, the name and residential address of the individual who initiated the funds transfer. | 10-09-2008 |
20120016795 | INTERNATIONAL REMITTANCE SYSTEM BASED ON PAYMENT CARD ACCOUNTS WITH ACCESS BY MOBILE TELEPHONE - A funds transfer system includes a first mobile telephone operating company and a first financial institution which exchanges data communications regarding funds transfer requests with the first mobile telephone operating company. The system further includes a second mobile telephone company and a second financial institution. The system also includes a payment processing network operating company. The payment processing network operating company transfers funds from the first financial institution to the second financial institution to benefit a recipient who owns a mobile telephone served by the second mobile telephone operating company. | 01-19-2012 |
20120317030 | INTERNATIONAL REMITTANCE SYSTEM BASED ON PAYMENT CARD ACCOUNTS WITH ACCESS BY MOBILE TELEPHONE - Methods and systems for registering a remittance customer to facilitate international funds transfers are described. In an embodiment a first financial institution computer in a first country receives the name, residence address and a mobile telephone number of a remittance customer from a first mobile network operator (MNO), and also receives image data that corresponds to documentation verifying the remittance customer's identity and residence address. A new payment card account number is generated for the remittance customer and is stored along with the image data and first mobile telephone number. The remittance customer's mobile telephone number and new payment card account number is then transmitted to a translation server of a payment system used for transferring funds internationally. | 12-13-2012 |
20130282585 | PAYMENT CARD BASED REMITTANCE SYSTEM WITH DELIVERY OF ANTI-MONEY LAUNDERING INFORMATION TO RECEIVING FINANCIAL INSTITUTION - A request for a funds transfer is received by a sending financial institution (FI) located in a first country from a mobile network operator (MNO) for a recipient located in a second country. The funds transfer request includes the sender's mobile telephone number and transaction data, and the process includes translating the mobile telephone number into a sender's payment card account number, determining that the sender's payment card account can support the transfer amount, and transmitting the transaction data and the sender's payment card account number to a payment system. The sending FI receives a payment confirmation message that satisfies compliance with know your customer (KYC) information and anti-money laundering (AML) information requirements, and transmits a remittance confirmation message to the MNO. | 10-24-2013 |
20130346223 | PROCESSING POINT-OF-SALE TRANSACTIONS USING A MOBILE CARD AND MOBILE PHONE - In some example embodiments, a mobile card is determined to have been presented as payment in a point-of-sale (POS) transaction and a mobile phone is determined to be associated with the mobile card. A transaction request is then sent to a mobile phone and a transaction authorization is received from the mobile phone. The POS transaction is then authorized. | 12-26-2013 |
20140040123 | METHODS AND APPARATUS FOR FUNDS REMITTANCES TO NON-PAYMENT CARD ACCOUNTS USING PAYMENT CARD SYSTEM - Apparatus and methods for funds remittances to non-payment card accounts are described. An embodiment includes a processor receiving a funds transfer request specifying a transaction amount, a destination bank account and a source account, and determining that the destination account is not a payment card account. The processor then initiates a payment transaction routed from the source account via a payment card system network to a payment card system settlement account that has been established in an agent bank in the same country as the destination bank account. The processor stores an instruction file of transfer instructions for the agent bank to transfer the transaction amount from the payment card system settlement account to the destination bank account, and later transmits the instruction file to the agent bank. | 02-06-2014 |
20140156484 | METHODS AND APPARATUS FOR USING ASSIGNABLE FEE PROFILES TO DEFINE FEE STRUCTURES FOR REMITTANCE SERVICES - Methods, apparatus and systems for receiving a selection of a service fee profile option from a user and implementing it in an international remittance system. The process includes providing, by an administrative computer server to a user computer, a data entry page for defining a class of remittance transactions, receiving a selection that includes a sender country and currency and a recipient country and currency, wherein the sender country is different from the recipient country. The process also includes providing a plurality of service fee profiles to the user computer, receiving a user selection, transmitting a fee structure to the user computer, and receiving a confirmation to assign the selected service fee profile to the currency remittance channel. | 06-05-2014 |
20140379578 | METHOD AND SYSTEM FOR CONDUCTING ON-BEHALF ELECTRONIC FINANCIAL TRANSACTION - A method of conducting an electronic financial transaction over a payment network on behalf of a customer is provided using a payment application stored in a mobile device of a facilitator, the method including: receiving transaction details of the electronic financial transaction in the payment application from the customer; generating a transaction request for the electronic financial transaction based on said the transaction details received; and forwarding the transaction request to a payment gateway for processing to carry out the electronic financial transaction over the payment network, the payment gateway having stored therein account details of a payment card linked to the facilitator from which funds are authorized to be deducted or to which funds are authorized to be credited based on the transaction request to pay for or receive funds from the electronic financial transaction on behalf of the customer in exchange for the facilitator receiving cash payment from or providing cash to the customer. There is also provided a system for conducting an electronic financial transaction on behalf of a customer, and a computer program product, embodied in a non-transitory computer-readable storage medium, including instructions executable by a computing processor to perform the above method. | 12-25-2014 |