System and method for facilitating remittance

System and method for facilitating remittance

Aspects of the invention relate to system, method and non-transitory computer readable medium for facilitating remittance hosted by a network operator. A remittance facilitator comprising at least one processor is arranged receive a remittance request from a sender to a target beneficiary and therea...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: FERRER, LAWRENCE Y, MELIVO, EARL ALLAN E, ARELLANO, RICHLEY G, UBALDE, OLIVER L, DELAGON, ALVIN A
Format: Patent
Sprache:chi ; eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:Aspects of the invention relate to system, method and non-transitory computer readable medium for facilitating remittance hosted by a network operator. A remittance facilitator comprising at least one processor is arranged receive a remittance request from a sender to a target beneficiary and thereafter a first and second verification is performed to verify the identity of the target beneficiary. The first and second verification include the generation of remittance reference number and a one-time-password.