Method and Apparatus for Money Transfer to an Account

Method and Apparatus for Money Transfer to an Account

A method includes receiving, by a processor, a request to initiate a money transfer transaction between a sending party and a receiving party. The request may include information identifying an account associated with the receiving party. The method includes initiating, by the processor, validation...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: ONG JANICE CHIEW KEUK, SCHLARB WENDI, KALOLWALA ZAHID ZOEBBHAI, LIM ALEX CHAN, KUZNETSOV ELENA, MINOGUE LISA MARIE, BONTRAGER DANIEL FLETCHER, FEMRITE CHRISTOPHER MELVIN DONALD, LUK-PAT KENNETH
Format: Patent
Sprache: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:A method includes receiving, by a processor, a request to initiate a money transfer transaction between a sending party and a receiving party. The request may include information identifying an account associated with the receiving party. The method includes initiating, by the processor, validation of the account associated with the receiving party. The method includes initiating, by the processor, the money transfer transaction between the sending party and the receiving party in response to a determination that the account associated with the receiving party is valid. Initiation of the money transfer transaction causes funds to be deposited into the account associated with the receiving party.