REMITTANCE SYSTEM AND METHOD

A remittance system comprising a remittance platform operable to process a remittance request originating from a sender to a target beneficiary; the remittance request comprising a primary account number (PAN) of the sender; the remittance platform further operable to create an electronic account fo...

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Hauptverfasser: SALCEDO Richard C, VEA Orlando B, VILLANUEVA Angelito M, UBALDE Oliver L, YULO Jose Antonio C, BASAS Evelyn M, SANTIAGO Agustin L
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creator SALCEDO Richard C
VEA Orlando B
VILLANUEVA Angelito M
UBALDE Oliver L
YULO Jose Antonio C
BASAS Evelyn M
SANTIAGO Agustin L
description A remittance system comprising a remittance platform operable to process a remittance request originating from a sender to a target beneficiary; the remittance request comprising a primary account number (PAN) of the sender; the remittance platform further operable to create an electronic account for the target beneficiary upon determining that the target beneficiary does not have an approved PAN for remittance to take place; wherein the creation of the electronic account comprises a link between a unique identifier of the target beneficiary and the generation of a primary account number for the beneficiary.
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language eng
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subjects 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
title REMITTANCE SYSTEM AND METHOD
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