Patent ID: 7797234
Filing Date: 2010-09-14
Classification: G06Q

Abstract:
1. A method for a banking customer of a first bank in a first country to invoke a banking service of sending cash to a recipient in a second country, the cash being in the currency of the second country, the banking customer having a bank account in the first bank, the method comprising: receiving, at a first bank computer associated with the first bank, a first data message comprising information for designating a recipient of the cash and for specifying a first amount of cash to be provided to the recipient; updating a bank database to debit the banking customer's bank account for a second amount of cash; notifying a second bank computer associated with a second bank located in the second country of information sufficient for the second bank to provide the cash to the recipient via a payment agent in the second country; transferring an amount of funds equivalent in value to the first amount of cash to a commingled account belonging to the second bank; and transmitting, by the second bank, a second data message to the payment agent, wherein the second data message contains information sufficient to dispense the first amount of cash to the recipient.