Patent ID: 8315952
Filing Date: 2012-11-20
Classification: G06Q

Abstract:
1. A method of transferring funds from a sender to a recipient, the method comprising: receiving source funds from the sender, wherein the source funds comprise a first electronic token; transmitting a first challenge to the sender, in response to receipt of the source funds; receiving a first response to the first challenge from the sender, wherein the first response comprises a first portion of a first set of information, and wherein: determining an amount of recipient funds from a value of the source funds; generating, using a money-transfer provider's computer system, a money-transfer identifier identifying the recipient funds, wherein the money-transfer identifier is distinct from the first challenge and the response; providing the money-transfer identifier generated by the money-transfer provider's computer system to the sender while the money-transfer provider maintains control of the recipient funds; receiving the money-transfer identifier from the recipient; and transferring control of the recipient funds from the money-transfer provider to the recipient in response to receipt of the money-transfer identifier from the recipient.