Patent ID: 8504450
Filing Date: 2013-08-06
Classification: G06Q

Abstract:
1. A method comprising: receiving, via a network interface device, a request from a first party, who is a remittance requester, to a financial entity to transfer a remittance from an account at the financial entity, associated with the first party, to a mobile account associated with a mobile phone number of a mobile phone of a second party who is a remittance receiver; responsive to receiving the request, notifying the second party of the amount of the remittance and an identity of the first party; receiving, via the network interface device, a personal identification component from the second party, the personal identification component sent responsive to the notification; receiving, at the financial entity, from the second party, and responsive to the notification, a request to identify an agent from which the amount is to be redeemed, and, responsive to the request from the second party, sending a message from the financial entity to the second party, the message informing the second party of a location of a selected agent that is determined based on geographic information from the mobile phone; determining whether the remittance is a first instance of a remittance to the mobile phone number; responsive to the remittance being the first instance of a remittance to the mobile phone number, creating a new mobile account associated with the mobile phone number and correlating the new mobile account with the personal identification component: accessing the mobile account associated with the mobile phone number of the second party based on the personal identification component; and depositing the amount into the mobile account.