Patent ID: 7805368
Filing Date: 2010-09-28
Classification: G06Q,G07F,G07G

Abstract:
1. A method for transferring cash from a sender to a receiver, the method comprising: publishing an offer for a purchase card over a computer network; receiving, by at least one computer processor, a request from the sender for the purchase card, wherein the sender is an individual; creating, by at least one computer processor, an independent and separate account associated with the purchase card, which is associated with a predetermined transaction network; providing the purchase card to the receiver, the receiver obtaining the purchase card in an unactivated state, wherein: receiving a contact over the computer network, from the receiver for activation of the purchase card; receiving, from the receiver, security information; activating, by at least one computer processor, the purchase card over the computer network; crediting the purchase card with funds provided by the sender as an initial value by transferring the funds associated with the initial value into the independent and separate account and storing the funds in the independent and separate account, wherein the purchase card is usable by the receiver for transactions; and loading, subsequent to the funding of the initial value, the purchase card upon receiving a load request from the receiver or the sender.