Patent ID: 8510223
Filing Date: 2013-08-13
Classification: G06Q

Abstract:
1. A method for performing a money transfer transaction via a wireless communication device, said method comprising: receiving, at a money transfer service provider system, and from a telecommunications network, an initial access request for a money transfer transaction from a user via a wireless communication device communicating on the telecommunications network, wherein: receiving, at the money transfer service provider system, and from the telecommunications network, money transfer instructions from the user via the wireless communication device communicating on the telecommunications network, wherein the money transfer instructions include at least an amount of the money transfer transaction and a recipient of the money transfer transaction; receiving, at the money transfer service provider system, a biometric record associated with the wireless communication account from the wireless communication provider system; verifying, with the money transfer service provider system, the status of the at least one credit account and determining if the amount of the money transfer transaction requested may be charged against the credit account; verifying, with the money transfer service provider system, a velocity of transactions per time does not exceed a particular amount for the user; causing, with the money transfer service provider system, manual, non-automated, validation of the money transfer transaction to occur when the velocity of transactions per time does exceed the particular amount, wherein validation comprises: authorizing, with the money transfer service provider system, the money transfer transaction if the at least one credit account may be charged the requested amount and if the biometric reading matches the biometric record; declining, with the money transfer service provider system, the money transfer transaction if the at least one credit account may not be charged the requested amount or the biometric reading does not match the biometric record; charging, with the money transfer service provider system, the at least one credit account at least a portion of the amount of the money transfer transaction if the money transfer transaction is authorized; and transmitting information concerning the money transfer transaction from the money transfer service provider system to a money transfer facilitator associated with the money transfer server provider system for completion of the money transfer transaction via provision of funds in-person to the recipient if the money transfer transaction is authorized.