Patent ID: 8672220
Filing Date: 2014-03-18
Classification: G06Q,G07F,G07G

Abstract:
1. A method for transferring money, comprising: providing, for purchase at a retail location, a money transfer instrument having product information and a monetary value associated therewith and used by a sender in transferring money to a recipient; capturing the product information by a POS terminal at the retail location in response to the sender purchasing the money transfer instrument; in response to and after capture of the product information, generating and issuing a personal identifier to the sender on a receipt printed at the POS terminal; after the step of issuing and providing the personal identifier, receiving from the sender, by a money transfer host, money transfer information along with the personal identifier; in response to the money transfer information and personal identifier being received from the sender by the money transfer host, generating and transmitting to the sender a money transfer control identifier that is separate from the personal identifier; and receiving from the recipient, by the money transfer host, the money transfer control identifier, the money transfer control identifier having been provided to the recipient by the sender, the recipient using the money transfer control identifier to receive transferred money at a money transfer location.