Patent ID: 8799154
Filing Date: 2014-08-05
Classification: G06Q,G07F

Abstract:
1. A method for performing a funds transfer, the method comprising: determining, with a host system, which of a plurality of different funds-transfer companies is able to complete the funds transfer in accordance with defined parameters; determining, with the host system, a default service fee charged for the funds transfer by a funds-transfer company of a subset of the plurality of different funds-transfer companies; transmitting, from the host system to at least one funds-transfer company of the subset of the plurality of different funds-transfer companies, details of the funds transfer; transmitting, from the host system, an identification of the subset of the plurality of different funds-transfer companies, each of which is capable of completing the funds transfer in accordance with the defined parameters, the subset including at least one of the plurality of different funds-transfer companies; transmitting, from the host system to a sender, a list of prices charged for transferring funds by each of the subset of the plurality of different funds-transfer companies; receiving, at the host system, a selection of a funds-transfer company; and receiving, at the host system, a request to initiate the funds transfer.