Patent ID: 8315945
Filing Date: 2012-11-20
Classification: G06Q

Abstract:
1. A computer-implemented method for transferring money from a first financial account to a second financial account, comprising: receiving, by a computer, a request to transfer money to a recipient, the request comprising information regarding the recipient and an amount of money to be transferred, the request originating from a first application module configured to operate on a mobile device; receiving, by the computer, an image captured from a first paper check associated with the first financial account, the image of the first paper check originating from the first application module; deciphering information regarding the first financial account from the image of the first paper check, the information being sufficient to associate the first financial account with a first transfer account managed by the computer; associating, by the computer, the first financial account with the first transfer account based on the deciphered information regarding the first financial account, the first transfer account being authorized to transfer funds from the first financial account; sending, by the computer, a message to a communication account of the recipient, the message comprising information regarding the request to transfer money; receiving, by the computer, an image captured from a second paper check, the second paper check being associated with the second financial account, the image of the second paper check originating from a second application module configured to operate on a mobile device, wherein the second financial account is a financial account of the recipient; deciphering information regarding the second financial account from the image of the second paper check, the information being sufficient to associate the second financial account with a second transfer account managed by the computer, the second transfer account being a transfer account of the recipient; associating, by the computer, the second financial account with the second transfer account based on the deciphered information regarding the second financial account, the second transfer account being authorized to receive a transfer of funds from the first financial account to the second financial account; and initiating, by the computer, the transfer of money from the first financial account to the second financial account.