Patent ID: 8032452
Filing Date: 2011-10-04
Classification: G06Q,G07F

Abstract:
1. A method for performing a funds transfer, the method comprising: receiving at a host system from a sender a request to transfer funds to a recipient, the request defining parameters for the funds transfer; determining with the host system which of a plurality of different funds-transfer companies is able to complete the funds transfer in accordance with the 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 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 two of the plurality of different funds-transfer companies; transmitting, to the funds-transfer company, details of the funds transfer, wherein the details of the funds-transfer comprises the default service fee; receiving, from the funds-transfer company, a modified service fee charged for the funds transfer by the funds-transfer company, wherein the modified service fee is based at least in part on the details of the funds transfer; displaying to the sender a selectable user interface including the identified subset of the plurality of different funds-transfer companies capable of completing the transfer; displaying on the selectable user interface the modified service fee as a price to be charged for transferring funds by the funds-transfer company; receiving at the host system a selection of a chosen funds-transfer company from the subset of the plurality of different funds-transfer companies chosen by the sender using the selectable user interface; receiving at the host system a request from the sender to provide the funds to the recipient through the chosen funds-transfer company; transmitting information related to the request to provide the funds to the recipient from the host system; and transmitting from the host system to the chosen funds-transfer company information related to the request to provide the funds to the recipient, wherein after receipt of the information related to the request to provide the funds, the chosen funds-transfer company transfers funds to the recipient.