Patent ID: 7640212
Filing Date: 2009-12-29
Classification: G06Q

Abstract:
1. A method for executing a plurality of money transfers, the method comprising: providing a money-transfer system comprising a host processing system having a host processor with associated memory, wherein the money transfer system is operated by a service provider; receiving from a customer at the money-transfer system information related to-a first money transfer to be executed by the service provider; wherein at least one term of the money transfer is dependent on the value of a fluctuating parameter; determining a first value of the fluctuating parameter at a first point in time; with the host processing system, executing the first money transfer using the first value of the fluctuating parameter; and with the host processing system, storing in the memory a unique lock-in value identifier that associates the first value of the fluctuating parameter with the customer; receiving from the same customer at the money-transfer system information related to a second money transfer to be executed by the service provider, wherein at least one of the terms of the second money transfer is dependent on the value of the fluctuating parameter; with the host processing system, determining a second value of the fluctuating parameter at a second point in time when making the second money transfer; with the host processing system, retrieving the first value of the fluctuating parameter from the host processor's memory using the lock-in value identifier; with the host processing system, determining whether the first value or the second value of the fluctuating parameter is more favorable to the customer for executing the second money transfer; and with the host processing system, executing the second money transfer with the money-transfer system using the more favorable value of the fluctuating parameter; wherein the risk of loss associated with using the more favorable value of the fluctuating parameter is assumed by the service provider.